What can happen if revenue from sales is not matched with the expenses incurred in making the sales? A. The profits shown on the income statement may not be correct
B. The reported revenue will reflect only sales that were made in cash
C. The business will make more sales in cash than on account
D. The amount shown for inventory on the balance sheet may be incorrect

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.