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stone investments provides financial services related to investment selections, retirement planning, and general insurance needs. at the end of the year on december 31, 2024, the company reports the following amounts: advertising expense $31,800 service revenue $119,100 buildings 133,000 interest expense 1,800 salaries expense 63,400 utilities expense 13,800 accounts payable 4,700 equipment 18,500 cash 3,800 notes payable 21,500 chegg

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Statement of Income for GATOR Investments For the fiscal year ended December 31, 2012, revenues: $118,600 in service revenue Expenses: $31,700 was spent on advertising $63,300 is spent on salaries.

What is Investment?

  • An asset or object purchased with the intention of generating income or appreciation is referred to as an investment.
  • The term "appreciation" describes a rise in an asset's worth over time.
  • When a person buys a product as an investment, they don't intend to utilise it right away; instead, they plan to use it to make money later on.
  • An investment always entails the expenditure of some capital today—time, effort, money, or an asset—in the anticipation of receiving a larger return than what was first invested.
  • A financial asset, for instance, may be bought by an investor now with the hope that it would provide income later on or be sold for more money.

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https://brainly.com/question/1305349

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