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Murljashka [212]
2 years ago
13

Financial statements that give effect to a subsequent event as though the event had occurred at the balance sheet date are known

as __________ financial statements.
Business
1 answer:
mojhsa [17]2 years ago
4 0

Answer:

The correct answer to the following question is Pro forma financial statements.

Explanation:

A subsequent event can be defined as an event which takes place after the reporting period, but before the financial statements of a company are issued.  And depending on what kind of event they are like additional information or new events, it will be decided whether these events should be disclosed in a company's financial statement or not.

If it is decided that the subsequent event should be disclosed in the company's financial statement then a pro forma financial statement would be made, in which nature and financial effect of the subsequent event should be disclosed.

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When Carlos Bustamante received the Alumni of the Year award at his alma mater's annual award dinner, he gave a speech thanking
Angelina_Jolie [31]

Answer: Option B

             

Explanation: In simple words, acceptance speech refers to the speech  that is made by an individual generally after receiving award or similar honor as such.

In such a speech the receiving party shows gratitude and tries to connect with their audience by showing sentiments and proud of receiving the award. These speeches are  usually very brief and to the point but sometimes an extension is made by the deceiving party, stating some past events or making motivational statements to the audience.

In the given case, Carlos revived the award and thanked the school authority. Hence from the above we can conclude that the correct option is B.

7 0
2 years ago
In a limited partnership, limited partners do not have the same rights as general partners to participate in management. Group o
dimaraw [331]

In a limited partnership, limited partners do not have the same rights as general partners to participate in management. This statement is true.

<h3>What is a limited partnership?</h3>

A limited partnership is a type of partnership that is made up of general partners and limited partners. The liability of limited partners is limited to the amount invested in the business while the general partners have unlimited liabilities.

The limited partner cannot partake in the daily running of the business unlike the general partner.

To learn more about limited partnership, please check: brainly.com/question/9244934

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5 0
1 year ago
Suppose that the revenue y from selling x units of a certain commodity is given by the formula y equals 4 x. ​(Revenue is the am
Harlamova29_29 [7]

Answer:

The x-coordinate of the intersection point represents the number of units for which the profit is 0.

Explanation:

The given revenues function is

y=4x

The cost function is

y=2x+4000

It is given that graph of both function intersect each other at (2000,8000).

Intersection point of cost and revenues function represents that the total cost and total revenue are equal.

Profit = Total revenue - Total cost

Profit = TR - TC

Profit = TR - TR                      (TR=TC)

Profit = 0

The x-coordinate of the intersection point represents the number of units for which the profit is 0.

x-coordinate of the intersection point = 2000

The profit is 0 if the number of units is 2000.

6 0
2 years ago
Jiminy’s Cricket Farm issued a 15-year, 10 percent semiannual bond 4 years ago. The bond currently sells for 91 percent of its f
LenaWriter [7]

Answer:

Find the answers below

Explanation:

The total book value of the debt is the sum of the two bonds book values

total book value=$60 million+$35 million=$95 million

Total market value of bonds is the sum of the two bonds market values

total market values=$60 million*91%+$35 million*51%

                                =$54.6  million+$17.85  million=$72.45  million

After tax cost of debt =pretax cost of debt*(1-t) where t is the tax rate of 38% or 0.38

For the first bond:

=rate(nper,pmt,-pv,fv)

nper is the number of interest the bonds would pay from now on,i.e (15-4)*2=22

pmt is the semiannual interest payment,which is:$60 million*10%/2=$3 million

pv is the market value of $54.6 million

fv is the book value of $60 million

=rate(22,3,-54.6,60)=5.73%

5.73%  is the semiannual rate ,where 11.46% is the annual rate

after tax cost of debt=11.46%*(1-0.38)=7.11%

the second bond:

nper is 11 (11 years left to maturity)

pmt is nil since it is a zero coupon bond

pv is $17.85 million

fv is $35 million

=rate(11,0,-17.85,35)=6.31%

after tax cost of debt=6.31% *(1-0.38)=3.91%

6 0
3 years ago
A nurse is a part of what career pathway?
umka21 [38]

Support...............

3 0
2 years ago
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