A company prepares financial statements in order to

Assignment Help Finance Basics
Reference no: EM13574639

A company prepares financial statements in order to summarize financial information.

Below are a list of financial statements and a list of descriptions. Financial Statements

a. Balance sheet

b. Income statement

c. Statement of cash flows

d. Statement of stockholders' equity

Descriptions

1. Details the sources and uses of cash during a specified period of time.

2. Summary of revenues and expenses and gains and losses for a specific period of time.

3. Shows the financial condition of an accounting entity as of a specific date.

4. Presents reconciliation of the beginning and ending balances of the stockholders' equity accounts.

Required

Match each financial statement with its description.

Reference no: EM13574639

Questions Cloud

Hw should an insurance company identify potential exit : how should an insurance company identify potential exit markets for insurance contracts and for embedded derivatives
Flip company purchased equipment on july 1 2011 for 90000 : flip company purchased equipment on july 1 2011 for 90000. it is estimated that the equipment will have a 5000 salvage
Your job pays you only once a year for all the work you did : your job pays you only once a year for all the work you did over the previous 12 months. today december 31 you just
Red pine inc established a 400 petty cash fund several : red pine inc. established a 400 petty cash fund several months ago and replenishes it at the end of each month. during
A company prepares financial statements in order to : a company prepares financial statements in order to summarize financial information.below are a list of financial
Straight-line depreciation is used and the companys income : irr. the michener company purchased a special machine 1 year ago at a cost of 12000. at that time the machine was
Hank itzek manufactures and sells homemade wine and he : hank itzek manufactures and sells homemade wine and he wants to develop a standard cost per gallon. the following are
During the year 2009 tosco corporation suffered an 800000 : during the year 2009 tosco corporation suffered an 800000 loss when its factory was destroyed in a flood. assuming the
Abandonment henteleff inc is considering a project with the : abandonment. henteleff inc. is considering a project with the following datayearinitial investmentand net cash

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine the accounts receivable turnover

A corporation's 2000 sales were $8,954,238. Sales were $5 million ten years earlier. To the nearest percentage point, at what rate have sales been growing?

  Difference in their savings account balances

Christie adds $2,000 to her savings account on the first day of each year. Find out the difference in their savings account balances at the end of 25 years?

  Calculate the value of each investment based

Alabama Power Company preferred stock with a $50 par value and a dividend of $2.8125 per 61 year. The stock is currently trading at $39 per share.

  What is the weighted average cost of capital

Its pretax cost of preferred equity is 7%, and its pretax cost of debt is 5%. If the corporate tax is 35%, what is the weighted average cost of capital?

  What was ramco operating income

Ramco recently reported $30 million of sales, $15 million of operating costs and $3.00 million of depreciation. It had $9 million of bonds outstanding that carry a 5.0% interest rate, and its federal-plusstate income tax rate was 40%.

  Calculate the percentage changes in the value of a euro

However, by mid 2008, a value of a euro reached $1.55. Calculate the percentage changes in the value of a euro from its initial value to its late 2000 value and to its high mid 2008 value.

  A firm has assets of 60000 and owners equity of 33000 which

1. which of the following would result in a decrease in cash flow and a use of cash?a. a decrease in notes payable b.

  Consider a bond with face value of 2000 which pays a 4

1.we typically claim that stock prices are equal to the present value of their payoffs. what dynamics in the real world

  What is the effective rate of interest on installment loan

Lewis and Clark Camping Supplies Inc. is borrowing $78,000 from Western State Bank. The total interest is $14,200. The loan will be paid by making equal monthly payments for the next three years.

  Calculate the degree of operating and financing leverage

Corporation X wants to create additional supply development space. The additional space will cost $450,000. The expansion can be financed either by bonds at interest rate of 8 percent, or by selling 40,000 shares of common stock at $20 per share.

  Write a brief statement for pursuing graduate or

write a brief statement for pursuing graduate or postbaccalaureate study. include any additional information concerning

  What are the key events and dates in the dividend payment

what are the key events and dates in the dividend payment

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd