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tester [92]
1 year ago
8

General-purpose financial statements are the product of:____.

Business
1 answer:
Neko [114]1 year ago
5 0

General-purpose financial statements are the product of: <u>both financial and managerial accounting.</u>

<u />

<h3>What is the definition of general purpose financial statements?</h3>

The general definition of financial statements is to provide information about the effects of operations, financial position, and cash flows of an organization. This information is employed by the readers of financial statements to make judgments regarding the allocation of resources.

<h3>What are the three general objective financial statements?</h3>

The balance sheet, income statement, and cash flow information each offer unique pieces with information that is all connected. Together the three statements give a comprehensive portrait of the company's working activities.

To learn more about financial position, refer

brainly.com/question/28343240

#SPJ4

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The following transactions occurred last year at Jogger Corporation: Issuance of shares of the company's own common stock $ 110,
Nata [24]

Answer:

b. $7,000

Explanation:

Statement of Cash-flow from Financing activities

Particulars                                                 Amount

Issue common Stock                                $110,000

Dividend paid                                           -$3,000

Retirement of bonds payable                 -<u>$100,000</u>

Net cash flow from financing activities <u>$7,000   </u>

4 0
2 years ago
What motivates high school students to join professional organizations?
shtirl [24]
Skill development, more opportunities 
4 0
3 years ago
What will having the right skills do for you?​
Alexxx [7]

Answer:

having the right skills will increase your knowledge and it will help you increase your chances of making your business and be the boss not the worker and you could help inspire people when you do have a business with your skills

Explanation:

4 0
2 years ago
Match each description to the trait it relates to.
Elena-2011 [213]

Answer:

A : 4

B : 3

C : 2

D : 1

Explanation:

plato

5 0
2 years ago
Grecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at LIBOR plus a lending margin of 1.25 percent per annum on a
shtirl [24]

Answer: 92812.50

Explanation:

The following information can be derived from the question:

Loan principal = $1,500,000

LIBOR for 1st 6 months = 4.50%

LIBOR for last 6 months = 5.375%

Lending margin per annum = 1.25%

The interest will then be:

= 1,500,000 × [(4.50% + 1.25%)/2] + 1,500,000 × [(5.375% + 1.25%)/2]

= 1,500,000 × [(0.045 + 0.0125)/2] + 1,500,000 × [(0.05375 + 0.0125)/2]

= 92,812.50

Therefore, the interest is 92812.50.

8 0
2 years ago
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