Answer:
Net income$ 1,982
Explanation:
Preparation of income statement for Krafty Foods for the year ended December 31, 2021
Krafty Foods Income Statement For the Year Ended December 31, 2021
($ in millions)
Operating revenues 34,375
Less Cost of goods sold 17,631
Gross profit 16,744
Marketing, general and administration expenses
11,560
Operating income 5,184
(16,744-11,560)
Interest and other debt expense, net
1,537
Income before taxes 3,647
(5,184-1,537)
Income tax expense 1,665
Net income$ 1,982
(3,647-1,665)
Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982
The correct answer is; Call the police for assistance.
Further Explanation:
If there is a guest at a bar or other establishment that serves alcohol and there is an intoxicated person who is attempting to leave by driving; the police should be called immediately.
If the person is allowed to leave while intoxicated they could cause an accident and be killed or kill someone else. If there is any way to get the keys from the driver, then that should be done quickly and safely. If the intoxicated person has a friend with them and they are sober, ask if they can drive the person home. The manager can also offer to call a taxi for the intoxicated driver.
Learn more about drunk driving at brainly.com/question/11442690
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Answer:
a. Amount of operating expenses recognized during the accounting period = Account payable closing balance + Cash payment - Opening balance
= $25,000 + $40,000 - $2,000
= $63,000
b. Net income earned during the accounting period = Cash revenue - Amount of operating expenses recognized
= $85,000 - $63,000
= $22,000
C. Amount of cash flow from operating activities = Net income + Increase in current liability
= $22,000 + ($25,000 - $2,000)
= $45,000
Answer:
Explanation:
The journal entry is shown below:
Accumulated depreciation - machine A/c Dr $28,000
Loss on disposal of machine A/c $1,000
To Cash $1,000
To Machinery A/c $28,000
(Being the disposal of machinery is recorded)
For disposal of machinery, we debited the accumulated depreciation, loss on disposal of machine and credited the cash account and machinery account
