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Need more clarification:
i = interest? (if expense: shown in income statement, under expenses. if revenue: shown in income statement, under revenues)
i = investment? (is an asset, showin in the asset section of the balance sheet)
i = income? ( shown in the income statement)
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Unearned revenue is reported in the financial statement as what?
How do you reported unearned janitorial revenue in the financial statements
What is Unearned revenue reported as in a financial statements?
A liability.
Where is Cash flow per share reported?
Cash flow per Share is sometimes reported in the financial press. It is not to be reported on the financial statements.
Presenting consolidated financial statements this year when statements of individual companies were presented last year is?
an accounting change that should be reported by restating the financial statements of all prior periods presented.
What best exemplifies a contingency that is reported in the notes to the financial statements?
Estimated loss from an ongoing lawsuit
When reported in financial statements a lifo allowance account usually?
Indicates the effect on income if LIFO were not used.
Changing the method of inventory valuation should be reported in the financial statements under what qualitative characteristic of accounting information?
timeliness
How might changing one of the financial statements affect the other financial statements?
How might changing one of the financial statements affect the other financial statements?
What are limitations of financial management?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
What are the limitations of management?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
Why are dates important on financial statements?
Why are the dates on financial statements important
What are the elements of financial statements?
Five elements of financial statements are as follows:AssetsLiabilitiesEquityIncomeExpense
