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kotegsom [21]
2 years ago
6

What are the purposes of (b) the balance sheet

Business
1 answer:
Vinvika [58]2 years ago
5 0

The balance sheet of a company provides important information on the assets owned by the company, its liabilities, and the shareholder’s equity. They are essentially financial statements that outline the financial condition and history of a company.

Balance sheets have various purposes. They help stakeholders to assess and evaluate the business, and take important decisions that promote their interests.

The management may use it to strategize and chart out future plans to cut costs, invest and expand in certain areas, etc. Investors use it to decide whether or not to pour money into the company. Lenders evaluate the credit worthiness of the company, and decide on forwarding loans to it.

To learn more about balance sheets  : brainly.com/question/19552006

#SPJ4

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Which skill do you feel is the most important? Why? (2-4 sentences)
Zanzabum

Answer:I do not think there is a subject less important than another.

Explanation: I say this because its true, and that you need to know math to have a job. You ned to know how to read so you can know what to type. And you need to know science because its amazballs!!

4 0
3 years ago
Task identity refers to: Group of answer choices the degree to which a job entails a variety of different activities, requiring
SVETLANKA909090 [29]

Answer:

the degree to which a job requires completion of an identifiable piece of work with a visible outcome.

Explanation:

According to the  Job Characteristics Model by Hackman and Oldham (1980), jobs have 5 important characteristics

<h3>The characteristics include : </h3>

1. Task identity : It involves an employee carrying out a job function from the beginning to the end rather than in bits and pieces. It involves the the degree to which a job requires completion of an identifiable piece of work with a visible outcome. Job satisfaction is higher when an employee is about to complete the whole task and not just a part of the task.

2. Task significance : the degree to which a job done impact the lives of people. They can include individuals in the organisation or in the society

3. Autonomy : the degree to which a job provides independence and discretion to an individual in scheduling the work and determining the procedures to use.

4. Feedback : the degree to which an employee receives report on the work or functions carried out in the organisation

5. Skill variety : the degree to which a job entails a variety of different activities, requiring the use of different skills and talents

4 0
3 years ago
Pharoah Company purchased $2600000 of 8%, 5-year bonds from Sheridan, Inc. on January 1, 2021, with interest payable on July 1 a
kobusy [5.1K]

Answer:

$75,260

Explanation:

Calculation for What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity

Using this formula

Comprehensive income/separate component of stockholders' equity=Fair value-(Sales of bonds-July 1, 2021 Amortized premiums-December 31, 2021 Amortized premiums)

Let plug in the formula

Comprehensive income/separate component of stockholders' equity=$2,780,000 - ($2,724,740 - $9,820 - $10,180)

Comprehensive income/separate component of stockholders' equity=$2,780,000-$2,704,740

Comprehensive income/separate component of stockholders' equity= $75,260

Therefore What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity is $75,260

8 0
3 years ago
Which of the following is a true statement about a request for a change in accounting method?A. Some requests are automatically
fiasKO [112]

Answer: (E) All of these options are true

Explanation:

  The change in the accounting method is the process of changing the overall plan of the accounting in terms of gross income and the cash deduction. It is also change the material item in terms of treatment.

 The form 3115 is one of the application that required in the accounting method. This application is filed with the proper request to the IRS to change the accounting method. The IRS basically provide the automatic procedure for obtain the automatic consent for changing the method.

Therefore, Option (E) is correct.

 

6 0
3 years ago
In 2017, Orear Manufacturing signed a contract with a supplier to purchase raw materials in 2018 for $700,000. Before the Decemb
Triss [41]

Answer:

d) as a current liability.

Explanation:

As in the given instance, the value of transaction is also known, further since the contract s signed the company has liability to buy the goods and accordingly the company has to incur such payment.

Since there will be an purchase for which payment will be made in future.

Therefore, this will give rise to current liability, although value of goods has decreased but still, there is a liability of payment.

5 0
3 years ago
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