Balance Sheets show the Flow of Assets and Liabilities between one accounting period and another.    True  or False Saving is the balancing Item of the Capital Account    True  or False In addition to the balancing item brought across from the Primary Distribution of Income Account, the Secondary Distribution of Income Account records the same types of social transfers on the Resources side as the Uses side.     True  or False

Q: Discuss in detail the difference between accounting income and cash flow

A: Accounting income and cash flow are two important financial metrics that provide different…

Q: Which method use net income and which use cashflow.

A: Statement of cash flows:   It is one of the financial statement that shows the cash and cash…

Q: What is needed to solve a Return on Assets? Balance sheet only or Balance Sheet with Income…

A: Business needs and calculates various type of ratios in its business. These ratios are meant for…

Q: What are revenues that have been earned but not recorded in the accounts called? Group of answer…

A: Deferred revenue, also known as unearned revenue, refers to advance payments a company receives for…

Q: How to adjust net income to cashflow.

A: In cashflow there are 2 methods for calculating operating cash flow, they are: a. Direct Method b.…

Q: You find capital in the same side of the balance sheet as liabilites because of ______________.…

A: From the business point of view, capital is also considered as a liability towards the owner…

Q: Expalin the meaning of the following terms by providing examples in each case: 1.1. Time value of…

A: Solution (1.1)- Time value of money- The duration of cash is that the idea that cash you've got now…

Q: Differentiate between Current Account vs Capital Account.

A: Account: A record, that documents or records the changes in assets, liabilities, or equity for a…

Q: Capitalizing a cost involves increasing what type of account?a. Liabilityb. Expensec. Stockholders’…

A: An asset is something which contains future economic value or future benefit.  A liability is…

Q: What do you understand the vertical and horizontal income statement account and balance sheet…

A: The financial statement contains both income statement and balance that are very useful for users'…

Q: What do you know about the interrelationships between income statements, balance sheets, and cash…

A: This question deals with the interrelationships between income statements, balance sheets, and cash…

Q: financial assets generate net income to the economy, while real assets define the allocation of…

A: Financial assets are assets are liquid assets that can easily and quickly be converted into cash…

Q: What is accural vs cash basis accounting. Explain with examples?

A: Cash Accounting: A form of accounting in which receipts are reported during the period in which they…

Q: Cash flow may be represented as being determined from: -receivables -operating income -revenue…

A: Cash flows include the net amount of cash and cash equivalent of the business that shows the in and…

Q: An investment is the use of money or capital for income or​ _______. expenses profit value present…

A: An investment is an item or an asset acquired with the goal of earning income or appreciation in the…

Q: What transactions are included in income from continuing operations? Briefly explain why it is…

A: Income from continuing operations includes the revenue, expense, gain, and loss transactions that…

Q: Explain the difference between the current account and the capital and financial account in the…

A: The balance of payment shall be the record of payment or receipt between a nation and a national of…

Q: Contrast the aims of the income statement, the balance sheet, and the cash flow statement

A: Financial Statement: A financial statement is a statement that indicates the firm's, company's, or…

Q: The monetary value of the net assets is reported at its historical cost on the balance sheet? a.…

A: Physical capital is represented by the capital utilized for acquiring tangible fixed assets or…

Q: define accrual and cash basis accounting.

A: Answer: Accrual Accounting: In accrual basis accounting, revenues and expenses are recognized once…

Q: at is accural vs cash basis accounting. Explain with example.

A: Cash Accounting: A form of accounting in which receipts are reported during the period in which they…

Q: Accounting type Question: The basis of income Measurement is A. Matching concept B. Accounting…

A: Income measurement is the measurement of how much money a business earns in the accounting period.…

Q: The increase of acc. Receivable can be include in O Inflow in investing activities O Outflow in…

A: Cash flow statement means the statement which shows the cash flow in or out of business enterprises…

Q: What is meant by the following terms? You should provide an example of each to support your answer.…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: What is the difference between an income statement and a cash flow statement? Please also explain…

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…

Q: Differentiate between net income, EPS, EBITDA,net cash flow, NOPAT, free cash flow, MVA, and EVA.…

A: The given terms are the financial metrics which defines the accounting and economic profit at…

Q: Define the following and their differences : Real accounts                capital account  Nominal…

A: In accounting, there are several type of accounts being used in business. These are personal…

Q: Explain the nature of net income, revenue, andexpenses.

A: Revenues means all operating and non operating revenues of the business for a particular period of…

Q: Define accrual basis accounting and contrast it with cashbasis accounting.

A: Definition of Accrual basis of Accounting  Accrual accounting means revenue and expenses are…

Q: Meaning of accounting principles with examples: i. Money measurement concept ii. Dual aspect concept…

A: Accounting principles are the defined rules which are required to be followed by each company and…

Q: 3. The following records were taken from the books of the Company and its branch on December 31,…

A: Home office branch Opening stock 115000 35600 (44500/125%) Add: purchases 820000   Add:…