Interest payments to creditors are reported in a statement of cash flows as Select one: a. An operating activity b. An investing activity c. A borrowing activity d. A financing activity

Q: w are statement of cash flows used to evaluate a loan request for a prospective borro

A: While giving the loan the lender there is need of cash flow statement is required specially when…

Q: What accounts on the balance sheet must be evaluated when completing the investing activities…

A:

Q: Exercise 1-2 The following items are included in the Cash general ledger account of SANTAN COMPANY…

A: Cash is a part of current assets, It is the most liquid form of assets. In the books of accounts to…

Q: Which of the following is a nominal account? a. Retained earnings b. Accounts receivable c.…

A: Nominal account includes all of a company's income statement items and the balance of owner's…

Q: A cash paid for a borrowing made earlier affects which of the following accounts? a. Cash and Notes…

A: Solution- Once you pay the full amount due, your account is paid in full. You have effectively…

Q: Where can authoritative IFRS guidance be found related to the statement of financial position…

A: Statement of financial position shows the amount of assets and liabilities it has as on a particular…

Q: The flow of money or its equivalent produced by an asset dividends and interest a. investment b.…

A: An investment is defined as an asset or invested, which used in building the wealth as well as…

Q: Indicate how the accounts normally should be categorized on a classified balance sheet. Also…

A: The balance sheet is one of the important financial statements of the business. It tells about the…

Q: When conducting common-size balance sheet analysis, each item is expressed as a percentage of A)…

A: Common-size financial statement analysis is a method of finding out the relative health of the…

Q: Which of the following is an External sources of finance? a. Depreciation funds b. Retained…

A: Two sources of finance Internal and external

Q: The assumption that requires that only those things that can be expressed in money are included in…

A: The generally  accepted principles of accounting are called concepts.The concept guide the…

Q: The interest paid is on the amounts borrowed in order to finance the day-to-day operations Select…

A: Interest paid is reported under operating activities for the firm.

Q: A finance charge includes which elements?

A: Finance charge is a very common occurrence associated with the use of credit. For example users of…

Q: (a)Explain, using practical example the effect of accruals figures on the preparation of a…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Discuss the type of questions about future cash flows that investors and creditors attempt to answer…

A: The income statement of a company is prepared at the end of an accounting year to show the expenses,…

Q: Identify the asset from the following? A. Cash and Cash equivalents B. Creditors

A: Something that will or already has economic worth to a business is referred to as an asset. All…

Q: A) prepare statement of P/L and statement of financial position  b)prepare statement of cash flow

A: Income Statement, Balance Sheet and Cash flow statement are given below:

Q: Briefly describe the types of information concerningfinancial position, income, and cash flows that…

A: Financial statement: A formal record of business transactions that record, analyze, and summarize…

Q: Short note on cash flows from financing activities.

A:

Q: The course concerned with debtors is *

A: Option (a). Revenues is the correct answer

Q: In the balance sheet, assets are listed by ___? A. The importance of the asset B. their date of…

A: The balance sheet is a summary of permanent accounts prepared at the end of the accounting period.…

Q: Financial system is important in balances the total financial assets to total liabilities. Explain.

A: A financial system is a collection of entities that allow the exchange of funds, such as banks,…

Q: The amount borrowed from the financial institution is called: a. Amortization b. Deferred payments…

A: There are where terminologies used while borrowing money from financial institutions

Q: The following are the typical classifications used in a balance sheet: a. Current assets b.…

A: The balance sheet represents the financial position of the business with assets and liabilities on a…

Q: Define accrual and cash basis accounting. Can you provide any examples?

A: Accrual Accounting is a kind of accounting that involves the accumulation of funds : Accrual…

Q: Financing activities include   a. lending money   b. acquiring investments   c. issuing debt   d.…

A: Option (c) issuing debt

Q: Accounts payable is a Select one: A. current liability B. current asset C. long-term liability D.…

A: Accounts payable are short term obligation which should be paid to the vendors or suppliers for the…

Q: Most companies pay current liabilities Select one: a. out of current assets. b. by issuing…

A: Current liability: Current liability refers to any form of liability of the organization for a term…

Q: Under ASPE the receipt of interest on loans would be reported on a statement of cash flows under…

A: Operating activities are the routine financial transactions supporting an organization's main…

Q: B. Statement of Comprehensive Income

A: Debtors represent anticipated future cash inflows, Debts are included as assets on a company's…

Q: Accrued revenues would appear on the balance sheet as A. assets B. liabilities C. capital D.…

A: As per revenue recognition principle,  revenues earned during a period should be recognized as…

Q: Contribution received from shareholders will be recorded as. a. Dr Receivables Cr Cash account b. Dr…

A: Shareholders are the owners of the business. They generally invest money in the form of cash or any…

Q: Name the assumption requires that financial statement elements be measured in nominal units of…

A:

Q: Which of the following ratios would a lender find most useful in monitoring a porrower's ability to…

A: Analysis of various options: 1) P/E ratio - It is used for measuring the  price of the stock of a…

Q: Define financial assets and explain their valuation in the balance sheet.

A: Definition:

Q: A deposit received is reported as a * A.liability B.current asset C.investment D.revenue

A: Deposit received means amount of money received from vendors or suppliers as deposit.