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- The following shows excerpts from financial information relating to Aspen Company and Bergamot Company. Compute the following for both companies. Compare your results. A. free cash flow B. cash flows to sales ratio C. cash flows to assets ratioductory financial accounting_ Liquidity is simply: O a. another term for non-current assets O b. a company's ability to pay obligations when due O c. another term for current liabilities O d. another term for cash ype here to searchE2-30. Apply Financial Statement Linkages to Understand Transactions Consider the effects of the independent transactions, a through g, on a company's balance sheet, income statement, and statement of cash flow. Complete the table below to explain the effects and financial statement linkages. Use "+" to indicate the account increases and "-" to indicate the account decreases. Refer to Exhibit 2-10 as a guide for the linkages. Balance Sheet Cash... Noncash assets Total liabilities... Contributed capital. Retained earnings Other equity. Statement of Cash Flows Operating cash flow Investing cash flow. Financing cash flow Income Statement Revenues Expenses Net income. Statement of Stockholders' Equity Contributed capital. Retained earnings b. ||| C. d. |||| |||| e. ||| f. 9. ||| ||| ||| a. Owners invested cash in the company in exchange for shares of common stock. b. The company received cash from the bank for a loan. c. The company purchased equipment to manufacture goods for sale and…
- I have attached the screenshot of the question. Apply Financial Statement Linkages to Understand TransactionsConsider the effects of the independent transactions, a through g, on a company’s balance sheet, income statement, and statement of cash flow. Complete the table below to explain the effects and financial statement linkages. Use “+” to indicate the account increases and “−” to indicate the account decreases. Refer to Exhibit 2-10 as a guide for the linkages a b c d e f g Balance Sheet Cash Noncash assets 355030 Total liabilities 241272 Contributed capital 35867 Retained earnings Other equity Statement of Cash Flows Operating cash flow Investing cash flow Financing cash flow Income Statement Revenues…The users of financial information can understand the strength and weakness of the business concern with the help of: a.Profit and loss account b.Balance Sheet c.Statement of cash flows d.Profit and loss appropriation account *Repy fast plz***True (t) or False (f) ____ Financial statements are the principal means through which financial information is communicated to those outside an enterprise. ____ The matching principle states that debits mus equal credits in each transaction. ____ The income statement is useful for helping to assess the risk or uncertainty of achieving future cash flows.
- Which of the following shows how paying cash to purchase supplies will affect a company's financial statements? Multiple Choice Assets = Liabilities + Assets Assets +/- Balance Sheet Assets +/- ΝΑ Balance Sheet = Liabilities + ΝΑ Balance Sheet = Liabilities + ΝΑ Balance Sheet = Liabilities + ΝΑ Stockholders' Equity Stockholders' Equity Stockholders' Equity ΝΑ Stockholders' Equity ΝΑ Revenue ΝΑ Revenue ΝΑ Revenue ΝΑ Revenue ΝΑ Income Statement Expense = Net Income ΝΑ Income Statement Expense = Net Income + Income Statement ΝΑ Expense = Net Income ΝΑ Income Statement ΝΑ Expense = Net Income ΝΑ ΝΑ Statement of Cash Flows -Operating Activity Statement of Cash Flows ΝΑ Statement of Cash Flows -Operating Activity Statement of Cash Flows ΝΑnu messageQ&A notifications account_circle Business FinanceQ&A LibraryPlease classify each of the following accounts into its right category of cash flow activities. Which of the following item(s) belong to Operation Activities? (This question may contain multiple answers) Depreciation Fixed assets expenses Change in Inventories Change in Accounts Payable Payment of cash dividends Change in Notes Payable Payment of long-term debt Change in marketable securities Net income Change in Account Receivables Please classify each of the following accounts into its right category of cash flow activities. Which of the following item(s) belong to Operation Activities? (This question may contain multiple answers) Depreciation Fixed assets expenses Change…Which of the following best describes the information reported in the income statement? Multiple Choice The current resources available to pay current obligations. The portion of profits paid in cash to stockholders. The extent to which cash inflows exceed cash outflows. The amount recognized from providing goods and services to customers compared to the cost of doing so.
- The area of finance address the issue of the efficiency of financial market in the allocation of recourses is known as: Corporate finance; Public finance: International finance; 2. A level of revenues, expenses and profit that occurred during a given accounting period are given in: Balance sheet; Income statement; A+B 3. Sales minus cost of goods sold is: Net profit; Operating profit; Gross profit; 4. The assets defined as cash and assets that will turn into cash within a year are defined as: Current assets; Non current assets; Fixed assets: 5. The liabilities due within a year are defined as: Current liabilities; Expenses: Non current liabilities; 6. Collecting of receivables and liquidation of assets concerns: Sources of funds; Uses of funds; Revenues: 7. Uses of funds are: Increase in a liability account and increase in an asset account; Payment of dividends and decrease in asset account; Increase in an asset account and payment of dividends; 8. New bank loan can be…Delta Company experienced an accounting event that affected its financial statements as indicated below: Balance Sheet Assets = Liabilities + Multiple Choice O Stockholders' Equity Earned cash revenue Borrowed money from a bank Which of the following accounting events could have caused these effects on the elements of Delta's statements? Incurred a cash expense Paid a cash dividend Income Statement Revenue Net Expense = income + Statement of Cash Flows -Operating ActivityWhich of the following is related with both cash flow statement and statement of financial position? a. Reconciliation of net income b. Lengthy notes to the financial statements c. Beginning and ending balances of cash d. Beginning and ending balances of equity What section of the cash flow statement would you find a purchase of manufacturing equipment? a. Profit Before Interest and Tax b. Operating c. Financing d. Investing Which of the following is correct regarding the statement of cash flows? a. It reports the financial position of the business at a point in time b. It reports changes in cash between accounting periods c. It reports the financial performance of the business for a period of time d. It reports sources and changes of equity If common stock is issued at a price above par value, the transaction would be recorded as a. debit Common Stock, debit Additional Paid-In Capital, and credit Cash b. debit Cash, debit Common Stock, and credit Additional…