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An officer of Carson Company recently commented that when he receives the firm's financial statements He looks at just the bottom line of the income statement -- the line that shows the net income or?
Wiki User
∙ 14y ago
An officer of Carson Company recently commented that when he receives the firm's financial statements. He looks at just the bottom line of the income statement -- the line that shows the net income or net loss for the period. He said that he does not bother with the rest of the income statement because "it's only the bottom line that counts." He also does not read the balance sheet. Do you think this manager is correct in the way he uses the financial statements? Why or why not?
Wiki User
∙ 14y ago
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What is cash flow statement?
Considering what is cash flows statement? This statement is one of the three main financial statements any business has to prepare, i.e. balance sheet, income statement and cash flows statement. Cash flows statement indicates what are the sources from which business receives cash and what are the main uses of cash. Statement of cash flows is a very important, as it indicates whether the business is able to generate cash from it's main activities, whether there is no excessive borrowing, how the business uses cash generated. The other financial statements (income statement and balance sheet) do not provide such information. Also knowing what is cash flows statementallows you to compare net profit reflected in the income statement and change in cash for the same period and estimate quality of net profit and determine whether the business has enough cash. In certain cases it might happen that based on the income statement the business is profitable, however it has no cash. More detailed information can be found on http://free-accounting-tutor.com/
What is a Cambridge undergraduate who receives financial assistance called?
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Installment loans are loans on which the interest is paid first and the borrower receives the proceeds A+
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What is health care financial abuse?
When a patient receives medical services and does not pay the medical bill.
What is a financial accounting record that is maintained for each patient who receives proffessional services?
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Is this statement a hypothesis or theory the rate that grass grows is related to the amount of light it receives?
probably hypothesis.
What financial Counseling can the Next Of Kin Receives Through The department of?
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Which of the following statements about idividually billed account are true?
The cardholder receives the billing statement directly from the GTCC vendor at the address provided on the card application. It is the cardholders responsibility to notify the APC and the GTCC vendor of changes in contact information. In order to obtain a travel card, an applicant needs to first apply for an IBA
Which of the following statements about a individual billed account are true?
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What best describes what will most likely happen when an individual receives a vaccination containing a weakened pathogen?
We don't have your statements so can't answer your question.
Statement about installment loans is not true?
Installment loans are loans on which the interest is paid first and the borrower receives the proceeds.
