Question: Choose the statement that is not appropriate regarding the comparison between finance and accounting. (Only 1 option) Finance and accounting both attempts to paint a

Choose the statement that is not appropriate regarding the comparison between finance and accounting. (Only 1 option)

  1. Finance and accounting both attempts to paint a picture of how a business is performing.
  2. Finance focuses on cashflows instead of profits regarding economic returns.
  3. Accounting focuses on historical cost regarding how to value assets.
  4. Finance focuses on book value regarding how to value equity.
  5. Finance is forward-looking whereas accounting is backward-looking.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Part I. Choose options or fill in the boxes with appropriate words/figures following the instructions. Choose the statement that is not appropriate regarding the comparison between finance and...

Q:

1. Choose the statement that is not appropriate regarding the comparison between finance and accounting. Finance and accounting both attempts to paint a picture of how a business is performing....

Q:

Choose the statement that is not appropriate regarding the comparison between finance and accounting. Finance and accounting both attempts to paint a picture of how a business is performing. Finance...

Q:

Please help me to answer all these questions! Thank you in advance. Choose the statement that is not appropriate regarding the comparison between finance and accounting. Finance and accounting both...

Q:

Choose the statement that is not appropriate regarding the comparison between finance and accounting. 1. Finance and accounting both attempts to paint a picture of how a business is performing. 2....

Q:

QUESTION 1 Blue Healer is a health resort and convention centre based in the Blue Mountains near Sydney which has been operating for 5 years. The resort, Blue Healer, is made up of five areas:...

Q:

Make sure you include a customized cover message when applying for a position. A cover message should introduce your rsum, highlight your strengths in terms of benefits to the reader, and request an...

Q:

Case 9-2 Continental A.G. Write a report of approximately 750 words that addresses the following points: Examine Continental?s financial statements for unusual accounting practices that may have a...

Q:

This is a individual assignment, which is due on 27th of jan, wed, 1pm. Can u help me to do it? Financial Accounting 2 ACG 27, Study Period 4, 2015 Case Study for Annual Report Assignment The...

Q:

This is a individual assignment, which is due on 27th of jan, wed, 1pm. Can u help me to do it? Financial Accounting 2 ACG 27, Study Period 4, 2015 Case Study for Annual Report Assignment The...

Q:

Each night we go through a 90-minute sleep cycle. We move from light sleep to deep sleep to REM sleep. Most people have four to five cycles per night. This, of course, can change depending on whether...

Q:

Using T accounts, post the following journal entries to the general ledger and calculate ending balances. (Post entries in the order of journal entries presented in the question.) Date Sept. 2 4 10...

Q:

What are businesses that represent, and sell goods on behalf of , other businesses in a specifed maket called? Pesellers Tradere Agents Stockists Lecal monecer ntatives

Q:

which of the following is not a strategic decisions that needs to be made in choosing how best to complement a company's choice of one of the five generic competitive strategy options

Q:

1. Although we share a common border with Canada, its labor relations system is affected by a number of variables that do not greatly affect the United States. Enumerate and explain these variables.

Q:

4. Does it make any difference that Mr. Allen is employed in the public sector, instead of the private sector? Give your reasoning. This matter of arbitration stems from an indictment of Thomas Allen...

Q:

5. Did the Postal Service act appropriately when it did not grant Mr. Boltons (attorney for Mr. Allen) request for information relevant to Mr. Allens Grievance? If so, explain. If not, explain. This...