What effect does the going-concern (continuity) concept have on the amounts at which long-term assets are carried on the balance sheet?

Q: How does accrued but uncollected revenue affect the balance sheet?

A:

Q: listing the assets in order of liquidity ( balance sheet)?

A: Balance sheet is the financial statement which shows financial position of the business by showing…

Q: Explain rate of return on total assets.

A: Accounting Ratio:   It refers to a number expressed in terms of another to establish relationship…

Q: Do financial statements prepared under IFRS normally present assets from least liquid to most liquid…

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: What are all the constituents of a balance sheet and which values carry over from the last year's…

A: Balance sheet: It is one of the financial statements which represents the total assets, total…

Q: Why does a balance sheet balance (assets = Liabilities + OE)?

A: Accounting is done on double entry system, in which we book any financial transaction into books at…

Q: Why are fixed assets carried on the balance sheet at a price that may notreflect the true value of…

A: Fixed assets: Fixed assets are assets held on a long period basis more than one year and…

Q: What is the relationship between current liabilities and a company's operating cycle?

A: Liability: Liability is the obligation of the company to pay which comes from a past activity done…

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: What is the relationship between total liabilities and total assets?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: What is removed from current assets in order to calculate the Quick Ratio? marketable securities…

A: Quick ratio = (Total current Assets - Inventory) / Total current liabilities

Q: How do you show profit and loss on a balance sheet?

A: Balance Sheet is the part of financial statement which shows the financial position of the company…

Q: Fixed assets are reported on the balance sheet at their "net book values." Do these amounts…

A: As a normal practice assuming going concern approach, the company records it assets at book value or…

Q: le

A: Formula:  Current ratio = Current assets / Current liabilities Working capital = Current assets -…

Q: How is the order in which items are shown on the balance sheet determined?

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: Fixed assets are reported on the balance sheet at their "net book values." Do these amounts…

A: Solution: Fixed assets are reported on the balance sheet at their net book values which is computed…

Q: On a company's balance statement, why are fixed assets depreciated?

A: Fixed asset:  It can be defined as a tangible asset that is used by the business in its production…

Q: What is the difference between "change in current assets" and "change in liabilities?

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: What is unique about reporting current assets? Current assets are reported after they are converted…

A: Current assets can be exchanged for cash within a year.

Q: Referring to the balance sheet and extra information, what is the value of the total assets?

A: Information Provided Sales = $35,600 Debt ratio = 0.26 Long term debt = $12,584 Total current…

Q: What effect does recording a sale have on a balance sheet?

A: Balance sheet: It shows the assets, liabilities, and stockholder's equity of the organization. Sale…

Q: From the following, calculate what would be the total of assets on the balance sheet.

A: Asset: Assets are tangible or intangible items that are used and controlled by the company for…

Q: How do you treat net loss on a balance sheet?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: Why would companies perform a set-off of assets and liabilities?

A: Assets are the resources which help in generating profits. The assets can be controlled and used by…

Q: Current Assets value in the balance sheet ?

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: Which account amount is the most important (larger) in the assets side and in the liabilities side…

A: Balance sheet is the summary of the financial position of the company on a particular date in which…

Q: Total Current assets value to be reported in Balance sheet?

A: Introduction: Current Assets: Current Assets are the most liquid Assets like cash and cash…

Q: On a balance sheet, why are fixed assets depreciated?

A: Fixed assets are recognised at net carrying amount after deduction of depreciation expense for the…

Q: Are the amounts at which fixed assets are reported on the balance sheet, their approximate market…

A: Fixed assets include all those assets which are not purchased for resale purpose. Fixed assets are…

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: What is the return on total assets given the figures attached?

A: Return on total assets is the comparison of operational income with that of the total assets. It…

Q: Is there a formula for determining the order in which things appear on the balance sheet?

A: Introduction:- Balance sheet is a clear picture of the company's financial position at a single…

Q: How do you decide the liquidity order (what asset come before the other...expenses vs prepaid vs…

A: Classified balance sheet: The main elements of balance sheet assets, liabilities, and stockholders’…

Q: what the meaning of current assets ratio?

A: Assets are the rights and resources being held by the business. Assets that are either in cash or…

Q: What is the August balance of Total Assets?

A: Accounting Equation; Total Assets= Total liabilities + Stockholders Equity

Q: How do the assets, liabilities, and equity appear in the balance sheet?

A: Balance sheet: Balance Sheet is one of the financial statements that summarize the assets, the…

Q: Total current Assets in the balance sheet

A: Introduction:- Current assets:- Current assets are all the assets of a company that are expected to…

Q: Liabilities* return on assets current ratio asset turnover AR turnover

A: The ratio analysis helps to analyse the financial statements of the business.

Q: Please explain how the long-term and short-term classification of assets and liabilities is…

A: Assets :— An asset is any resource owned or controlled by a business or an economic entity.…

Q: which items are disclosed on a balance sheet

A: Balance sheet means where all assets , liabilities and equity are shown in proper format

Q: What is the relationship between current assets and currentliabilities?

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: how to prepare balance sheet extract toshow net realizable value

A: It is assumed that the question is asking about the net realizable value of account receivables.…

Q: Where do current assets and current liabilities come from?

A: Current Assets = Cash + Supplies + Prepaid Insurance Current Liabilities = Creditors + Salary…

Q: Which of the following would an analyst most likely be able to determine from a common-size analysis…

A: In common size statements individual figures are converted into percentages to some common base.…