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If a company has asset classes that include short-term and long-term investments, what criteria should they employ to determine if an asset is reported as a cash equivalent or an investment on their classified balance sheet?  Examples needed and support using GAAP

On a classified statement of financial position, current assets are customarily listed? a. in the reverse order of liquidity O b. in alphabetical order O c. in the order of acquisition O d. with the largest dollar amounts first

Which of the following is a potential source of capital for a company to invest in long-term assets? Select one: A. Bank loans B. Net Income from past years C. Issuing additional common stock D. Issuing bonds E. All of the above

Which of the following is an assumption made in the preparation of the financial statements? Select one: a. The current market value is assumed to be less relevant than the original cost paid. b. Financial statements are prepared for a specific entity that is distinct from the entity's owners. c. The preparation of financial statements for a specific time period assumes that the balance sheet covers a designated period of time. d. Financial statements are prepared assuming that inflation

Case Study: Accounting Assets and Liabilities Introduction: In the realm of accounting, understanding and managing assets and liabilities are fundamental for assessing the financial health and stability of an organization. This case study delves into the accounting practices of XYZ Corporation, a manufacturing company, to illustrate the significance of proper asset and liability management. XYZ Corporation's Asset Management: XYZ Corporation, in its commitment to effective asset management, carefully categorizes its assets into current and non-current. Current assets, such as cash, accounts receivable, and inventory, are monitored closely for liquidity and short-term financial health. Non-current assets, including property, plant, and equipment, are assessed for their long-term value and depreciation. Liability Management and Debt Ratio: To ensure a healthy balance between assets and liabilities, XYZ Corporation meticulously manages its liabilities. Current liabilities, like accounts…

On a classified statement of financial position, current assets are customarily listed? a. in the reverse order of liquidity b. in alphabetical order Oc. in the order of acquisition d. with the largest dollar amounts first

If a company has asset classes that include short-term and long-term investments, what criteria should they employ to determine if an asset is reported as a cash equivalent or an investment on their classified balance sheet?

Which of the following is considered to be a spontaneous source of financing? Select one: a. Accounts receivable O b. Accounts payable Oc Operating leases O d. Inventory The focus of current asset management is on: Select one: a. cash, accounts receivable. and inventory levels. O b. all the given answers are correct. c. property, plant. and equipment acquisition. O d. investments in marketable securities.

Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance, indicate that instead. Classification 1. Long-term investment in stock Long-term investments 2. Depreciation expense-Building 3. Prepaid rent (2 months of rent) 4. Interest receivable Current assets 5. Taxes payable (due in 5 weeks) Current liabilities 6. Automobiles Plant assets 7. Notes payable (due in 3 years) 8. Accounts payable 9. Cash 10. Patents Account Title Long-term liabilities Current liabilities Current assets Intangible assets Account Title 11. Uneamed services revenue 12. Accumulated depreciation-Trucks 13. Prepaid insurance (expires in 5 months) 14. Buildings 15. Store supplies 16. Office equipment 17. Land 18. Repairs expense 19. Office…

4. Financial liabilities other than FVPL liabilities are initiallymeasured at fair value plus transaction costs.5. Amortized cost financial liabilities are subsequently measuredat the present value of the cash outflows from the instrument.6. Financial liabilities may be subsequently reclassified betweenthe amortized cost and fair value measurement categories.7. Trade payables and other liabilities that are part of an entity'sworking capital may be presented as current liabilities even ifthey are expected to be settled beyond one year.8. According to PAS 1, a currently maturing debt that the entity'smanagement intends to refinance is presented as noncurrent.9. According to PFRS 15, if an entity expects that a portion of giftcertificates sold will not be redeemed, the entity recognizes theexpected breakage amount as revenue in proportion to thepattern of rights exercised by customers.10. Unearned revenue is revenue that is earned but not yet collected   Please answer this all. Thank you

Which of the below are the correct adjustments we make to a company's EBIT to arrive at its FCFF? Select all that apply. Select All That Apply A B D E F Take out taxes Subtract depreciation and amortization Subtract capital expenditures Add back acquisition expenses Subtract changes in net working capital Add back R&D expenses ?

Q7. financial position. Assume that Masters Enterprises uses the following headings on its statement of Item Account headings (f) Non-current liabilities. (a) Investments. (g) Current liabilities. (b) Property, plant, and equipment. (h) Share capital. (c) Intangible assets. (i) Share premium. (d) Other assets. (j) Retained earnings. (e) Current assets. (k) Accumulated other comprehensive income. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear in a note to the financial statements, use the letter "N" to indicate this fact. If an item need not be reported at all on the statement of financial position, use the letter "X." Example: 1. Prepaid insurance. Current Asset 2. Investments in non-consolidated subsidiaries 3. Investments in the associated companies. 4. wasting resources (minerals) 5. Construction in progress 6. trade names 7. customer lists 8. Raw materials 9. Work in process 10. Finished goods 11. Spare parts

The following are the typical classifications used in a statement of financial position : a.       Current assets b.      Investments and funds c.       Property, plant, and equipment d.      Investment property e.       Intangible assets f.       Current liabilities g.       Long-term liabilities h.      Issued capital i.        Retained earnings Required : For each of the following statements of financial position items. use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus before the chosen letter   3.      ………. Unearned rent revenue 4.      ……….. Income less dividends, accumulated 5.      ………. Building, in use

The following are the typical classifications used in a statement of financial position : a.       Current assets b.      Investments and funds c.       Property, plant, and equipment d.      Investment property e.       Intangible assets f.       Current liabilities g.       Long-term liabilities h.      Issued capital i.        Retained earnings Required : For each of the following statements of financial position items. use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus before the chosen letter 1.      ….  .…….Prepaid insurance 2.      ……….. Note payable due in three months

4. Assume that a manufacturing company’s annual income statement included a large gain from the sale ofinvestment securities. What factors would you consider in determining whether or not this gain should beincluded in an assessment of the company’s permanent earnings?

Which are segments are reportable segments?  Is there a sufficient number of reportable segments disclosed?  If the company is a non public entity, which segments are required to be disclosed?

Fair value is used to value which of the following balance sheet accounts? a. Prepaid expenses; patents; property, plant, and equipment b. Capital lease obligations, bonds payable c. Receivables net of allowance for doubtful accounts d. Debtsecurities available for sale, trading securities

Which of the following should be disclosed in the Summary ofSignificant Accounting Policies?a. rent expense amount b. maturity dates of long-term debtc. methods of amortizing intangiblesd. composition of plant assets

Which of the following ratios measures short-term solvency? a. Current ratio b. Creditors' equity to total assets c. Return on investment d. Total asset turnover