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- This is the residual interest in the economic resources of a company that remains after deducting economic obligations: Productive resources 3. Net income Owners’ interest 4. Net cash balanceWhat items are included in a companys income from continuing operations? How are these categorized if the company uses (a) a single-step format or (b) a multiple-step format?If a company capitalizes costs that should be expensed, how is its income statement for the current period impacted? A. Assets understated B. Net Income understated C. Expenses understated D. Revenues understated
- Explain the benefits of a residual income structure within an investment center framework. It may help to think of an example using an existing company.i) calculates the capital expenditure and revenue expenditure that adliana incurred ii)explain why firms must correctly classify expenditures incurred as either capital expenditure or revenue expendituresDepreciation is considered as accounting policy and operational expense for the accounting period. The value to be included in the financial statement is calculated based on the decision of the Board. (a) You are required to: (i) Explain the difference between capital expenditure and revenue expenditure, and how each type of expenditure will affect the financial statements of a business. (ii) Explain why it is important to distinguish between capital expenditure and revenue expenditure, and briefly explain the accounting treatment of each type of expenditure. (iii) Under what circumstances will you consider the reducing balance method as the most appropriate method in calculating depreciation? (b) Does depreciation decrease cash in a business? Explain your answer.
- 1-The amount of money paid for the use of borrowed capital or from the money that has been loan. a. Interest b. Interest rate c. Principal 2-The costs that are repetitive and occur when an organization produces goods or services on a continuing basis. a. Sunk cost b. Recurring cost c. Direct cost 3-The costs that have occurred in the past and have no importance in the estimates of future costs and revenues related to alternative course of action. a. Sunk cost b. Recurring cost c. Direct cost 4- It is calculated using the principal only without considering the interest accrued in preceding period. a. Simple interest b. Compound interest c. Annuity 5- It is an expression of the increase in the cost of goods and services from one year to the next.…If a company capitalizes costs that should be expensed, how is its income statement for the currentperiod impacted?A. Assets understatedB. Net Income understatedC. Expenses understatedD. Revenues understatedThe comparison of a company's financial condition and performance to a base amount is known as:
- Depreciation is considered as accounting policy and operational expense for the accounting period. The value to be included in the financial statement is calculated based on the decision of the Board. (a) You are re quire d to: (i) Explain the difference between capital expenditure and revenue expenditure, and how each type of expenditure will affect the financial statements of a business. (ii) Explain why it is important to distinguish between capital expenditure and revenue expenditure, and briefly explain the accounting treatment of each type of expenditure. (iii) Under what circumstances will you consider the reducing balance method as the most appropriate method of calculating depreciation? (iv) Does Depreciation decrease cash in business? Explain your answer.Contributions to capital from company's owners are a. Internal financial resources b. Debt resources c. External financial resources d. Deferred profitWhat is the impact of deferred annuities in consideration to business matter?
