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4 years ago

Financial statements are reports on the financial performance of organizations. they provide data on

Business

1 answer:

gregori [183]4 years ago

8 0

Answer:

Financial statements are reports on the financial performance of organizations. They provide data on

a. The organization's profitability and goal achievement

b. Changes in the Cash flows and positions, according to activities

c. Financial position in terms of assets, liabilities, and stockholders' equity

Explanation:

The financial statements that provide the above data are the Income Statement, the Statement of Cash Flows, and the Balance Sheet. They are the main financial statements required by GAAP and investors who want to analyze the organization. In the case of governmental and non-profit making organizations, their income statement is known as a Statement of Revenue, Expenses, and Changes in Net Assets.

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The CAPM/SML and Discounted Cash Flow approaches to estimating the cost of retained earnings will be the same under which of the

ValentinkaMS [17]

Answer

(A) The company's common stock price is in equilibrium.

Explanation

The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does. Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders.

8 0

3 years ago

carly will be going to college in 3 years. she anticipates that she will need 12000 to pay for her first year. she currently has

r-ruslan [8.4K]

She would need a good 23000

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3 years ago

Moss County Bank agrees to lend the Allenson Brick Company $200,000 on January 1. Allenson Brick Company signs a $200,000, 6%, 9

horrorfan [7]

Answer:

The entry made by Allenson Brick Company on January 1 to record the proceeds and issuance of the note is

b. Cash 200,000

Notes Payable 200,000

Explanation:

At the moment the company receive the money it must reflect the movement with an entry to the balance sheets, which is , a debit entry to the Cash accounts by the amount received and a credit entry to Note Payable accounts reflecting the liabilities that the company will have from now.

The interest expenses are recorded at the moment of the interest are paid which is in 9 months from now.

3 0

4 years ago

Blue Spruce Corp. had the following transactions.

tatuchka [14]

Answer:

1. Dr Cash $10,300

Cr Land $8,240

Cr Gain on Sale of Land $2,060

2. Dr Cash $21,200

Cr Common Stock $21,200

3. Dr Depreciation Expense $12,400

Cr Accumulated Depreciation - Building $12,400

4. Dr Salaries Expense $7,200

Cr Cash $7,200

5. Dr Equipment $8,100

Cr Common Stock $1,200

Cr Additional Paid-in Capital $6,900

6 Dr Cash $1,296

Dr Loss on Sale of Equipment $1,944

Dr Accumulaed Depreciation -Equipment $7,560

Cr Equipment $10,800

Explanation:

Preparation of the journal entry.

1. Dr Cash $10,300

Cr Land $8,240

Cr Gain on Sale of Land $2,060

($10,300-$8,240)

2. Dr Cash $21,200

Cr Common Stock $21,200

3. Dr Depreciation Expense $12,400

Cr Accumulated Depreciation - Building $12,400

4. Dr Salaries Expense $7,200

Cr Cash $7,200

5. Dr Equipment $8,100

Cr Common Stock $1,200

(1,200*$1)

Cr Additional Paid-in Capital $6,900

($8,100-$1,200)

6 Dr Cash $1,296

Dr Loss on Sale of Equipment $1,944

($10,800-$7,560-$1,296)

Dr Accumulaed Depreciation -Equipment $7,560

Cr Equipment $10,800

5 0

3 years ago

An expanding economy puts stress on the manufacturing ability of a company. When a firm turns business down during periods of ec

Len [333]

An expanding economy puts stress on the manufacturing ability of a company. When a firm turns business down during periods of economic expansion, a problem exists in the area of <u>capacity utilization</u>.

The capacity usage rate measures the proportion of a company's potential output this is truly being found out. The capability usage price of an organization or a national economy may be measured so one can provide perception into how nicely its miles reach their capacity.

Efficiency is commonly expressed as a percent of the actual output to the anticipated output. capacity usage, on the other hand, is a degree of ways well an organization makes use of its efficient capability. it's the relationship between capability or theoretical most output and the real production output.

Ability utilization is a degree of the extent to which the productive potential of a commercial enterprise is getting used by potential users may be calculated by way of: real. output / maximum output x a hundred. results of operating beneath capability.

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Learn more about capacity utilization here: brainly.com/question/24203215

#SPJ4

5 0

2 years ago