A balance sheet is a financial statement that reports the assets‚ which are resources owned by a business‚ liabilities‚ and stockholders’ equity at a specific date. Examples of assets would be computers‚ delivery trucks‚ furniture‚ and buildings. A balance sheet has two categories: Assets‚ liabilities‚ and stockholders’ equity. Liabilities are the debts and obligations of a business. Liabilities represent c claims of creditors on the assets of business. Examples of liabilities would be notes
Premium Generally Accepted Accounting Principles Income statement Balance sheet
CHAPTER 5 Balance Sheet and Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE | | |Brief Exercises | | | | |Topics |Questions | |Exercises |Problems |Cases | |1. |Disclosure principles‚ uses of the |1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚|1 |
Premium Balance sheet Generally Accepted Accounting Principles
A balance sheet‚ like a photo‚ provides a financial picture of a company on a given day and time. It categorizes all of a company’s resources as assets‚ all of its debts as liabilities‚ and all of the owner’s investments as equity. A company uses its assets‚ such as accounts receivable‚ inventory‚ and equipment‚ for manufacturing or purchasing products for sale or to provide a service. A company’s assets are financed by its liabilities (debt) and the owner’s equity (net worth). On a balance sheet
Premium Balance sheet Generally Accepted Accounting Principles Asset
Looking at the broad areas of work that interest you is an important first step when planning your career or thinking of making changes to it. Take these interests into account when considering jobs‚ study or leisure activities. If you are able to find an environment that suits your interests‚ you are likely to be happier in what you do. Complete the worksheet below and print it out to help you plan your career. 1. Here’s a list of some different career interest areas. Read each description and
Premium Environment
Recalculate the firm’s debt and current ratios for 1995 assuming that the dividend payout ratio was 20 percent from 1993 to 1995. The extra money would have been used to reduce the firm’s notes payable. Project Dunham’s income and balance sheet for 1996 assuming the bank grants Dunham a $675K note payable at 12 percent and no existing interest-bearing debt is retired. Dividends will be 50 percent of net income. Cash will be the balancing item. Calculate the firm’s 1996 minimum cash balance by assuming that
Premium Financial ratios Financial ratio Balance sheet
Example Company Balance Sheet December 31‚ 2011 ASSETS LIABILITIES Current Assets Current Liabilities Cash $ 2‚100 Notes Payable $ 5‚000 Petty Cash 100 Accounts Payable 35‚900 Temporary Investments 10‚000 Wages Payable 8‚500 Accounts Receivable - net 40‚500 Interest Payable 2‚900 Inventory 31‚000 Taxes Payable 6‚100 Supplies 3‚800 Warranty Liability 1‚100 Prepaid Insurance 1‚500 Unearned Revenues 1‚500 Total Current
Premium Balance sheet Generally Accepted Accounting Principles Asset
Article Article 50 Million: An Estimate of the Number of Scholarly Articles in Existence Arif E. Jinha Faculty of Post-Doctoral and Graduate Studies University of Ottawa 1 Abstract How many scholarly research articles are there in existence? Journal articles first appeared in 1665‚and the cumulative total is estimated here to pass 50 million in 2009. This sum was arrived at based on published figures for global annual output for 2006‚ and analyses of annual output and growth rates published in
Premium Peer review Academic publishing
of A Million Dollars Winning a million dollars could turn out being more trouble than it is worth. There are many reasons as to why winning that much money would be too much hassle. With a million dollars‚ you could see the world‚ buy your dream house‚ or pay off debts. However‚ when you win that much money you only receive half of it after taxes‚ so your spending limit is limited. Many people who receive large amounts of money like this spurge until there is nothing left. Some people use this
Free Money Currency Debt
PVR bluO Entertainment Limited (PVR bluO) Presently the Company operates two bowling alley centers at Ambience Mall-I‚ Gurgaon and Ambience Mall-II‚ at Vasant Kunj‚ New Delhi. The Company has made a roadmap for expansion of its business and will accordingly open additional bowling centers in India at Pune‚ Bangalore‚ Chandigarh‚ Ludhiana and Noida. These bowling centers on being operational are expected to enhance the income and profitability of the Company. Industry Structure & Development The
Premium Film Movie theater Cinema of India
COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
Premium Balance sheet Generally Accepted Accounting Principles Asset