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IgorLugansk [536]
3 years ago
5

Four financial statements are usually prepared for a business. The statement of cash flows is usually prepared last. The stateme

nt of owner's equity (OE), the balance sheet (B), and the income statement (I) are prepared in a certain order to obtain information needed for the next statement. In what order are these three statements prepared?
Business
1 answer:
Bezzdna [24]3 years ago
6 0

Answer:

1. Income statement

2. Statement of owner equity

3. Balance sheet

Explanation:

As we know that financial statements are very important for any type of business. But the sequence of the financial statements is more important.  

In the given question, the cash flow statement is prepared last but before that, we have to make three statements more

1. Income statement: This statement tells about the net income or net loss of the company

2. Statement of owner equity: It tell the ending balance of the owner equity which will show in the balance sheet

3. Balance sheet: At last, the balance sheet is prepared which includes assets, liabilities, and shareholder's equity.

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MOSS COMPANY Selected Balance Sheet Information December 31, 2018 and 2017 2018 2017 Current assets Cash $ 90,650 $ 32,800 Accou
Andru [333]

Answer:

 $65,250

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $5,000

Adjustment made:

Add : Depreciation expense $48,000

Add: Decrease in accounts receivable $13,000 ($31,000 - $44,000)

Less: Increase in inventory -$10,700 ($66,000 - $55,300)

Add: Increase in accounts payable $10,700 ($42,400 - $31,700)

Less: Decrease in income tax payable-$750  ($2,650 - $3,400)

Total of Adjustments $60,250

Net Cash flow from Operating activities                       $65,250

8 0
3 years ago
HELP ME PLEASE************
ratelena [41]

Answer:

The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.

Explanation:

It is just plain facts!!!

6 0
3 years ago
Read 2 more answers
Sally is in the new marketing department of a midsized lawn and garden company. She is working on the first marketing plan the f
Alisiya [41]

Answer:

D)

Explanation:

D) identify and evaluate opportunities by conducting segmentation, targeting, and opositioning analysis.

5 0
3 years ago
In what way does the IDP promote an integrated approach to the planning of municipal service delivery for development
allochka39001 [22]

Integrated Development Planning is primarily based on community desires and priorities. Communities have the opportunity to take part in figuring out their maximum critical needs.

<h3>What is municipal included Development Planning?</h3>

An Integrated Development Plan is a notable plan for a place that offers a normal framework for improvement.

It targets to coordinate the activities of the neighborhood and different spheres of presidency in a coherent plan to improve the quality of life for all of the human beings dwelling in a place.

Thus, the IDP system encourages all stakeholders who are living and behavior enterprises inside a municipal location to take part withinside the training and implementation of the improvement plan.

learn more about  Integrated Development Plan here:

brainly.com/question/988326

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4 0
2 years ago
You are a consulting firm intern and your job is to help a client choose investment projects. Your client, RealEstate, is a youn
steposvetlana [31]

Answer:

(f)None

Explanation:

Pay back period is the no of years in which cost of investment is recovered in the form of cash flow.

Project with cash back period of two years is acceptable .

Project 1

initial outlay of fund = 100 million dollar

cash flow in first two years = 50+50 = 100 million dollar

so it is acceptable because it recovers the project cost in first two years .

Project 2

initial outlay of fund = 80 million dollar

cash flow in first two years = 40+45 = 95

so it is acceptable because it recovers the project cost in first two years .

Project 3

initial outlay of fund = 70 million dollar

cash flow in first two years = 30+40 = 70

so it is acceptable because it recovers the project cost in first two years .

Project 4

initial outlay of fund = 60 million dollar

cash flow in first two years = 30+40 = 70

so it is acceptable because it recovers the project cost in first two years .

Project 5

initial outlay of fund = 50 million dollar

cash flow in first two years = 30+25 = 55

so it is acceptable because it recovers the project cost in first two years .

So none will be rejected

8 0
3 years ago
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