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What are the time dimensions of the income statement, the balance sheet, and the statement of cash flows? Hint: Are they videos or still pictures? Explain.
The income statement is like a video: It calculates a firm's profitability over a period of time (that can be a week, a month, a year, or any other time period).
The balance sheet is similar to a still photograph. The balance sheet depicts the firm's assets, liabilities, and equity at a specific point in time.
This cash flow statement similar to the income statement can be compared to a video: It depicts how cash flows into and out of a company over a specific period of time.
Financial assets: Financial assets/instruments represent the financial obligations that arise when the borrower raises funds in the financial market. In exchange for the funds
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BASRIL PLC (a) (i) Analysis of projects assume they are divisible. Project 2 NPV at 12% = (140800 × 3·605) - 450000 = $57584 Project 2 profitability index = 5
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