Not known Factual Statements About 120 cash
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All of the following statements regarding the ratio of liabilities to proprietor’s equity are genuine excepta.A ratio of 1 signifies that liabilities equivalent owner’s equity.b.Organizations can use this ratio but substitute complete stockholders’ equity for overall operator’sequity.
d.statement of retained earningsANSWER:BThe belongings portion from the equilibrium sheet Ordinarily provides assets inC
Which of the next statements is accurate to get a multi-step money assertion? Exhibits a higher Web cash flow Involves short-term and permanent accounts Has subtotals for gross gain and running revenue
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All calculations are estimates and delivered for informational purposes only. Precise quantities may possibly fluctuate.
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a.profits statementb.balance sheetc.statement of cash flowsd.assertion of retained earningsANSWER:AIf an operator desired to know the way money flowed into and from the corporation, which financialstatement would theowner use?