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If the total asset is smaller than total liabilities and equity on the
And if it's a deficit should I add the AFN amount to cash and cash equivalents or to accruals and other payables? or to debt?
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If it is a deficit why should add AFN amount to cash and cash equivalents, not to debt? can you clarify this, please
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- If the total asset is smaller than total liabilities and equity on the balance sheet, what does that mean ( deficit or surplus)? And if it's a deficit why should I add the AFN amount to cash and cash equivalents not to debt! can you clarify this pleaseIf it is a deficit why should add AFN amount to cash and cash equivalents, not to debt? can you clarify this, pleaseHow does a decrease in income taxes receivables on the balance sheet, impact cash flow? What is the journal entry to reflect this?
- Which of the following returns is consistent with contractual cash flows that are solely payments of principal and interest or SPPI? I. Return of passage of time II. Return for the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation III. Return for the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset IV. Return for amounts to cover expenses and a profit margin a. I, II, III, and IV b. I, II, and III c. I and IV only d. II and III onlyWhen Balance Sheets are being prepared, Assets and Liabilities are recorded at the current values, not at their original values. True or False Net Borrowing occurs when Changes in Net Worth due to Saving and Capital Transfers exceed the investment in Non-Financial Assets. True or FalseHow do excessive inventories affect the following financial statements: Income Statement, Balance Sheet, and Cash Flow Statement. Is it positive or negative?
- Which of the following returns is consistent with contractual cash flows that are SPPI? Return for passage of time. Return for the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. Return for the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. Return for amounts to cover expenses and a profit margin. Group of answer choices I, II and III only I and IV only I, II, III and IV II and III onlyWhich of the following statements accurately describes the statement of cash flows? A. It indicates when long-term debt will mature. B. It shows the relative proportion of debt and assets. C. It is the link between net income and earnings per share. D. It is the link between the accrual-based income statement and the cash reported on the balance sheet.The difference between the sources (in nows) and uses (out nows) of cash represents the net cash flow during the reporting period. True or false? How is this information very important?