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Q: What is a mathematical statement that can be shown to be true by using previous statements?
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What is a mathematical statement that can be shown to be true using previously proven statements?

Such a statement is called a theorem.true


Which term best describes a mathematical statement of the form shown below if athen b?

A conditional statement.


Which term best describes a mathematical statement of the form shown below. If A then B?

A conditional statement


How can we treat taxation while preparing cash flow statements?

if tax is paid then it will be shown in cash flow statement otherwise it will not shown in cash flow statement.


Where is i reported in the financial statements?

Need more clarification: i = interest? (if expense: shown in income statement, under expenses. if revenue: shown in income statement, under revenues) i = investment? (is an asset, showin in the asset section of the balance sheet) i = income? ( shown in the income statement)


Which term best describes a mathematical statement of the form shown below If A then B. A. Deductive statement B. Conjecture C. Proof D. Conditional statement?

[object Object]


Where do you find credit purchases in financial statements?

Credit purchases are shown in income statement as a part of total purchases.


Does Sales promotion expenses come in income statement?

All expenses comes in income statements same as sales promotion expenses are also shown in income statement.


What is the difference between consolidated and parent company statements?

Comparative financial statements compares one set of financial statement with another set of financial statements while consolidated financial statement is prepared where in company there is parent and child company relationship exists to join the financial statements of parent and child company as a single financial statements.


Is audit prepaid expenses entry come in income statement?

Prepaid expenses are not part of income statements, in accrual accounting income and expenses are only shown in income statements when they are actually incurred.


What will you find on a income statement and balance sheet?

Current period profit or loss is shown on both financial statements - at the bottom of the Income Statement and in the Retained Earnings section of the Balance Sheet.


What part of the elements of financial statements does inventory bleong to?

Inventory is part of Balance sheet as well as income statement. Inventory is shown as an asset in balance sheet and as an expense when used in income statement.