Answer: You are trying to find out if the statement is true or false? It is FALSE.
Explanation: Analysts should be concerned with the material movements in the company's financial statements. Although as stated in the question, small changes could amount to material movement but that applies in situations where there is a huge outflow but at the same time, there is similar inflow, so the net effect is negligible on a particular financial statements line item. This instance is not relevant to financial analysts but only the concern of internal control and or internal audit.
Financial analysts are interested in what the key drivers of the financial statements are. These drivers in most cases are an avenue to explain what has transpired in the financials between the current period and the preceding one by way of writing a commentary and providing a succinct and holistic explanation of the financial statements.
It would be time consuming and too operational if analysts are concerned with every percentage movement in the financial statements.
Answer:
B. Debit insurance expense for $13,500 and credit prepaid insurance for $13,500.
Explanation:
If 6 months past from the beginning of the contract then these past 6 months must be reflected as expenses in the balances.
$13,500 reflect the expenses of the past 6 months from July 1 to December 31, then the entry Debit insurance expense for $13,500 and credit prepaid insurance for $13,500 reflect the proper balances at the end of the year.
Answer:
if you eat yourself, still you are swallowing your own body mass so u wont' disappear or get big, you'll just change in shape. but will have the same weight and mass!
Nope, only 36 weeks since twins are conceived and born together!
Nope, i thinks thuderstorms invented n a s a!
You can't do that to the ice cube out because your body had absorbed the water in it after melting it down.
if you don't look like your parents at all, tell them u are adopted!!
No, they have Short vision! :P
Yeah.... I had crush on Ariel, Snow white and Sleeping Beauty!
Explanation:
<span>Credit cannot be denied based on unrelated factors.</span>
