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Financial Statements
A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an orderly manner and can be easily understood.
5,583 Questions
How do cash flow problems arise?
cash flow problem arise due to internal and external factors.
internal factors
internal factors relate to plicies of management relating to working capital components and future growth plan.
1.producton related policies.
What is the main objective of Accounting Standards?
A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an...
Why is it not a good idea to rely on your income statement to run your business?
The income statement deducts noncash expenses, such as depreciation, even when no cash is actually flowing out of the business.
LendingTree, LLC. has a business relationship with HomeLoan Center, Inc. dba LendingTree Loans ("LTL"). LtL is wholly-owned subsidiary of LendingTree,LLC .and is Independently Licensed as a mortgage lender and broker. Because of relationship this referral may provide LendingTree LLC. a financial or other benefit .
ALSO IN SAME FORM HEADING AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT [Form 50393L1 Rev 12/04
"I,Ramon A Saucedo , hear this , Lending tree inc is , in business of home title owner power grab along with MERS, a "holding" company or "holdings" corporation fraud rip off a trespassing on owner object title deed attacking the Principal
I paid off my home and this , Shall never happen in USA and property owner taken easy all the do file with local county send fee plus form and now you the owner they fire as owner replacing you no at count register verify or know what f**k they d..
the fact are clear countrywide send bills bank od america home loans bank of america trade name (r) , one they fill they treated as owner you as a person un they dont care no verifey if i
6875 paid for five months so one month rent = 6875/5 = 1375
General entry is as follows
November 1, 2008 [Debit] Prepaid Rent 6875
[Credit] Cash 6875
December 31, 2008 [Debit] Rent Expense 1375
[Credit]Prepaid Rent 1375
Can closing stock be credited to the trial balance?
Yes if the closing stock is given in trial balance it is shown in Assesst side of Balance Sheet, while if closing stock is given in'Adjustments' then it is shown in credit side of Trading a/c as well Asset side of balance sheet
What are the financial statements of business organization?
The profit and loss account, the cash flow account and the balance sheet
Which effect is least likely to be achieved by using sequence in a narrative?
It is important to know which financial statements are being referred to in order to know which include significant account estimates. Providing the statements would be helpful.
How do you decrease an asset and decrease owners equity?
Credit Decreases an Asset and Debit decreases Owners Equity.
A reason why a company reports a significant net income but may be burning huge amounts of cash?
Most companies use the accrual basis of accounting, which recognizes income when it is earned rather than when cash is received. A company could be entitled to a lot of money for services performed, but find itself unable to collect it due to delinquent accounts. If a company is unable to generate sufficient cash flow, it's going to go under pretty quickly no matter what sort of income its reporting.
What is the porpose of a company issuing stock?
Main purpose for issuing more stock is to get more cash to run the business and to invest in good opportunities or to fulfil the working capital requirements.
Independent projects are those which are not related or dependent on any other projects while in mutually exclusive projects if one project is selected other project automatically discards
What is the journal entry for Interest due but not received?
debit interest receivable
credit interest income
What financial statement shows the accounting value of a firm's equity as of a particular date?
A balance sheet shows the accounting value of a firm's equity as of a particular date.
Is depreciation a non operating expense?
28.04.2012
depreciation is part of operating expenses
Popoola
Why straight line is the most common depreciation method used?
every person can calculate depreciation easily
