Examlex
Which of the following is an example of a noncash item reported in the income statement of a firm?
Organization
An entity comprising multiple people, such as an institution or an association, that has a particular purpose.
1099
A series of IRS tax forms used to report various types of income other than wages, salaries, and tips.
IRS Form
A document that is used for reporting and filing information with the Internal Revenue Service (IRS) in the United States.
Sole Proprietorships
A business structure where the business is owned and run by one individual, with no distinction between the business and the owner.
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