1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yuradex [85]
3 years ago
6

Accounting practice in the United States follows the generally accepted accounting principles (GAAP) developed by the Financial

Accounting Standards Board (FASB), which is a nongovernmental, professional standards body that monitors accounting practices and evaluates controversial issues. The Securities and Exchange Commission (SEC) requires all publicly traded companies to periodically report their financial information.
A publicly held corporation must publish an annual report that contains the balance sheet, income statement, statement of cash flows, statement of retained earnings, and other financial information for analysis.

The following descriptions of the major financial statements and reports that a firm publishes. Identify the correct statement or report for each description.

Description :

a. Is required by the SEC and includes the audited document that shows the company's financial results for the past year and management's discussion about the future outlook and plans
b. Gives details about the firm's sales, costs, and profits for the past accounting period
c. Details changes in the capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earings.
d. Provides details about the flow of funds from operating, investing, and financing activities.
e. Summarizes a company's assets, liabilities, and stockholders' equity at a specific point in time.
Business
1 answer:
sveticcg [70]3 years ago
4 0

Answer: a. Annual Report

b. Income statement

c. Statement of Shareholder Equity.

d. Cashflow Statement

e. Balance Sheet.

Explanation:

The Annual Report is a comprehensive report that aims to show stakeholders including the SEC what the company has been up to in the previous year. It analyzes the business's financial report and also the strategic goals of the business as well.

The Income Statement lets stakeholders know how the company's business transactions went for the previous period. It shows how much goods and services were sold as well as the expenses involved.

The Statement of Shareholder Equity aims to show how the business's dealings during the year have impacted the ownership of the company. It shows the Capital and the Retained Earnings.

The Cashflow Statement aims to show just how much actual cash that the business has. To do so it usually divides the cash transactions into Operating, Investing, and Financing activities.

The Balance Sheet summarizes the components of the Accounting Equation which includes Assets, Liabilities and Equity. This way a person can see at a glance how the business operates.

You might be interested in
One year ago, ABC Widgets, Inc., funded an expansion to its manufacturing facilities by issuing a 20-year first mortgage bond. T
MA_775_DIABLO [31]

Answer:

Current yield = 0.05238 or 5.238% rounded off to 5.24%

option B is the correct answer

Explanation:

The current yield is the return on investment in form of interest or dividend expressed as a percentage of the current market value of the instrument. Thus the formula for current yield on a bond will be,

Current yield = Interest per year / Current market price

Assuming that the value of bond is 100. The interest or coupon payment on bond will be = 100 * 5.5% = $5.5 per annum

Current yield = 5.5 / 105 = 0.05238 or 5.238% rounded off to 5.24%

5 0
3 years ago
Which of the following is the appropriate rank of sectors (from lowest to highest percentage) of the U.S. Gross Domestic Product
Brilliant_brown [7]

Answer:

B). Agriculture, Industry, Services.

Explanation:

The United States is a highly developed country owning a mixed economy. Its GDP and net wealth makes it the largest economy of the world. The economy of the United States in divided into three major sectors i.e. Agriculture or the primary sector, the Industrial sector, and the service sector. The service sector contributes most to the US economy with 68% of its contribution. The primary sector contributes 5.4% to the GDP and the industry with 26.6% of its contribution to the development of U.S. economy. Thus, <u>option B</u> is the correct answer.

6 0
3 years ago
Explain how firms that compete in the four different market structures determine profitability.
WITCHER [35]

The four different market structures determine profitability.

perfect competition, monopolistic competition, oligopoly, and monopoly.

Profitability is a measure of an organization's profit relative to its costs. A more efficient organization earns higher profit margins than an inefficient organization that must spend more to achieve the same profit.

Profitability is measured in terms of income and expenses. Income is the money generated by a company's activities. For example, if you produce and sell crops or livestock, income will be generated. However, the money that flows into the business, such as borrowing money, is not income.

The accounting definition of profitability is when a company's total revenue exceeds its total expenses. This number is called net income, or income minus expenses, according to Iowa State University. Revenue is the total income generated by the company.

Learn more about Profitability brainly.com/question/27911836

#SPJ4

4 0
1 year ago
Evaluate the importance of each major step in policy analysis as it relates to political choice. Next, debate if one would consi
Anuta_ua [19.1K]

Explanation:

Policy planning is extremely important for the set of rules, rules and procedures to assist the decision-making process and direct the operations of any government, institution or organization.

The implementation stage, on the other hand, corresponds to the actions that will determine whether policies, plans and goals will be achieved as defined in the planning stage.

After implementation, an evaluation is necessary to resolve problems and gaps found to achieve the objectives, in order to constitute the continuous improvement of strategic plans.

One stage of policy analysis cannot be considered more important than another, as each is codependent of the other to be effective, and paid-in will help the best direction to better meet and satisfy public needs.

4 0
3 years ago
Notes move in different directions. what refers to the movement of notes​
Rasek [7]

Answer:

Melodic motion is the quality of movement of a melody, including nearness or farness of successive pitches or notes in a melody. This may be described as conjunct or disjunct, stepwise, skipwise or no movement, respectively.

6 0
2 years ago
Other questions:
  • Why is money everything? Why is money kore important than life itself? Why does koney control you? Money is scary.
    11·1 answer
  • A company that uses the allowance​ method, writesminusoff a receivable of $ 6 comma 000. Prior to the journal​ entry, the credit
    8·1 answer
  • An investment will pay $202,000 at the end of next year for an investment of $182,000 at the start of the year. If the market in
    8·1 answer
  •  As you track your progress, you'll act, observe, adjust, and then 
    5·2 answers
  • Assume the economy is at full employment but planned investment exceeds saving. Other things being equal, what fiscal policy act
    6·1 answer
  • As the U.S. dollar appreciates against foreign currencies, the U.S. ____________ curve shifts _____________ resulting in a(n) __
    5·1 answer
  • Wilturner Company incurs $90,000 of labor related directly to the product in the Assembly Department, $39,000 of labor related t
    5·1 answer
  • James Perkins wants to have a million dollars at retirement, which is 15 years away. He already has $200,000 in an IRA earning 8
    5·1 answer
  • QUESTION 1 of 10: You are considering leasing a store site that has 1,200 square feet. The landlord is asking for a rent of $65
    6·1 answer
  • A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the _____ distr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!