Financial Statements

NOT being sarcastic... The title of any accounting report is designed to be easily interpreted, so.... it shows the changes between the beginning and ending owner's equity for the period of time covered. You usually use this report in conjunction with an Income Statement and Balance Sheet.

The key to the answer here is to consider what must be forecasted (independent demand), and given the forecast, what demands are thereby created for items to meet the forecasts (dependent demand).

In a McDonald's, independent demand is the demand for various items offered for sale-Big Macs, fries, etc. The demand for Egg McMuffins, for example, needs to be forecasted. Given the forecast, then, the demand for the number of eggs, cheese, Canadian bacon, muffins, and containers can then be computed based on the amount needed for each Egg McMuffin.

The manufacturer of copiers is integrated, i.e., the parts, components, etc. are produced internally. The demand for the number of copiers is independent (must be forecasted). Given the forecast, the Bill of Materials is exploded to determine the amounts of raw materials, components, parts, etc. that are needed.

The pharmaceutical supply company is an extreme case where only end items are carried and nothing is produced internally. The bill of materials is the end item and, therefore, the independent demand (forecasted from customers) is the same as the dependent demand. One might attempt to consider that when the demand for items occurs together, that this is similar to a bill of materials. However, this is not a bill of materials, but rather a causal relationship making it easier to forecast.

No need to pass any Entry Because u need not to pay any amount in respect of such Shares,Just increase the no. of Shares. Ok SONU BHOJWANI No need to pass any Entry Because u need not to pay any amount in respect of such Shares,Just increase the no. of Shares. Ok SONU BHOJWANI

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An accountant can have several different functions within a company. They are responsible for tracking the money that goes out and comes into the company and also may figure and write the employees paychecks.

net Accounts Receivable will be overstated.

The Drawings account is not an expense account. It is a contra equity account. Therefore, it appears on the balance sheet.

how can we increase the general reserve

you mean assets dont you lol

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Double vision (diplopia), moving or blurred vision due to nystagmus (involuntary rapid movements of the eyes), reduced visual acuity, reduced visual field.

The form of the balance sheet in which assets, liabilities, and stockholders' equity are presented in a downward sequence is called the report form.

furniture, fixtures or other equipment that are have no permanent connection to the structure of a building or utilities. These items depreciate substantially but definitely are important costs to consider when valuing a company.

the people who are interested in the business financial statement are :

-- the BIR

-- the business's prospective investors

-- the management

-- the owner of the company/business

hope this answer helps you

Dividend payments are certainly not guaranteed as we saw in 2009, when hundreds of companies reduced and even eliminated their dividends to investors. Dividends come from net income of a company less...No, corporations are not required to pay dividends on their stocks. However, some mutual funds are designed to only invest in dividend-paying stocks, so some corporations pay a miniscule dividend in...Yes. Equity consists of paid-in capital (received from the shareholders when they bought their shares) and retained earnings. Retained earnings are all past earnings that the company made and did not.

http://www.investopedia.com/terms/s/standalone_profit.asp What Does Standalone Profit Mean? The profit associated with the operation of a single project or division of a firm. When measuring standalone profit, values are only included if they are directly generated from the activities of the project or firm. Investopedia explains Standalone Profit... Standalone profits offer a method of valuing subsets of a business or the independent value of a project. It looks at the self-contained earning power of an entity by incorporating revenues and costs directly associated with the unit. This method determines the profit of a company as if it were made up of a series of completely independent operations.

D. No financial statement. Income summary is only used at the end of the period and is the account with no balance.

Concurrent audit is a systematic and timely examination of financial trascation on a regular basis to ensure accuracy, compliance with procedure and guidelines.

Asset Account (debit)

Unrealized Gain/Loss on Investment (credit)

This journal entry is increasing your asset but at the same time putting the funds it has been increased into a "holding" account until the gains/losses can be realized. When the asset matures or sells you make an entry to realize the gain/loss which have now become taxable income.

Unrealized Gain/Loss on Investment (debit)

Interest Income; Realized Gain/Loss (credit)

You will also need an JE to account for what is happening with the asset.

Cash (debit) (unless you are going to roll over the asset. If that's the case keep amount rolling over in asset account.)

Asset Account (credit)

declaration of a stock dividend

provide sample accountant accompanying notes to consolidated financial statements

Balance Sheet - Gives a snapshot of what a company owns and owes Income Statement - Shows how and from where a company has earned money (or assets in general) over a given time period Cash Flow - Shows the flow of cash (both in and out) over a given time period

Stockholders Equity is increase by profits and the issuance of new stock. Stockholders Equity is reduced by losses, the payment of dividends and the purchase of Treasury Stock (the company's re-purchase of its own stock).