Concepts; terminology
Listed below are several terms and phrases associated with the balance s...
Concepts; terminology
Listed below are several terms and phrases associated with the balance sheet and nancial disclosures. Pair each item
from List A (by letter) with the item from List B that is most appropriately associated with it.
List A List B
——1. Balance sheet a. Will be satised through the use of current
assets.
——2. Liquidity b. Items expected to be converted to cash or
consumed within
——3. Current assets one year or the operating cycle, whichever is
longer.
——4. Operating cycle c. The statements are presented fairly in
conformity with GAAP.
——5. Current liabilitiesd. An organized array of assets, liabilities, and
equity.
——6. Cash equivalent e. Important to a user in comparing nancial
information across
——7. Intangible asset companies.
——8. Working capital f. Scope limitation or a departure from GAAP. -
——9. Accrued
liabilities
g. Recorded when an expense is incurred but
not yet paid.
——10. Summary of
signicant
h. Relates to the amount of time before an asset
is converted to
accounting policies cash or a liability is paid.
——11. Subsequent
events
i. Occurs after the scal year-end but before the
statements
——12. Unqualied
opinion
are issued.
——13. Qualied
opinion
j. Cash to cash.
k. One-month U. S. Treasury bill.
.l Current assets minus current liabilities.
m. Lacks physical substance.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 01:00, Reddolls
You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u. s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u. s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u. s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600
Answers: 2
Business, 22.06.2019 14:30, SophieCasey
The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.
Answers: 2
Business, 22.06.2019 21:00, lathwkuster
Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.
Answers: 1
Business, 23.06.2019 00:00, rozalee14
Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.
Answers: 1
Do you know the correct answer?
Questions in other subjects:
History, 26.06.2019 11:00
Mathematics, 26.06.2019 11:00
Computers and Technology, 26.06.2019 11:00
Mathematics, 26.06.2019 11:00
Biology, 26.06.2019 11:00
