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Q. Explain what is Comprehensive Income?
Comprehensive Income - Change in EQUITY of a business enterprise during a period from transactions and other circumstances and events from sources not exposed in the incomestatement. Period includes all changes in equity besides those resulting from INVESTMENTS by owners and distributions to owners.
The production department in any firm is concerned with provision of production facilities, production cycle, skilled and unskilled labor, storage of finished goods, capacity utili
• Sales revenue line drawn and labelled correctly and accurately • Fixed cost line (at $1,020) labelled and drawn accurately and correctly • Total costs line (starting at $1,
State the Examples of tests of controls: Check bank reconciliation has been reconciled as approved by chief accountant. Observe buyer checking the goods received note a
Q. What do you mean by Credit policy? Credit policy: the credit policy of the concern in its dealing with the debtors and the creditors influencly consider the requirement of t
Audit risk Obtain understanding of accounting and internal control systems. Sufficient to plan audit and develop effective audit approach. Professional judgement to
Managing Risk and Contingency Plan: An essential component of any financial management framework is the validation and protection of the information contained in the system. In
What is the fastest way to be rich?
When a company issues new securities, how do flotation costs affect the cost of raising that capital? When a company issues fresh securities flotation costs, enhance the cost o
OTC refers to financial securities whose sale and purchase are not conducted over a stock exchange.
Cash flow duration, like effective duration, considers the change in the cash flow due to prepayment with the change in the interest rate. In effective duration,
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