A Simple Key For 120 cash Unveiled
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Respond to:AIf an operator wanted to know the way money flowed into and out of the corporation, which financialstatement would theowner use?
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d.statement of retained earningsANSWER:BThe belongings area in the balance sheet Ordinarily provides assets inC
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All of the following statements regarding the ratio of liabilities to owner’s fairness are real excepta.A ratio of 1 signifies that liabilities equal owner’s equity.b.Corporations can use this ratio but substitute total stockholders’ fairness for full operator’sequity.
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The raids have been introduced very last 7 days to the business enterprise entity situated in Jalna district following actionable inputs of alleged tax evasion had been obtained towards it, the Revenue Tax Office stated.
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Provided the subsequent information:Compute the ratio of liabilities to proprietor’s fairness for every year.Round to two decimal sites.
a.money statementb.stability sheetc.assertion of cash flowsd.assertion of retained earningsANSWER:AIf an owner wished to know the way cash flowed into and away from the company, which financialstatement would theowner use?