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Which financial statement shows the position of enterprise at a particular date? Select one: O a. Statement of financial position O b. Statement of Cash flow O c. Statement of comprehensive income

Which financial statement shows the position of enterprise at a particular date? Select one: O a. Statement of financial position O b. Statement of Cash flow O c. Statement of comprehensive income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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on at of gestion In terms of Act 69 OF 1984, the formation and juristic personality of close corporations are as follows, EXCEPT: Select one: O a. Any one or more persons, not exceeding ten, who qualify for membership of a close corporation in terms of this Act, may form a close corporation and secure its incorporation by complying with the requirements of this Act in respect of the registration of its founding statement. O b. A corporation shall have the capacity and powers of a natural person of full capacity in so far as a juristic person is capable of having such capacity or of exercising such powers. O c. A corporation formed in accordance with the provisions of this Act is on registration in terms of those provisions a juristic person and continues, irrespective of the provisions of this Act, to exist as a juristic person notwithstanding changes in its membership until it is in terms of this Act deregistered or dissolved. O d. Subject to the provisions of this Act, the members of a corporation shall not merely by reason of their membership be liable for the liabilities or obligations of the corporation. Which financial statement shows the position of enterprise at a particular date? Select one: a. Statement of financial position b. Statement of Cash flow O c. Statement of comprehensive income Fir Tim
Transcribed Image Text:on at of gestion In terms of Act 69 OF 1984, the formation and juristic personality of close corporations are as follows, EXCEPT: Select one: O a. Any one or more persons, not exceeding ten, who qualify for membership of a close corporation in terms of this Act, may form a close corporation and secure its incorporation by complying with the requirements of this Act in respect of the registration of its founding statement. O b. A corporation shall have the capacity and powers of a natural person of full capacity in so far as a juristic person is capable of having such capacity or of exercising such powers. O c. A corporation formed in accordance with the provisions of this Act is on registration in terms of those provisions a juristic person and continues, irrespective of the provisions of this Act, to exist as a juristic person notwithstanding changes in its membership until it is in terms of this Act deregistered or dissolved. O d. Subject to the provisions of this Act, the members of a corporation shall not merely by reason of their membership be liable for the liabilities or obligations of the corporation. Which financial statement shows the position of enterprise at a particular date? Select one: a. Statement of financial position b. Statement of Cash flow O c. Statement of comprehensive income Fir Tim
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