a) Distinguish between financial assets and real assets for each of the following characteristics. i) Divisibility ii) Marketability iii) Holding period iv) Information availability

Q: Distinguish between financial assets and real assets for each of the following characteristics.

A: Solution- Financial assets consist of cash and other monetary assets and receivables in the form of…

Q: which of the anwsers are operating activities, financing activities, and investing activites for the…

A: In the cash flow statement there are main three segment are there.  The details are given below…

Q: Classify each of the following items as assets (A), liabilities (L), or equity (EQ). Owner, Capital

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: Choose the correct. Which of the following items is required to be disclosed by geographic area?a.…

A: Information for the segment needs to be disclosed by geographic area. a. Total asset is the…

Q: How do you identify an asset with reference to AASB? How should an asset be recognized in the…

A: Step 1  An asset is a tangible or intangible attribute having financial or economic value that an…

Q: Identify and fully explain any FOUR qualitative characteristics of useful financial information.

A: Lets understand the basics. Financial information means a information which is denominated in the…

Q: c. Distinguish between financial assets and real assets for each of the followingcharacteristics.…

A: Assets can be any resources that possess and administrated by any entity. It includes resources such…

Q: Materiality is an entity-specific aspect of which of the qualitative characteristics of financial…

A: Materiality is an aspect of relevance in entity specific... The concept of materiality is relevance…

Q: for the asset turnover ratio, which of the following best describes net assets? A. Fixed Assets +…

A: Asset turnover ratio is a measure which says that how effectively business assets are generating…

Q: Differentiate between the ‘definition of assets’ and ‘recognition criteria of assets’ provided in…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Define the concept of Financial Assets

A: Definition:- Generally Financial assets are not in physical nature assets. Which are liquid assets…

Q: Explain the other statements that the financial statement is comprised of.

A: Financial statements are the reports that are prepared at the end of the period. These are prepared…

Q: Which of the following is ascertained from the income and expenses of an entity?   A financial…

A: Income means revenue earned from the sale of goods and services in the business. Expenses means…

Q: All of the following items are classified as accounting assumptions and coventions except for a.…

A: Accounting assumptions and conventions are basically the guidelines which are used in providing the…

Q: distinguish between current and non-current assets, and current and non-current liabilitie

A: Any asset which is convertible in terms of cash within a time duration of one year is a current…

Q: _Accounting concept is in valuation of fixed assets

A: Option A. Historical cost concept says fixes asset is to be recorded at the amount paid to acquire…

Q: hat amount of total assets will be reported?

A: Step 1 Total assets to be reporting in consolidated financial statements is holding‘s assets+…

Q: Choose the correct. Which of the following items must be disclosed in interim reports?a. Total…

A: Interim Reports: It is the reporting of the financial results of any period that is shorter than a…

Q: Which of the following is correct?(i) Liabilities = Assets + Capital(ii) Assets = Liabilities –…

A: Accounting Transaction:   An economic event, which causes impact (increases or decreases the value…

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: Q. Distinguish between financial assets and real assets for each of the following characteristics.…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Explain how economic events result in assets

A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…

Q: Define “Financial assets"; list them and explain their evaluation criteria in the balance sheet

A: A balance sheet is a financial statement that shows the assets, liabilities, and the shareholder…

Q: Define current assets. What basis is used for ordering individual items within the current assets…

A: Current assets represent all the assets of a company that are expected to be conveniently sold,…

Q: It is referred to as: Distinguishing current and non-current items on the balance sheet and…

A: A little introduction and the significance of it all:

Q: Describe the two criteria for determining the valuation of financial assets.

A:

Q: Presentation of Financial Statements, expresses preference for a presentation

A: Correct Answer is c Current, non-current distinction

Q: Find the attached file.

A: Asset: It can be defined as any valuable resource that is controlled and owned by the business and…

Q: Intangible assets are often combined with_______________assets for measurement and recognition in…

A: Intangible assets means those assets which do not have any physical presence and that can only be…

Q: Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant…

A: Current assets are assets held for less than 12 months  Current liabilities are obligations that…

Q: How should an asset be recognized in the financial statement? How should asset be measured?

A: The balance sheet shows the resources controlled by the entity from past events from which economic…

Q: Can you explain the importance of the correct determination of an asset’s value and its effect on…

A: Introduction: Financial statements are files that summaries a company's operations and financial…

Q: The usefulness of the balance sheet is enhanced by classifying assets and liabilities according to…

A: A balance sheet is divided into three parts- Assets, liabilities and owner's equity. Each of the…

Q: The classification and therefore subsequent measurement of financial assets depends on.? Select one:…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Which of the following is incorrect? A. Capital + Liabilities = Assets B. Assets - Liabilities =…

A: Every transaction has dual effect on the books of account. The question is from the topic of…

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: Examined and describe the communication aspect of accounting in relation to assets valuation and…

A: Accounting Principles: Accounting principles are the principles and rules that organizations should…

Q: Which of the following A. Capital + Liabilities = Assets B. Assets - Liabilities = Capital C. Assets…

A: The general accounting equation is Assets = Liabilities + Capital.

Q: how to Determine the total assets

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Depending on the business model for managing financial assets, an entity shall classify financial…

A: A financial  asset can  be measured  at Fair value  through  profit or loss

Q: Which of the following sets includes only accounting assumptions and conventions? a. timeliness,…

A: b. matching, comparability, a period of time, and reliability c. the monetary unit, going concern,…

Q: Which of the following is ascertained from the income and expenses of an entity? O A. financial…

A: Income statement means where all expenses and income are shown . Balance sheet means where all…

Q: Which of the following items is required to be disclosed by geographic area?a. Total assets.b.…

A: Information for the segment needs to be disclosed by geographic area. Identify the correct option:…

Q: Define the term financial assets.

A: Financial Assets: Financial assets are referred to as assets that occur from contractual agreements…