E. Objectional plan is the answer
Answer:
How much debt and equity has the firm issued to finance its assets?
Balance Sheet
How much cash is a firm generating through operating, investing, and financing activities?
Statement of Cash Flows
If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:_________.
Overstate its earnings
Explanation:
The statement of cash flows in the financial statements prepared by the accountant shows outgoing and incoming cash for the period and also the cash balance . Balance sheet also called statement of financial position reflects or shows the assets and liabilities of the company which are broken down to equities and debts in classifying capital sources
Senior management can overstate earnings if company's performance in the short-run is the basis for their earnings. This is because long-term performance of company is not considered and short run earnings of company is characterized by short-sightedness, inflated figures and inconsistencies in performance to maximize earnings
Answer: A. True because everything has happened has many effects for many different behaviors in people’s lives.
Answer:
Gain on bond redemption of $4,000.
Explanation:
Based on the information given The appropriate journal entry to record the retirement would include a GAIN ON BOND REDEMPTION of $4,000
Gain on bond redemption of $4,000
[$622,000-($600,000*1.03)]
($622,000-$618,000)
=$4,000
