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2 years ago

Under the accrual basis of accounting:_________.

1 answer:

7 0

events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

Answer: Option C.

<u>Explanation:</u>

Accrual basis is a technique for recording bookkeeping exchanges for income when earned and costs when brought about. A key bit of leeway of the collection premise is that it matches incomes with related costs, so the total effect of a business exchange can be seen inside a solitary announcing period.

Accounting method that records incomes and costs when they are brought about, paying little heed to when money is traded. The expression "accrual" alludes to any individual section recording income or cost without a money exchange.

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Read 2 more answers

OHARA COMPANY

blondinia [14]

Answer:

Explanation:

From the given information, the ratio analysis for the year 2017 at OHARA Company can be computed as follows:

1. Working capital = Current (assets - liabilities)

Working capital = $458900 - $195500

Working capital = $263,400 (for 2017)

Given that the working capital for 2016 = $160,500

Thus, the % increase of 2017 over 2016 = 64.11% increase.

2. Current ratio = Current assets / Current liabilities

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Current ratio = 2.35 (for 2017)

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Thus, the % increase of 2017 over 2016 = 42.43% increase

3. Free cash flows = Operating cash flows - Capital expenditure - dividends

Free cash flows = $190800 - $92000 - $31000

Free cash flows = $67,800

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$Debt to assets ratio = \dfrac{Total \ debt} { total \ assets}$

Debt to assets ratio = 395,500/10,34,200

Debt to assets ratio = 38.24%

Given that the debt to assets ratio for 2016 = 31%

Thus, the % increase of 2017 over 2016 = 23.35%

Earnings per share = $\dfrac{earnings \ available \ to \ equity \ shares}{weighted \ a verage \ equity \ shares}$

Earnings per share = $\dfrac{153100}{50000}$

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Given that the earnings per share = $3.15

Thus, the % decrease of 2017 over 2016 = 2.86%

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