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belka [17]
3 years ago
8

Which of the following statements is CORRECT? a. Prior to the Enron scandal in the early 2000s, companies would put verbal infor

mation in their annual reports along with the financial statements. That verbal information was often misleading, so today annual reports can contain only quantitative information—audited financial statements. b. The annual report is an internal document prepared by a firm's managers solely for the use of its creditors/lenders. c. Assets other than cash are expected to produce cash over time, and the amounts of cash they eventually produce should be exactly the same as the amounts at which the assets are carried on the books. d. The primary reason the annual report is important in finance is that it is used by investors when they form expectations about the firm's future earnings and dividends and the riskiness of those cash flows. e. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity.
Business
1 answer:
Stels [109]3 years ago
7 0
It is that because it’s just that
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Sam closed the doors to her home-based consulting company only two years after opening because she was tired of working 80-hour
blondinia [14]

Answer:

There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.

Explanation:

There are many advantages to opening a new business. When you are an entrepreneur it is easy to get lost in all the benefits and don't pay attention to many os its disadvantages.

A big disadvantage is that you are always at work, you are working everywhere at all times. There are no off days, if you’re not working, then you’re not earning. You don’t need to be engaged 24/7 to have a chance at success in the world of entrepreneurship, but you will be working a lot more often.

Most people who find success in the world of entrepreneurship are working longer, harder days than the average “traditional” employee. You do have some flexibility when putting in those hours, so you can structure medical appointments, school visits, and other family needs within your day. You do not have the luxury of cutting back on your hours most days.

There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.

3 0
3 years ago
Real property taxes are often assessed on the value of the property at the beginning of the year. when property is sold in the m
sergejj [24]

When property is sold in the middle of year, both the buyer and seller can deduct their pro rated portion of the property tax.

The property taxes are based on the assessed value of the property. So when the property tax is pro rated at the time of the transfer, both the buyer and seller can deduct their pro rated portion of the property tax.

Buyer and seller prorations are often applied during real estate closing transactions to divide the cost of expenses like property taxes. Thus, the buyer gets a deduction for the prorated amount of property tax due after closing, and the seller gets the same deduction for the taxes.

Hence, both the buyer and seller receives the deduction for the real property tax.

To learn more about property tax here:

brainly.com/question/15227817

#SPJ4

6 0
1 year ago
In three to four sentences, explain how an increase in government spending can increase the national debt.
IgorLugansk [536]
If the government spends more money, but doesn't increase taxes, they have to borrow money from other countries in order to spend it. If we borrow money from other countries, then our country owes their country. When we owe something, that is called debt.
4 0
3 years ago
Read 2 more answers
Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2016, and charged the $4,320 premium t
Sati [7]

Answer:

Prepaid insurance.......Dr 3,420

To Insurance expense 3,420

(being only 5 months of expenditure to be charged current year and rest to be show as prepaid expenditure)

Explanation:

6 0
3 years ago
Mistine is a direct selling cosmetics firm based in Thailand. Originally, it made a name for itself selling an affordable produc
spayn [35]
I’m fighting this out for you
5 0
3 years ago
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