Which of the following statements is correct?
a. The balance sheet gives us a picture of the firm's financial position at a point in time.
b. The income statement gives us a picture of the firm's financial position at a point in time.
c. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity.
d. The statement of cash flows tells us how much cash the firm must pay out in interest during the year.
e. The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year.

Question

xthelamppostx8339 xthelamppostx8339

24-01-2020
Business

contestada

Which of the following statements is correct?
a. The balance sheet gives us a picture of the firm's financial position at a point in time.
b. The income statement gives us a picture of the firm's financial position at a point in time.
c. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity.
d. The statement of cash flows tells us how much cash the firm must pay out in interest during the year.
e. The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year.

Respuesta :

Otras preguntas

The coordinates of point T are (0,5). The midpoint of ST is (2,-2). Find the coordinates of point S.

Work out the angle marked x in each diagram you must show your working

I NEED THIS ANSWER ASAP!!!! John painted his most famous work inhis country, in 1930 on composition board with perimeter 108.39 in. If the rectangular painting

What is the most difficult part of making inferences? PLEASE HELP IS DUE TODAY!

what is the first integer to the right of 0 on the number line

Why is knowledge of first aid and emergency practices important for health science professionals? Thanks! :)

Organic molecules are sometimes found within meteorites that crash into Earth. Which meteorite condition in space is similar to what most likely was present in

List down all the possible. perfect squares that fall within the given ranks

The kinetic energy of an object is equal to the?

4x - 3 ( x - 2 ) = 21

andromache andromache · Answer 1 · 2020-01-27T11:50:41+01:00

Answer:

a. The balance sheet gives us a picture of the firm's financial position at a point in time.

Explanation:

The assets, liabilities, and stockholder equity are reported in the balance sheet. The accounting equation shown below is used for this purpose.

Total assets = Total liabilities + owners equity

The balance sheet debit and credit side should always be equal.

In addition, it is always prepared on the date defined.

The income statement is prepared for a specified period that records total revenues and total expenditures

The statement of cash flows represents the cash position with respect to cash inflow and the cash outflow of cash

And the four most important financial statements provided in the annual report are the balance sheet, income statement, statement of stockholders' equity, and statement of cash flows.