Question

Match each of the following items (1-5) on the left with related explanations (A – E)...

Match each of the following items (1-5) on the left with related explanations (A – E) on the right.

1 Notes to Financial Statements A.

Cash flow activities that are associated with the day-to-day operations of a business.
2 Cash-based Accounting B.

Management’s interpretation of the company’s recent financial performance and condition.
3 Operating activities C.

Description of assumptions and estimates used in preparing the financial statements.
4 MD&A D.

An equation depicting the balance sheet relationships.
5 Accounting Equation E.

An accounting measurement system that records the financial effects of business transactions when the underlying event has a cash effect.
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Correct match is as follows:

Notes to Financial Statements – C, Description of assumptions and estimates used in preparing the financial statements.

Cash-based Accounting – E. An accounting measurement system that records the financial effects of business transactions when the underlying event has a cash effect.

Operating activities – A. Cash flow activities that are associated with the day-to-day operations of a business.

MD&A – B. Management’s interpretation of the company’s recent financial performance and condition.

Accounting Equation – D. An equation depicting the balance sheet relationships.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Match each of the following items(1-5) on the left with related explanations(A-E) on the right 1....
Match each of the following items(1-5) on the left with related explanations(A-E) on the right 1. Regular Dividends A. The payment of a dividend that is expected to be maintained for the foreseeable future. 2. Special dividend B. A dividend that is given in the form of stock rather than a cash dividend 3. Stock dividends C. A dividend that is explicitly temporary 4. Stock repurchase D. A multiplication of shares already owned by a factor set by a corporation
Match each of the following items(1-5)on the left with related explanations(A-E) on the right 1. Multiples...
Match each of the following items(1-5)on the left with related explanations(A-E) on the right 1. Multiples approaches A. An amount inserted into balance sheet to ensure the balance sheet balances 2. Free cash flow B. A shortcut valuation technique that computes stock price as a multiple of some measure 3. Perpetuity growth formula C. The company's internally generated operating cash flows available to investors 4. Plug figure D. A shortcut valuation technique that computes stock value as a function of...
Matching Match the letter of the term for each of the following definitions. a. Obtaining resources...
Matching Match the letter of the term for each of the following definitions. a. Obtaining resources from and repaying resources to owners and creditors. b. Short-term, highly liquid investments. c. One of three primary financial statements. d. Financial resources flowing into and out of an entity. e. Authoritative guidance for preparing a statement of cash flows. f. Transactions involving the purchase or sale of assets generally classified as noncurrent.. g. Depreciation expense. ____   14.   Financing activities ____   15.   Investing activities...
.1. Which of the following is not a correct statement about accounting? a. Generally accepted accounting...
.1. Which of the following is not a correct statement about accounting? a. Generally accepted accounting principles (GAAP) is a set of accounting standards used in the preparation of financial statements. b. Financial Accounting Standards Board (FASB) is a private organization delegated by the Federal Reserve with the responsibility to establish the GAAP. c. Management accountants work with a business or nonprofit organizations, preparing reports and analyzing financial info. d. Public accountants provide a variety of accounting services for clients...
Match the following concepts with the corresponding definition: 1. Accounting for centers of responsibility 2. Contribution...
Match the following concepts with the corresponding definition: 1. Accounting for centers of responsibility 2. Contribution margin    3. Opportunity cost 4. Sunk cost 5. Master budget 6. Internal rate of return a. Not relevant Cost b.It is the process of measuring and reporting information on the performance of the different centers of a decentralized organization. c.Enter an alternative that is waived when a different alternative is chosen. d.Sales minus variable costs. e. Plan that links all the individual budgets...
Calculate the quick ratio using the following information. (Round to two decimal places.) Cash $50,000 Accounts...
Calculate the quick ratio using the following information. (Round to two decimal places.) Cash $50,000 Accounts receivable $130,000 Inventories $210,000 Prepaid assets $15,000 Current liabilities $200,000 a.0.98 b.2.50 c.0.90 d.1.35 The ability of a company to pay debts as they become due is best analyzed using: a.net cash flows from operating activities. b.accrual accounting. c.the cash inflows from financing activities. d.the cash basis of accounting. Which of the following is true of the accrual basis of accounting? a.Only individuals and...
1.      All the following are general principles prescribed by AASB 101 to be applied in the...
1.      All the following are general principles prescribed by AASB 101 to be applied in the presentation of financial statements, except for: Historical cost measurement Offsetting Going concern Materiality aggregation 2.      During 2019, vinnie ltd estimated that the carrying amount of its goodwill was impaired and wrote down by $28,000, In 2020, the company’ goodwill was reassessed and it was decided that the goodwill of $28,000 still existed. The appropriate accounting treatment in 2020 is: Ignore the reversal as it...
1.Which of the following is the amount the borrower must pay back to the bondholders at...
1.Which of the following is the amount the borrower must pay back to the bondholders at maturity? A. present value B. principal amount C. stated interest value D. market value 2. Which of the following is a true statement regarding the effect of a stock split and stock dividend on total assets or liabilities? A. Both a stock split and a stock dividend will increase total liabilities. B. A stock split will increase total assets, but a stock dividend will...
1. Which of the following asset accounts is increased when a receivable is collected? Group of...
1. Which of the following asset accounts is increased when a receivable is collected? Group of answer choices Accounts Receivable Supplies Accounts Payable Cash 2. Computer Corporation is starting its computer programming business and has sold stock of $15,000.  Identify how the accounting equation will be affected. Group of answer choices increase in assets (Cash) and increase in liabilities (Accounts Payable) increase in assets (Cash) and increase in stockholders' equity (Common Stock) increase in assets (Accounts Receivable) and decrease in liabilities...
*1. Which of the following items would be an example of liability? A. cash investments made...
*1. Which of the following items would be an example of liability? A. cash investments made by owners B. cash received from a bank loan C. cash received from customers for services provided D. all of these ___________________________________________________________ 2. Which of the following items appears in the operating activities section of the statement     of cash flows? A. Cash inflow from interest revenue. B. Cash outflow for the purchase of a computer. C. Cash inflow from the issuance of common...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT