The objective of general-purpose financial reporting in the conceptual framework is?

1 answer:

7 0

The objective of general-purpose financial reporting in the conceptual framework is to provide financial information about the entity to investors and lenders.

General-purpose financial reporting is the report that a business entity gives about its financial health, credit history, assets, etc. to present or prospective investors, lenders such as banks and financial institutions, to enable them to decide whether or not to provide loans to the entity or purchase shares in it.

The information may also be used by other entities such as credit analysts and stock market players. General-purpose financial statements may also include the income statement, balance sheet, record of cash flows, information about shareholder’s equity, and other disclosures.

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The following transactions occurred during July: Received $900 cash for services performed during July. Received $5,350 cash fro

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Answer:

$900

Explanation:

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

So, only $900 would be reported on the income statement as the other transaction reflect the financing activity

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Can Eskom raise extra capital for expansion

ololo11 [35]

It would be difficult to say that Eskom would be able to raise extra capital for their expansion.

<h3>Why Eskom cannot raise capital?</h3>

This is due to the fact that the business has been said to have two serious problems. One of these is that they have accumulated a lot of debt and they already have operating costs that are said to be too high.

This is why it cannot be said that they would be able to raise extra cash. According to the news, the business has gotten to the end of the road. This may mean that they are ab out to fold up.

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When a business has plants located in several foreign countries, it is called a(n)?

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