Which of the following is not an element of the financial statements? A. Future potential sales price
Question:
Which of the following is not an element of the financial statements?
A. Future potential sales price of inventory
B. Assets
C. Liabilities
D. Equity
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Step 1 Financial statements seem to be reports generated by a corporations management to demons...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
The sale of alcoholic beverages is regulated by all of the following except? O federal government O state government city government O county or parrish government Question 10 10 pts Which of the...
-
Which of the following is not an example of a decision or informed judgment that a potential investor would make from accounting information? Select one: a. Future profitability based on past...
-
a. Which of the following does the Financial Accounting Standards Board not issue? 1. SOPs 2. SFASs 3. Interpretations 4. Technical bulletins 5. SFACs b. According to SFAC No. 6, assets can be...
-
For each of the following, indicate if a discrete or a continuous random variable provides the best definition: a. The amount of oil exported by Saudi Arabia in January 2019 b. The number of...
-
It has been a tough year in the poultry business, with supply outpacing demand and feed-grain prices rising substantially. But producers are hoping all that changes when the summer cook-out season...
-
The surface of a catalytic slab is exposed to a concentration distribution \(c_{a o}(x)\). As material diffuses into the slab it reacts according to a first-order chemical reaction \((a ightarrow...
-
What parameter in a vibration spectrum is most important for separating individual fault frequencies?
-
Ki Technology Co. manufactures DVDs for computer software and entertainment companies. Ki uses job order costing. On April 2, Ki began production of 6,000 DVDs, Job 423, for Paradigm Pictures for...
-
What might be challenges for public administrators in orchestrating ethical performances when working with individual ethics inside and outside the organization?
-
Marider Industries makes two types of windbreaker jackets: one for spring and one for winter. Marider uses a traditional costing system and is considering switching to an Activity-Based Costing...
-
The following information is from a new business. Comment on the year-to-year changes in the accounts and possible sources and uses of funds (how were the funds obtained and used). End of Year 1 End...
-
Which of the following is the correct order of preparing the financial statements? A. Income statement, statement of cash flows, balance sheet, statement of owners equity B. Income statement,...
-
An airplane is flying at an altitude of 3700 ft. The slanted distance directly to the airport is d feet. Express the horizontal distance h as a function of d. 3700 ft
-
How are the number of significant figures determined for the results of calculations involving (a) multiplication, (b) division, (c) addition, and (d) subtraction?
-
You are told that the volume of a sphere is given by V = d3/6, where V is the volume and d is the diameter of the sphere. Is this equation dimensionally correct?
-
Can unit analysis tell you whether you have used the correct equation in solving a problem? Explain.
-
Explain why 1 mL is equivalent to 1 cm3.
-
How many (a) quarts and (b) gallons are there in 10.0 L?
-
Why is friction such an important parameter in metalworking operations?
-
Show that every group G with identity e and such that x * x = e for all x G is abelian.
-
Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or period cost. A. Wages of administrative staff B. Shipping costs on...
-
Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on new home construction jobs. The following are some of the costs that they incur. Classify these...
-
Lizzys is a retail clothing store, specializing in formal wear for weddings. They purchase their clothing for resale from specialty distributors and manufacturers. Recently the owners of Lizzys have...
-
Paraphrase this "To fight the 2008 financial crisis, the United States employed a combination of fiscal and monetary policies. On the budgetary front, Congress passed the ailing Asset Relief Program...
-
a) A company just paid a dividend of Do = $5.00 on its preferred stock. The dividend amount will remain constant. The discount rate (i.e., market capitalization rate) of the company is k = 8%. What...
-
Jessica is planning to paint her room. It measures 11 feet by 13 feet and has 8 -foot ceilings. One long wall and one short wall each have a window that measures 3 feet by 4 feet. One short wall has...
Study smarter with the SolutionInn App