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Explain:-1. Why would users want to see cash flows broken out into three parts (operating, investing, and financing)? What's the purpose of this structure?2. Companies often use Accounts Receivable to finance sales and Accounts Payable to finance short-term bills: so why aren't these listed as Financing Activities?3. Depreciation is a method for allocating the cost of a long-term asset over the time of its use: so why is Depreciation Expense listed as a Cash Inflow?4. Earnings Quality is a widely-used ratio in many industries: what does it mean? When is it more/less important? Why would investors/creditors care?
trial balance as at may 31 19*6 dr cr sales 400000 purchases 350000 sales return 5000 purchases return
What is OWNER'S EQUITY Difference between Liabilities and Assets is Owner's Equity. The can also be known as capital, proprietorship, or net worth.
Q. Can you explain about Liabilities? Liabilities -- amounts owed by a company to others. Current liabilities are those amounts duewithin one year or less and generally include
Q. What is periodic inventory procedure? In the periodic inventory procedure the Merchandise Inventory account is updated periodically subsequent to a physical count has been m
Q. Explain about Predictive value and feedback value? Several suggest using a different valuation basis such as current cost in reporting such assets. Predictive value and feed
Q. Example of adjusting entries? Regulate entries bring the amounts in the general ledger accounts to their proper balances before the company prepares its financial statements
Explain the business assets Withdrawal Withdrawal (Drawing) is removal of business assets for personal use by owner. This transaction decreases the asset taken and value of
Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 15,000 units in its beginning work in process inventory that were
Write notes on 5 modern accounting techniques
a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent
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