The factor payment for the use of financial capital (loans and equity investments) is called... (a)Interest and dividends. (b)Wages. (c)Rent. (d)Profit.

Q: Income Statement 1) Why are items such as sales and labour/Gross Profit on the CR side and items…

A: 1.Revenues are recorded in the credit side of the income statement. Thus, sales and labour/gross…

Q: What is the debit for the investment of the owner * O debit assets debit liability debit equity…

A: When owner invests amount or assets in the business, then one side it will increase assets for the…

Q: Which of the following is an expense? a. Purchases b. Dividend received c. Sales d.

A: Expenses are to be paid by company So expenses are money to be paid.

Q: d. Unearned Income 2. Which of the following is an element of a statement of comprehensive income?…

A: (1.)  Revenues is an element of a statement of comprehensive income. Therefore, the option (b)…

Q: is A written promise to pay the supplies an asset capital so on? is Fax Machine an asset capital so…

A: The answer is stated below:             Note: Answering the first three subparts as there are…

Q: Element of financial position is a)  Cash. b)  Interest

A: This is a multiple-choice question for elements of financial statement in which we have to choose…

Q: c. receivab

A: Cash Management: It is the technique to meet out all the payment obligations of day to day operation…

Q: What is owner Capital listed as a debit or credit

A: Solution: Owner capital is the amount of capital invested in business by owner. This is shown as…

Q: Profit is A) assets minus liabilities B) the excess of revenues over expenses C) the excess of…

A: Accounting equation is the equation that shows relationship between assets, liabilities and owner's…

Q: Classify each of these items as an asset, liability, or equity. "Share Capital - Ordinary" Choose...…

A: The balance sheet represents the financial position of the business with assets, liabilities and…

Q: What is the accounting equation? Briefly explain each of the three parts Asset ( the curent and…

A: The accounting equation is a fundamental concept in accounting that serves as the foundation for…

Q: Interest payable is shown on the? A)income statement B)balance sheet as a long term liability…

A: Introduction: Income statement: All revenues and expenses are shown in income statement. It tells…

Q: Which of the following equations expresses the definition of “income”?   Choices; Income = Revenues…

A: Revenues - It is the amount of money received through sale of goods and services . Gains - It is the…

Q: The ratio that tells you how much income is used up by expenses is the Return on Assets ratio. True…

A: A financial ratio called return on assets (ROA) describes how lucrative a business is in comparison…

Q: Net income is gross profit less other income.O financing expenses.O operating expenses.O other…

A: Gross profit is computed by subtracting cost of goods sold from revenue. Gross Profit = Revenue  -…

Q: The income statement includes Group of answer choices -expenditures, net worth, surplus or deficit.…

A: Income statement is one of the financial statements that helps in depicting the profitability of an…

Q: In such case, net income is used, whereas cashflow is used

A: Cash flow statement: It is a financial statement that illustrates a company's cash and cash…

Q: 4. _______ is the act of paying out includes money paid out to run a business, cash expenditure and…

A: Disbursement – it means paying out. It can be used to describe money paid into running a business…

Q: Working capital is O total current assets. total assets. current assets less inventory. O cash and…

A: Total current assets: This is the sum of all assets expected to be turned into cash within one year,…

Q: Capital account is essentially a standard equity account with a standard credit balance from an…

A: In worldwide monetarism, the capital account is the component of the balance of payments that…

Q: Under the cash basis of accounting, revenue is recorded A. when realized. B. when earned. C.…

A:

Q: The net assets approach of computing for the net income requires this item to be added to the ending…

A: Net Assets is the difference between Outsiders' Liability and Assets of the firm. It gives the Net…

Q: at is the line item that appears on a statement of financial positi- Cost of sales. Dividends paid.…

A: The line item that appears on the statement of financial position is,   Option C   Current portion…

Q: Return on equity is: the rate of return that owners earn on their investment O the relationship of…

A: Return on equity can be defined as the earning on the equity as hold by the equity shareholders of…

Q: Questions: 1. Times interest earned ratio 2. Debt to equity ratio

A: The answer for the theory question on Times interest earned ratio and Debt to equity ratio is…

Q: Financing activities include   a. lending money   b. acquiring investments   c. issuing debt   d.…

A: Option (c) issuing debt

Q: Explain the accounting equation while considering the relationship between asset, liabilities and…

A: Accounting equation of accounting says that after every business transaction total of assets should…

Q: Profit is the difference between? a. Assets and liabilities b. Assets and equities c. The assets…

A: Assets, liabilities, equity, incomes and expenses are important terms that are being used in…

Q: Which of the following normally has a net credit balance? A. Asset accounts such as cash, accounts…

A: Credit Balance :— It means Credit is greater than debit. It is listed in credit side of trial…

Q: Does income approach convert future amounts to current amounts?  2. Is balance of payment accounts a…

A: In business, financial management is the practice of handling a company's finances in a way that…

Q: The liabilities on a balance sheet are represented by which of the following?Choose one answer.a.…

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

Q: EBIT is Select one: O a. equity before tax and interest O b. gross profit O c. net profit O d. EBT…

A: EBIT means earnings before interest and taxes. This is an important element of income statement of…

Q: How often do you receive statements from the bank? every day every month every two weeks every week

A: Since you have posted two questions, we will do the first one for you. Please post the other…

Q: Classify each of these items as an asset, liability, or equity. "Share Capital - Ordinary" Choose...…

A: Assets are the resources owned by an entity. These can be non-current and current. Liabilities are…

Q: 4. Which of the following is not an element of a statement of comprehensive income? a. Interest…

A: The question is multiple choice question. Required  Choose the Correct Option.

Balance of Payments

BOP is categorized into the following three components: