What is the August balance of Total Assets?

Q: What is the annual report, and what two types of information doesit present?

A: Annual report is the report of a company’s performance to its stake holders.

Q: calculate Net Income and total assets

A: Net Income of the business means income generated after deducting all the expenses and costs from…

Q: How do you create a common size balance sheet with all assets as a percentage of total assets

A: Common size statement analysis, as the name suggests, first converts the financial statement as a…

Q: What effect does the going-concern (continuity) concept have on the amounts at which long-term…

A: Going concern assumption means that business will continue for a longer period of time and there are…

Q: measurement of the value of an item appearing in the Financial Statements

A: Option 1 is wrong because the value of property, plant and equipment may appear at fair value, not…

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: Prepare the following i. The income & expenditure account for the financial period

A: Income and expenditure is similar to P & L A/C of trading /business entities.it is used by non-…

Q: Which of the following describes how assets are listed onthe balance sheet?a. In alphabetical…

A: Classified Balance sheet: It includes more detailed balance sheet by itemizing a company’s different…

Q: When conducting common-size balance sheet analysis, each item is expressed as a percentage of A)…

A: Common-size financial statement analysis is a method of finding out the relative health of the…

Q: What items are disclosed on a balance sheet

A: Balance Sheet : Balance Sheet is a financial statement that reports/ is a summary of company's…

Q: What is the annual report, and what two types of information does it provide?

A: Annual report is a statement published by companies to report the operations and financial position…

Q: nual reports and why ar

A: To explain the items of annual report as,

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: Are transactions recorded on a fiscal‐year basis or a calendar‐year basis? Does it have to be one or…

A: Fiscal year is a 12 months period, which normally starts from Apr 1 to Mar 31 of next year. Calendar…

Q: hat amount of total assets will be reported?

A: Step 1 Total assets to be reporting in consolidated financial statements is holding‘s 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: What is the relationship between cash flows from operations and net income for the year of the…

A: Operating Activities - Under this activity all the company operation-related activities like sales,…

Q: How do you prepare annual financial statements?

A: In terms of accountancy, financial statements can be defined as the reports which provide the users…

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: Compute for the total current assets, non-current assets, current liabilities, non-current…

A: Assets, Liabilities and Equity are three important elements of the balance sheet of the business

Q: Using the information in the table, calculate the total assets reported on the balance sheet for the…

A: Asset defines something the company has ownership or has right over it to get future benefits.

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: relationship among balance sheet, cash flow sheet and income statement

A: Relationship among balance sheet, statement of cash flow sheet, and income statement as…

Q: (a) What are total current assets? show working (b) What are total current liabilities? Show working

A: Current assets are those assets which can be converted into cash within a short period of time like…

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: 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: Distinguishing between current and non-current items on the balance sheet and presenting a subtotal…

A: A balance sheet of a company shows a company’s financial position at a particular point.…

Q: What amount should be recorded as investment income e the current year?

A: Step 1 Investment income is money that someone earns from an increase in the value of investments.…

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: How are operating items projected on financial statements?

A: Solution:- Operating expenses are indirect expenses which includes selling, distribution, admin…

Q: what type of account accumulated depreciation? and depreciation expense is and on what statement…

A: Accumulated depreciation is the total depreciation allocated to asset since the asset was used.…

Q: Accrued interest income" would normally appear in the financial statement under A. Current assets…

A: Financial statements: These refer to the formal or official records of the activities 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: what is the accounting equation for assets?

A: Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by…

Q: nancial year stating up to.......

A: The financial year is the period during which money is earned. Salaried professionals and senior…

Q: How to read the balance sheet statement

A: Balance sheet is a summary statement which is prepared to know about total asset and total liability…

Q: "Accrued interest income" would normally appear in the financial statement under * Current assets…

A: Following is the answer to given question

Q: Which of the following in accounts would be classified as current assets on the balance sheet? a.…

A: Assets Resources that a company owns and these resources can provide some future benefits to 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: Define each of the following terms:a. Annual report; balance sheet; income statement

A: financial analysis is the process of evaluating business, project and any financial related…

Q: calculate the balance sheet

A: Balance sheet is a part of financial statements which shows exact financial position of the entity…

Q: What is the current year's accounts payable balance

A: Accounts payable are those people to whom company owed money. They are recorded as current liability…

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: Which of the following accounts would probably need to be adjusted at year O Notes Payable Supplies…

A: Solution: Broadly there are 4 type of accounts that requires adjustment at year end. They are…

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.