a ) the balance sheet
b) the cash flow statement
c) the income statement
find me which one of followiong financial statements reports finiacial information for a particular date.
hi there i need a help solving this Qs today
thanks
a.Provide an overview of the main objective of the statement (i.e., the definition).
b.Identify its major categories.
c.Identify three specific types of economic decisions that can be assisted by the income statement
a. before the income statement and the statement of owner’s equity
b. before the income statement and after the statement of owner’s equity
c. after the income statement and the statement of owner’s equity
d. after the income statement and before the statement of owner’s equity
Not sure if I picked the right answer or not, looking for some reassurance!
Thanks!
how to record :
Land
Building-Industrial
Building-Investment Property
Preparation of a worksheet eliminates the necessity of preparing an income statement and a balance sheet true are false
balance sheet
retained earnings statement
income statement
statement of cash flows
ok here is what I have as a homework assignment.
On June 1 Fix-It-Up Service Co was started with an intial investment in the company of $26, 200 cash. Here are the Assets and Liablities of the company at June 30 and the revenues and expenses for the month of June, its first month of operation:
Cash $ 4,000
Revenue 8, 000
Supplies 2,400
Advertising expense 400
Equipment 32, 000
Notes payable 14, 000
Accounts payable 500
Supplies expense 1,000
Gas & Oil expense 600
Utilities expense 300
Wage expense 1,400
In addition the company issued no additional stock, but paid dividends of $ 2,000
a) Prepare an income statement , and retained earnings statement for the month of June and a balance sheet at June 30, 2007
I have been fussing for the last 4 days because I don’t know what the common stock is on the balance sheet, and two it wont balance at all. Please help, my homework grade depends on this. I have the income statement and the retained earnings statement, i just need help with the balance sheet.
i know that is one of the last items on the balance sheet, but i need a number to put into it. i don’t know how to get the common stock other than to put the starting investment figure there. will that be right though, i don’t know
5. The statement of cash flows reports the amount of cash flow from a firm’s
a.
income statement
b.
operating, divestiture, and acquisition activities
c.
funding and disbursement activities
d.
operating, investing and financing activities
I’m writing a small test tomorrow and my professor said there will be a small test on making on a few things including either making a classified balance sheet (perpetual or periodic)) and a classified income statement (perpetual or periodic)
I know how to do Balance Sheets and Income Statements but I was just curious as to how I can tell the difference as to what a basic one looks like.
