Explain which transactions are reported as operating activities, investing activities and financing activities?

Q: Distinguish between operating, investing, and financing activities, and describe how noncash…

A: CFS: It illustrates how the balance sheet and revenue adjustments impact cash and cash equal and…

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: When rearranging financial statements, which of the following items is included in financial…

A: Financial activities  refers to  those  activities  through  which  we raise money  for achieving…

Q: what are The elements of financial statements

A: The company's aim will be increase the profits of the company. The income statement of the company…

Q: Discuss the inter-relationship of the financial statements.

A: Meaning of Financial Statements Financial Statements consists of income statement, Profit and loss…

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: What is the function and primary focus of financial accounting?

A: Accounting:   It is a systematic process of recording the financial transactions of an organization…

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: What's the significance of identifying if the transaction is under operating, investing or financing…

A: Normally there are three types of activities 1) Operating activities 2) investing activities 3)…

Q: Describe how debits and credits impact assets, liabilities , owner,s equity

A: The books of accounts are prepared as per the double accounting system. All the debits shall be…

Q: In addition to the financial statement elements arrayed in the basic financial statements, what are…

A: Definition: Financial Statements represent a formal record of the financial activities of an entity.…

Q: The information provided by financial statements is in nature.

A: Financial statements: These refer to the formal or official records of the activities of the…

Q: Explain how accounting activities are different from financing activities by providing real-life…

A: Accounting is the practice of preparing accounting records, including measuring, preparation,…

Q: What is the General Purpose Financial Statements and describe its purpose

A: General Purpose financial Statements General purpose financial statements are those financial…

Q: financial assertion

A: Financial assertions are statements made by management in an an assertive way regarding the items in…

Q: Financial intermediaries provide which of the following?

A: Financial Intermediaries: They are intermediaries or middlemen between the two parties for financial…

Q: Identify transactions that are classified as financing activities.

A: Definition:   Statement of cash flows: This statement reports all the cash transactions which are…

Q: What are the accounts in which capital and debts are monitored and which pay the remainder? A) Cost…

A: What are the accounts in which capital and debts are monitored and which pay the remainder?

Q: Explain the accounting equation while considering the relationship between asset, liabilities and…

A: Accounting equation of accounting says that after every business transaction total of assets should…

Q: What is a financial assets held for trading?It is measurement still applicable? explain

A: Meaning of Financial assets held for trading:  A financial asset is held for trading if the entity…

Q: users of the financial information

A: Users of financial information are those people who read the financial statements and use the…

Q: What does financial statements provides?

A: Financial accounting: Financial accounting is the process of evaluating the business activities of…

Q: Differentiate between operating activities, investing activities,and financing activities.

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Direction: Classify each transaction whether they operating, financing or investing. After which,…

A: Statement of cash flow (CFS) refers to a financial statement which shows the flows of cash and cash…

Q: What is the primary means of conveying financial information to external users?

A: Financial reporting: Financial reporting is the procedure to communicate the financial information…

Q: Classify each transaction whether it is a non-cash, operating, investing or financing activity.

A: Operating Activity-It refers to those activities directly related to the normal course of business…

Q: Identify the majordifferences and similaritiesbetween financial andmanagerial accounting.

A:

Q: Who are the various users of Financial Statements?

A: Financial statements are the records or documents in which the overall picture of the business is…

Q: Is internal accounting information primarily historical orfuture-oriented? How does that compare…

A:

Q: Define and explain the relationship between Assets, Liabilities, Equity, Revenues and Expens

A: Corporation - An organization that has been registered as a corporation under a corporation act has…

Q: What do the financial statements include?

A: Financial statements are basic as they give significant insights concerning the money related…

Q: What are the importance of financial statement? What is the purpose of financial statement?

A: The financial statement is organized summaries of detailed information about the financial positions…

Q: Identify transactions that are classified as investing activities.

A: Definition:   Statement of cash flows: This statement reports all the cash transactions which are…

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: Describe the elements of financial statements.

A: Financial Statements are statements prepared at the end of accounting period to analyse financial…