Here's a look at what causes hair to turn gray and some of the factors that affect graying. Answer: The age at which you'll get your first gray hair (assuming your hair doesn't simply fall out) is largely determined by genetics.
Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, revenue is often referred to as the top line due to its position on the income statement at the very top. This is to be contrasted with the bottom line which denotes net income.
Accrued expenses are the expenses that companies have incurred but not yet paid for, which can still affect a company's income statement. However, an accrued expense in itself is a liability account on the balance sheet, and paying off the liability later doesn't affect a company's income statement.Other People Are Reading.uch a cash expenditure is not an expense for the current accounting period because the related expense has occurred and been recorded in an earlier period. Therefore, a decrease in accrued expense doesn't affect the income statement.