Capital is shown in the balance sheet of the organization under liabilities and owner equity section.
Value of Inventory is an asset on the balance sheet.
Revenues are reported on the income statement in the period in which they are earned.
balance sheet is linked to financial statements as both statement are prepared for business authenticity, and are also link to each other because it is government requirements.
Accumulated Depreciation is reported on the balance sheetbecause it deals with the assets. However, depreciation expense is mentioned on the income statement.
Accumulated Depreciation is reported on the balance sheetbecause it deals with the assets. However, depreciation expense is mentioned on the income statement.
How do you reported unearned janitorial revenue in the financial statements
Value of Inventory is an asset on the balance sheet.
A personal financial form is a formal record of all the financial activities completed by that entity, whether a business, or an individual. Reported assets, liabilities, equity, income and expenses are directly related to an entity's financial position, and a financial statement should present this clearly.
Maintence Expense is just like any other expense and will be reported on the income statement and deducted from Gross Income to obtain Net Income...
Nonconsolidated subsidiaries are expected to be relatively rare. In those situations where a subsidiary is not consolidated, the investment in the subsidiary should be reported in the consolidated statement of financial position at cost, along with other long-term investments.
The three differences in financial statements for different forms of organization are:Sole proprietorship equity belongs to one owner. Partnership's equity belongs to the partners. Corporation's equity belongs to the shareholders.Distributions of cash or other assets to owners of a proprietorship or partnership are referred to as withdrawals. For a corporation, this are called dividends.Since the owner of a proprietorship is also the manager, no salary expense is reported on the income statement. The same goes for partnerships. With corporations, though, salaries paid to all employees, including the managers who are shareholders, are reported as expenses.
Cash flow per Share is sometimes reported in the financial press. It is not to be reported on the financial statements.
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)
An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.
Revenues are reported on the income statement in the period in which they are earned.
balance sheet is linked to financial statements as both statement are prepared for business authenticity, and are also link to each other because it is government requirements.
example of mean, median and mode that are reported in a health care organization