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
Tcecarenko [31]
3 years ago
14

The time dimension is important in financial statement analysis. The balance sheet shows the firm's financial position at a give

n point in time, the income statement shows results over a period of time, and the statement of cash flows reflects changes in the firm's accounts over that period of time.True / False.
Business
1 answer:
mafiozo [28]3 years ago
7 0

Answer:

True

Explanation:

Financial statement of an organisation consist of the Income statement, Balance sheet and the statement of cash flow.

The income statement shows the total revenue and expenditure of firm during a period (i.e, during a trading year). Income statement usually is prepared to show the gross profit and net profit of the business during a trading period.

On the other hand, The balance sheet of a firm shows the financial position of the firm as at a particular period of time. It show the owner's equity, the asset and the liabilities of the business as at a particular date.

However, the cash flow statement shows the inflow  and outflow of cash in and out of the business. it shows the net change in cash resulting from the operation, investment and other financial activities of  the firm during a period of time.

Hence, we can conclude that the main quality of a financial statement is  that it must be timely (i.e should be available immediately at the end of the financial year for it to be useful because when delayed, it become useless.

You might be interested in
Which of the following is applicable to the Nasdaq PHLX?a. Regional exchange operated by NASDAQb. Offers trading in equity secur
blondinia [14]

Answer: a. Regional exchange operated by NASDAQ

b. Offers trading in equity securities and options contract.

Explanation:

Out of the options given, the correct answers are a and b. The options that are applicable to Nasdaq PHLX are:

Regional exchange operated by NASDAQ

b. Offers trading in equity securities and options contract.

It should be noted that the PHLX is simply a regional exchange which is being monitored and managed by NASDAQ. Furthermore, the equity securities and options contract are being traded on floor and electronically.

4 0
3 years ago
If an economist wishes to determine whether there is evidence that mean family income in a community exceeds $50,000, a. either
nikklg [1K]

Answer:

b. a one-tail test should be utilized.

Explanation:

It can be said that the best way for the economist to make this determination would be to use a one-tail test. This is a statistical test in which the critical area of a distribution is one-sided, making it either exceed or fall short of a certain value, but not both as seen in the graph below. Which in this case, the certain value would be $50,000 and the information will be on either side. Thus showing the economist if the mean family income truly exceeds the $50,000

9 0
3 years ago
An editorial in the paper argues that a person only should be allowed to attend school if the marginal cost of educating that pe
Lady bird [3.3K]

Answer:

c

Explanation:

application of:

A. positive economics. B. negative economics. C. normative economics. D. economic naturalism.

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.  

For example, an increase in input would lead to a decrease in supply of the good is based on economic theory and facts. An increase in input would increase the cost of production and this would discourage sellers from producing.  

Normative economics is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small

7 0
3 years ago
You are now tasked with developing a research plan that would best support the research objectives you have just chosen. You con
lubasha [3.4K]

Answer:

a. Research the attitudes that men under 35 have towards eSports.

Explanation:

The research process involves detailed analysis and data collection from the people. Esport is gaining significance in the world but men may have different perspective towards the eSports. The eSport is virtual and there is no physical activity involved in the sports. Men may reject the eSport idea as the sport activity is to maintain their physical strength.

7 0
3 years ago
Which of the following societies are examples of traditional economies?a. US, Japan, Germanb. The Mbuti, Aborigines, Inuitsc. No
ra1l [238]

Answer:

b. The Mbuti, Aborigines, Inuits

Explanation:

A traditional economy is an economic model of little complexity, characterized basically by subsistence production. In this model, there are no firms, people produce little and exchange their surplus for the sole purpose of meeting their basic basic needs. There was no profit. The traditional economy can be considered the first known economic system, but to this day it can be observed in underdeveloped rural communities. The traditional economy was the initial model that gave support to the development of more complex models, such as the market economy that we live in today, a complex system in which there are companies and the production of goods and services in bulk for commercialization and profit.

3 0
3 years ago
Other questions:
  • Find x in this equation. Answer in the form of dollars and cents, such as $ 45.50 or $112.25. (1½ * $8.40) * 7 = x
    10·1 answer
  • Brenda wants to buy a new car and has a budget of $25,000. she has just found a magazine that assigns each car an index for styl
    10·1 answer
  • The investment interest expense deduction is limited to the taxpayer's net investment income.
    8·1 answer
  • At the East Haven Fire Department the stress of the situation, the dispatcher’s reaction to those situations, and the impact of
    7·1 answer
  • ABC had the following net income (loss) the first three years of operation: $7,000, ($1,600), and $3,600. If the Retained Earnin
    6·1 answer
  • Suppose there are five goods in the economy, A-E. The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E. Current-year
    11·1 answer
  • An ODM is similar to an OBM in that both _____. a. execute design blueprints provided by other firms b. exclude manufacturing in
    9·1 answer
  • Which of the statements below is FALSE? Most companies have the resident expertise to complete an initial public offering (IPO)
    7·1 answer
  • Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of
    11·1 answer
  • State two business situations where internal communication may be useful to you
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!