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olga55 [171]
4 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.
1.True
2.False
Business
1 answer:
Igoryamba4 years ago
3 0

Answer:

Yes it is True that The balance sheet shows the firm's financial position at a given 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.

Explanation:

The balance sheet is a financial statement that provides a vivid picture of what a company owns and owes, as well as the amount invested by shareholders.  This is the company's financial position.

The income statement summarizes a company's revenues and expenses over a period, either quarterly or annually. This is the company's results.

The cash flow statement reflects the actual amount of money the company receives. It is meant to provide information about cash receipts, cash payments, and the net change in cash resulting from the operating, investing, and financing activities of a company during the period.

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Answer:

D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.

Explanation:

The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.

The services rendered increases the revenue to Dr. Peabody.  Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.

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3 years ago
An investor buys an 8% municipal bond in the secondary market on a 10% basis. The investor does not accrete the bond discount an
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Answer: C

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What is the primary reason to issue stock?
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Trevor's boss told him that he would now also be responsible for answering the phones and filing correspondence in addition to t
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The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.

<h3>What is an extension?</h3>
  • An extension refers to doing an even wider range of tasks in addition to the tasks assigned.
  • Task switching is a sort of multitasking that involves switching between several abilities, tasks, or cognitive sets.
  • Multitasking is the practice of dividing one's attention among several skills, tasks, or cognitive sets.
  • The process of working as an extension involves interspersing and overlapping the execution of various programs. This is frequently accomplished by taking advantage of the discrepancy between a computer's quick processing power and its slower input/output devices.
  • If necessary, put off other chores so that one may focus entirely on the important ones when working as an extension.
  • In order to do the assignment on time, one may need to make wise choices, such as calling off a meeting. A good leader may change with the times and deviate from the norm to deal with the problems at hand.

To learn more about Multitasking refer to:

brainly.com/question/15503594

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7 0
2 years ago
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