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What will the balance sheet heading specify?
period of time
Is the SCF dated in the title for a period of time similar to the income statement or for a point in time similar to the balance sheet?
The SCF is dated in the title for a period of time.
Which accounting statement refers to a specific date or moment and not a period of time?
Balance Sheet.
How does time period assumptions affect accountants analysis of accounting transactions?
because its affecting the time period concept and it also violates the GAAP. its affects because they have to record the things in balance sheet or income statement in the correct time period
Is operating expense on the balance sheet?
No. Revenues and Expenses over a given period of time are shown exclusively on the Income Statement.
What will the balance sheet heading specify?
period of time
Is the SCF dated in the title for a period of time similar to the income statement or for a point in time similar to the balance sheet?
The SCF is dated in the title for a period of time.
Which accounting statement refers to a specific date or moment and not a period of time?
Balance Sheet.
How does time period assumptions affect accountants analysis of accounting transactions?
because its affecting the time period concept and it also violates the GAAP. its affects because they have to record the things in balance sheet or income statement in the correct time period
Is operating expense on the balance sheet?
No. Revenues and Expenses over a given period of time are shown exclusively on the Income Statement.
What do you do when a girl is going to break up with you after you have dated for a few months?
That is a very short time period. Get back out there and start talking to girls again.
What is removing assets from balance sheet?
Removing assets means to write off the assets from business which are obsolete or fulfill its time period.
What is a primary source of governor macquarie?
A primary source is a source dated from the time period that the event or person occurred or lived. A primary source of Governor Macquarie would be anything from that time period that links back to his life. As for providing it, look for yourself.
A balance sheet is a list of the assets liabilities and owners equity of a business for a period of time True or False?
false, it is a summary of the three things
What does a balance sheet contain?
a balance sheet is a snapshot of an entity, i.e. it is information particular to a specific point in time as opposed to a report containing info over a period of time. for instance, a balance sheet will tell you the amount of your bank account balance, but it won't tell you how it got so low. with that said, a balance sheet simply contains a listing of your assets, liabilities/debts, and equity/net worth.
Is depreciation on balance sheet or income statement?
Depreciation on the income statement is the amount of depreciation expense that is appropriate for the period of time indicated in the heading of the income statement. The depreciation reported on the balance sheet is the accumulated or the cumulative total amount of depreciation that has been reported as expense on the income statement from the time the assets were acquired until the date of the balance sheet.Let’s illustrate the difference with an example. A company has only one depreciable asset that was acquired three years ago at a cost of $120,000. The asset is expected to have a useful life of 10 years and no salvage value. The company uses straight-line depreciation on its monthly financial statements. In the asset’s 36th month of service, the monthly income statement will report depreciation expense of $1,000. On the balance sheet dated as of the last day of the 36th month, accumulated depreciation will be reported as $36,000. In the 37th month, the income statement will report $1,000 of depreciation expense. At the end of the 37th month, the balance sheet will report accumulated depreciation of $37,000.
What is ancient Greece history?
It is basically a time period in the history of Greece ususally dated from 776BC which was the first Olympics and the closing of the Platonic Academy in 529 AD
