« previous next »

Author Question: Calculate income from operations for Jonas Company based on the following data: Sales 764,000 ... (Read 79 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jul 5, 2018
Calculate income from operations for Jonas Company based on the following data: Sales 764,000 Operating expenses 52,500 Cost of merchandise sold 538,000
 a. 485,500
  b. 711,500
  c. 173,500
  d. 226,000

Question 2

The historical-cost principle refers to ________.
 
  A) measuring financial statement items at their cost at the time of the transaction
  B) an assumption that a company will continue to be in business in the future
  C) using monetary units, such as dollars, to measure the value of financial statement amounts
  D) the way revenues and expenses are recognized


ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19 Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19
Electronic service information is available from aftermarket sources, such as All-Data and ... Electronic service information is available from aftermarket sources, such as All-Data and ...
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
Chi-Square Analysis of Mendel's Data Chi-Square Analysis of Mendel's Data
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Chi-Square Analysis of Mendel’s Trihybrid-Cross Data Chi-Square Analysis of Mendel’s Trihybrid-Cross Data
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library