The income statement shows amounts for: A. revenues, expenses, gains, and fair value per share. B. revenues, assets, gains, and losses. C. revenues, gains, expenses and losses. D. revenues, expenses, losses, and liabilities.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.

Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias