Financial statement quiz | Business & Finance homework help

This statement provides a quantitative summary of a company’s assets, liabilities and net worth as of a specific point in time

This document, issued once a year, provides a thorough reporting of the firm’s activities during the previous year and its prospects for the future, including both quantitative and descriptive information

This value is the amount of earnings generated by the firm during an accounting period per each outstanding share of a company’s common stock

This statement summarizes the revenues earned and the expenses incurred by the firm. The bottom line of this statement usually reports either the firm’s net profit in total or the net profit earned on a per-share basis

This standardized financial statement can be used to compare the financial performance of companies of different sizes or industries by dividing each account on the income statement by the firm’s total sales. Doing so, standardizes each account in terms of $1 of total sales earned. = common size Income Statement

This statement can be created using either of two methods; the direct or the indirect methods. The indirect method requires the use of some information from the period’s income statement and the comparison of the balances between two balance sheets

This method of cost allocation is used to match the cost of a tangible asset with the period of time over which it generates benefits for the firm and results in a constant, or equal, cost allocation over each year of the asset’s productive life.

This document issued once a year, provides a thorough reporting of the firm’s activities during the previous year and its prospects for the future, including both quantitative and descriptive information

This statement is said to report an accumulation of the firm’s earning from the beginning of the firm’s life since it represents the year to year accumulation of the firm’s profits  

This type of cash inflow or outflow is generated in the normal course of a firm’s business activities. EXAMPLES INCLUDE SALES REVENUES, THE MAKING AND COLLECTION OF ACCOUNTS payable and receivable and wages and taxes payable.

An asset that lacks this attribute may take a long time to sell or be collected so that it can be converted into usable cash, may require a big drop in price compared to its purchase price to induce a buyer to purchase it and /or a transaction cost to purchase cost to purchase or sell it.

 

 

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency