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pickupchik [31]
3 years ago
14

The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, while the

income statement measures the firm's financial position at a point in time. True False
Business
1 answer:
ValentinkaMS [17]3 years ago
7 0

Answer:

The given statement is <u>False.</u>

A balance sheet is often described as a "snapshot of a company's financial condition.

You might be interested in
Why does a country need to have a comparative advantage in a particular product in order to engage in trade with another country
harkovskaia [24]

Answer:

Countries have a comparative advantage in production when they can produce a good or service at a lower opportunity cost than other producers.

5 0
2 years ago
How much time will be needed for 35,000 to grow to 44,622.09 if deposited at 7% compounded quarterly
Vlad [161]

Answer:

It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.

Explanation:

Giving the following information:

PV= 35,000

FV= 44,622.09

i= 0.07/4= 0.0175

We need to calculate the number of quarters required to reach the objective. We will use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(44,622.09/35,000) / ln(1.0175)

n= 14

It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.

8 0
3 years ago
Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goe
andre [41]

Answer:

the gourmet food that he was fed was poorly prepared

Explanation:

Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.

They must have proof that the person did the crime and also are only able to hold him for a reasonable time.

In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.

Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.

There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health

8 0
2 years ago
Specalized accounting field ​
coldgirl [10]

Answer:

Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below:

Financial accounting. ...

Public accounting. ...

Government accounting. ...

Forensic accounting. ...

Management accounting. ...

Tax accounting. ...

Internal auditing.

hope my ans helps

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have a good day

7 0
2 years ago
Caramel Corporation has 5,000 shares of stock outstanding.
Jet001 [13]

<u>Answer and Explanation:</u>

Caramel Corporation outstanding share are 5000

Caramel Corporation distributes $145,000 in an exchange for 1000 number of shares in a qualifying stock redemption.

Given : caramel Corportaion has E&P of around $300,000.

E&P attributable to 1000 number of shares = 300000 * 1000 / 5000=\$ 60,000

Therefore, the consequence of this redemption are $60,000 charge to E&P and reduction in caramel Corporation paid-in capital account is $85000 ($145000 subtract $60000)

4 0
3 years ago
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