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- Please answer clearly and thoroughly1) On the RE Statement it shows the Net Income, if there is a loss will it show Net Loss?2) How do you configure the Net Income or Net Loss amount?14. How much is the correct balance of the Accumulated retained earnings unappropriated account?It is referred to as: Distinguishing current and non-current items on the balance sheet and providing a subtotal for current assets and liabilities. B. a balance sheet that is unclassifi ed
- Define current assets and current liabilities. Why are current assets and current liabilities separated from noncurrent assets and long-term liabilities on the balance sheet?Which of the following is a measurement of earnings that represents the profit before interest, taxes, depreciation and amortization are subtracted? A. net income B. retained earnings C. EBITDA D. EPSWhich statement is most directly affected by a change to net income? A. balance sheet B. income statement C. statement of retained earnings D. statement of cash flows
- Which of the following is a Components, classification, or element of the balance sheet? Select one: a. Gains b. Losses c. Expenses d. LiabilitiesWhat are the Current and Non Current Assets, Non and Current Liabilities, Equity and the totalS. PLs do ignore the right sudeHow to compute the amount of net income or net loss
- 5. The following items affect the retained earnings account, except Group of answer choices a. net income or loss for the period b. prior period errors c. realization of revaluation surplus d. effect of change in accounting estimateTotal Current assets value to be reported in Balance sheet?Compute for Net Loss/Income, Capital Ending, Current Assets, Non-current Assets, Current Liability, Non-current Liability
