What element should be assessed when considering the quality of profit and loss and balance sheet.
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A: Correct Answer :- B Peter P170,000. And john P90000
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- When selecting a presentation format for the statement of profit or loss and other comprehensive income, management must select the one that is: Select one alternative: most reliable most relevant and the most reliable most relevant most consistentExplain profit-and-loss statement?how value drivers (Return on Equity, Net Profit Margin, and Total Asset Turnover) are related to financial statement analysis?
- What is the relationship between Income Measurement and Asset Valuation?What are the measurement alternatives involved with using ROA as a performance measure? For example, in what ways can income be measured? In what ways can assets be measured?What is more important for asset valuation? Cash flow or accounting profit? Please fully explain the reasons for your choice.
- Explain the difference between profit and profitability. Explain the concept of going concern and the implication of revocation of going concern assumption when financial statements are prepared.Rules for the Distribution of Profits or LossesDiscuss the implications of fair value accounting in financial reporting and the challenges it poses to traditional historical cost accounting.