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maria [59]
2 years ago
10

Which of the following statements is NOT correct about the financial statements?

Business
1 answer:
Novay_Z [31]2 years ago
8 0
Answer:

A balance sheet reports assets, liabilities, revenues, and expenses.


Explanation:

The balance sheet report assets and liabilities and shareholders fund where as revenues and expenses would be reported under income statement.
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Hiring a business partner and help your business by adding the skills you dont have to the business to make the business better , the only downside is the cut or the amount you will have to pay the partner.

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vertical marketing system

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Why are batteries not included in toys?
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3 years ago
4. explain the main advantage of retained profits as a source of finance
Rom4ik [11]

Answer:

The classic explanation of the advantages of high retained profit is that they: increase stock value. assure corporate stability. provide funds for research and expansion without increasing corporate debt.The portion of profits not distributed among the shareholders but retained and used in business is called retained earnings. It is also referred to as ploughing back of profit. This is one of the important sources of internal financing used for fixed as well as working capital.

5 0
2 years ago
Calculate the future value of an investment of $463 for 10 years earning an interest of 9%? (Round your answers to 2 decimal pla
Anon25 [30]

Answer:

$1,096.09

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

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= $463 × 2.367363675

= $1,096.09

We simply applied the above formula so that the future value could arrive and the same is to be considered

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3 years ago
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