Answer:
A detailed list of the accounts that make up the five financial statement elements.
Explanation:
The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.
The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).
Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).
The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.
Tony has been able to gain the interest of his audience for his presentation by relating the topic to the audience.
<h3>What method did Tony use to gain attention?</h3>
It is a fact that people would be more likely to listen to you if what you're telling them affects them directly.
Tony took advantage of this by talking about how his presentation affects the property value of his audience which led to them being more attentive.
Find out more on methods of capturing audience attention at brainly.com/question/13161776.
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Answer:
where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see.
Explanation:
Answer:
A high degree of financial flexibility.
Explanation:
A company with a high degree of financial flexibility is better able to survive bad times, to recover from unexpected setbacks, and to take advantage of profitable and unexpected investment opportunities. Financial flexibility is purely an accounting term which is referred as an organization's capability to react to unforeseen circumstances and unexpected expenses. It is assessed by evaluating the organization's use of leverage and cash holdings. It is the capacity of an organization in reacting and adapting to changing financial circumstances.
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