Which of the following statement is INCORRECT? Question 15 options: 1) The finance manager manages the short-term balance sheet items of the company, such as current assets and current liabilities. 2) The finance manager uses investment evaluation techniques to decide whether to purchase fixed assets. 3) The finance manager seeks to maximise the firm’s wealth when deciding on the choice of capital sources such as debts and equity. 4) The right-hand side of the balance sheet refers to the company’s investment decisions to buy fixed assets to generate returns.

Finance manager is for management of funds and increase return on assets and maximize value of…

Answered: Which of the following statement is…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 2MCQ

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Which of the following statement is INCORRECT?

Question 15 options:

1)	The finance manager manages the short-term balance sheet items of the company, such as current assets and current liabilities.

2)	The finance manager uses investment evaluation techniques to decide whether to purchase fixed assets.

3)	The finance manager seeks to maximise the firm’s wealth when deciding on the choice of capital sources such as debts and equity.

4)	The right-hand side of the balance sheet refers to the company’s investment decisions to buy fixed assets to generate returns.

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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