True statements about Anna's balance sheet are:
- Anna will need to find the total value of her jewelry and bank account.
- The period of the balance sheet will be one year.
- Anna will add the value of the assets and subtract the value of the liabilities.
<h3>What goes into the Balance Sheet?</h3>
The balance sheet includes the totals of assets which includes Anna's jewelry and the cash in her bank account. She will then add the value of these assets and subtract the liabilities to find the Net Asset Value.
The period of the balance sheet will be a year because the Balance sheet shows the statement of one's financial position over a year.
Find out more on Balance sheets at brainly.com/question/1113933.
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Not trying to be rude but that’s too much for too little amount of points
That’s technically an entire book page of reading
Answer:
The firm's cash flow to creditors during 2018 was –$85,000
Explanation:
The firms cash flow to creditors would be calculating by substracting the interest expense of the firm to the long-term debt taken during the period.
Cash flow to creditors = Interest expense – Net new LTD borrowing
Cash flow to creditors = Interest expense – (LTDend – LTDbeg)
Cash flow to creditors = $255,000 – ($2,210,000 – 1,870,000)
Cash flow to creditors = –$85,000