SOLUTION: University of New Haven Financial Statement Business Performance Discussion

Attached. Please let me know if you have any questions or need revisions.a.What is disclosed in an income statement? Be specific.An income statement is one of the crucial financial statements that indicate thebusiness financial performance over a specific reporting time. The statements disclose thedaily activities that involve getting money in and out of business. Jagannath & Koller (2013)noted that the activities which are incorporated into income statements are; revenue, expenses,and profit/loss.Revenue is first listed, and it includes all the money that the organization earnedduring the covered time, e.g., sales. Expenses come after revenue and indicate money paid toall operating expenses incurred during the reported time, such as rent, transport, and bills.Profit/Loss is the difference between revenue earned minus the expenses incurred. It isdisclosed lastly but is the main focus of the business.a.What are the criteria (in addition to materiality) that must be met to classify anevent or transaction as extraordinary?Extraordinary items consist of profits/loss from events or transaction which were notfrequent (Mossberg 2019). They are showed separately from operating earnings since they arenot recurring in nature. For an event or transaction to be termed e…

15 Million Students Helped!

Sign up to view the full answer

Order a unique copy of this paper
(550 words)

Approximate price: $22

Our Basic features
  • Free title page and bibliography
  • Plagiarism-free guarantee
  • Unlimited revisions
  • Money-back guarantee
  • 24/7 support
Our Options
  • Writer’s samples
  • Expert Proofreading
  • Overnight delivery
  • Part-by-part delivery
  • Copies of used sources
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

AcademicWritingCompany guarantees

Our customer is the center of what we do and thus we offer 100% original essays..
By ordering our essays, you are guaranteed the best quality through our qualified experts.All your information and everything that you do on our website is kept completely confidential.

Money-back guarantee always strives to give you the best of its services. As a custom essay writing service, we are 100% sure of our services. That is why we ensure that our guarantee of money-back stands, always

Read more

Zero-plagiarism tolerance guarantee

The paper that you order at is 100% original. We ensure that regardless of the position you are, be it with urgent deadlines or hard essays, we give you a paper that is free of plagiarism. We even check our orders with the most advanced anti-plagiarism software in the industry.

Read more

Free-revision guarantee

The thrives on excellence and thus we help ensure the Customer’s total satisfaction with the completed Order.To do so, we provide a Free Revision policy as a courtesy service. To receive free revision the Academic writing Company requires that the you provide the request within Fifteen (14) days since the completion date and within a period of thirty (30) days for dissertations and research papers.

Read more

Privacy and Security policy

With, your privacy is the most important aspect. First, the academic writing company will never resell your personal information, which include credit cards, to any third party. Not even your lecturer on institution will know that you bought an essay from our academic writing company.

Read more

Adherence to requirements guarantee

The academic writing company writers know that following essay instructions is the most important part of academic writing. The expert writers will, therefore, work extra hard to ensure that they cooperate with all the requirements without fail. We also count on you to help us provide a better academic paper.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2020 at 10:52 AM
Total price:
The price is based on these factors:
Customer Academic level
Number of pages required
Urgency of paper