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What else can I help you with?
Which basic assumption is illustrated when a firm reports financial results on an annual basis?
Periodicity assumption.
How long bankrupcy stays in records?
Bankruptcy typically remains on your credit report for up to 10 years, depending on the type of bankruptcy filed. Chapter 7 bankruptcy stays for 10 years, while Chapter 13 bankruptcy usually remains for 7 years. However, it may be removed earlier in some cases if errors are found or if you successfully dispute it. Additionally, while it affects credit reports for a significant period, the impact on your financial life may lessen over time with responsible financial behavior.
What are financial reports that summarize the financial condition and operations of a business?
Financial statements are financial reports which summarize the financial condition and operations of a business. Included in a financial statement are a balance sheet, income statement, and also a cash flow statement.
Who uses summary reports of the financial activities of a business?
Accountants and financial directors
What financial statement reports an organization's financial position at a point in time?
Balance Sheet
Which basic assumption is illustrated when a firm reports financial results on an annual basis?
Periodicity assumption.
If you have lost all your financial records how do you find out who you owe money to when you file bankruptcy?
Make a list of what you can renember, then pull copies of your credit reports.
Is Boston Market filing bankruptcy?
As of my last knowledge update in October 2023, Boston Market was not reported to be filing for bankruptcy. However, financial situations can change rapidly, so it's advisable to check the latest news sources or financial reports for the most current information on the company's status.
Is thomasville furniture in bankruptcy?
As of my last update in October 2023, Thomasville Furniture was not in bankruptcy. However, the company has undergone several changes and ownership transitions over the years, which can impact its financial status. For the most current information, it’s advisable to check recent news sources or financial reports.
What is the difference between general purpose financial reports and special purpose financial reports?
General purpose financial reports are a common set of reports issued by most companies. Special purpose financial reports are specific reports related to individual events.
What is the Financial reports of San Miguel corporation?
What is the Financial reports of San Miguel corporation?
Did Dillard's file for bankruptcy?
As of my last update in October 2023, Dillard's had not filed for bankruptcy. The company has maintained its operations and continues to be a prominent department store chain in the United States. For the most current information, it's advisable to check recent news sources or financial reports.
When you file chapter 7 bankruptcy do they check your credit reports?
yes, it will remain on your credit reports for 7 years
Has terminix filed for bankruptcy?
As of my last update in October 2023, Terminix has not filed for bankruptcy. The company has faced challenges in the pest control industry but has continued to operate and manage its business. For the latest and most accurate information, it's advisable to check recent news sources or financial reports.
Did Jim Walter resources recently file for bankruptcy?
As of my last update in October 2023, Jim Walter Resources had filed for bankruptcy in 2018. However, I do not have information on any recent developments or filings after that date. For the latest updates, I recommend checking recent news sources or financial reports.
What is the advantage and disadvantage financial management?
Advantages: it allows you to have cash when that cash is required (helping prevent bankruptcy) and helps you understand the profitability of the business Disadvantages: Financial reports are like the tail on a dog: at best they point to where the dog/company has been. They are no substitute for vision or leadership.
Which companies release financial reports?
All companies listed on the stock exchange are required to release annual financial reports to the public. All major companies such as Microsoft, Sony and Apple release financial reports.
