Use the Following Information for Questions Sesame Corp

question 72

Essay

Use the following information for questions Sesame Corp.'s adjusted trial balance at December 31, 2014 included the following: Sesame uses the perpetual system, and their income tax rate is 30%.On Sesame's multiple- step income statement for 2014:
-Income statement - limitations Briefly discuss the limitations of the income statement.

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Definitions:

Affect Influences

How emotions and mood states can impact decision-making, perception, and behavior.

Mild Mannered

Describes a person who is gentle, not easily provoked, and displays a calm behavior.

Soft-Spoken

Characterized by a gentle, mild, or low vocal tone, often perceived as calming or polite.

Assertively

Communicating one's preferences, needs, and rights in a clear, honest, and respectful way without infringing on the rights of others.