choose the correct answerHomework Answers
| Budget is a statement of estimated receipts and expenses in dollars for the future accounting period. |
| Option 1 is correct |
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19) Which of the following is the best definition of a budget?...
Definition A. A statement that summarizes budgeted sales revenue and expenses for the budget period B....
Definition A. A statement that summarizes budgeted sales revenue and expenses for the budget period B. A budget showing how many units need to be produced in each budget period. C. A statement showing the estimated total sales revenue to be generated in each budget period D. A statement that shows expected assets, liabilities, and owners' equity at the end of the budget period. E. A goal that management wants to achieve within one year or loss. F. Budgeted manufacturing...
e1-19 E1-19 Using accounting vocabulary Consider the following accounting terms and definitions, and match each term...
e1-19
E1-19 Using accounting vocabulary Consider the following accounting terms and definitions, and match each term to the definition: Learnin 1. Accounting equation a. An economic resource that is expected to be of benefit in the future 2. Asset b. Debts that are owed to creditors 3. Balance sheet c. Excess of total expenses over total revenues 4. Expense d. Excess of total revenues over total expenses 5. Income statement 6. Liability e. The basic tool of accounting, stated as...
Score: 10 EF1-19 (book/static) Consider the following accounting terms and definitions, and match each term to...
Score: 10 EF1-19 (book/static) Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. = Statement, ret. = retained; beg. = beginning.) Term Definition 1. Accounting equation 2. Asset 3. Balance sheet Expense 4. 5. Income statement 6. 7. Liability Net income 8. Net loss 9. Revenue 10. Stmt. of cash flows 11. Stmt. of ret. earnings More Info a. b. c. e. An economic resource...
TOMEWORK. Chapter I Momework Score: 0 of 1 pt 5 of 8 (6 complete) E1-19 (book/static)...
TOMEWORK. Chapter I Momework Score: 0 of 1 pt 5 of 8 (6 complete) E1-19 (book/static) HW Score: 37.82 Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. = Statement, ret. = retained, beg. = beginning.) Term Definition 1. Accounting equation 2. Asset 3. Balance sheet a. An economic resource that is expected to be of benefit in the future b. Debts that are owed...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by a list of definitions I through 10. Match the correct definitions with the terms or phrases by placing the letter of the term or phrase in the answer space provided at the beginning of the definition. (a) Budget (b) Capital expenditures budget (c) Activity-based budgeting (d) Sales budget (e) Production budget (f) Cash budget (g) Budgeted balance sheet (h) Continuous budgeting Selling expense budget...
only the final answers plz 1. Which definition below best describes financial accounting? A. Process of...
only the final answers plz
1. Which definition below best describes financial accounting? A. Process of measuring income taxes owed to the government. B. System of maintaining communication with a company's customers and suppliers. C. Procedures designed to enhance the company's image to potential investors. D. Measuring business activities and communicating them to external parties. 2. Liabilities can be best described as: A. The amount of expenses over the past year. B. The amount expected to be distributed to stockholders....
can you give me the answer and explain why? 18. Which of the following best explains...
can you give me the answer and explain why?
18. Which of the following best explains the meaning of total stockholders' equity? The amount of common stock less dividends over the life of the company. The total of the net revenues, expenses, and dividends over the life of the company. The difference between total revenues and total expenses, less dividends for the year. The owners' residual claim of a company's assets after its liabilities have been paid. | None of...
1. The balance sheet lists which of the following? a. revenues, expenses, gains, and losses b....
1. The balance sheet lists which of the following? a. revenues, expenses, gains, and losses b. assets, liabilities, and owners’ equity c. revenues, expenses, gains, and distributions to owners d. assets, liabilities, and investments by owners 2. Exchanges of assets for assets have what effect on equity? a. There is no relationship between assets and equity b. increase equity c. may have no impact on equity d. decrease equity 3. Identify the correct components of the income statement. a. revenues,...
cate the answer choice that best completes the statement or answer the question - 1. Which...
cate the answer choice that best completes the statement or answer the question - 1. Which of the following best describes accounting? a. is of no use by individuals outside of the business B. is an information system that provides reports to users regarding economic activities and condition of a business c. is used only for filling out tax returns and for financial statements for various type of governmental reporting requirements d. records economic data but does not communicate the...
Part I. Multiple Choice (4*10=40) 1. Which of the following best describes the balance sheet? A....
Part I. Multiple Choice (4*10=40) 1. Which of the following best describes the balance sheet? A. It includes a listing of assets at their market values. B. It includes a listing of assets, liabilities, and stockholders' equity at their market values. C. It provides information pertaining to a company's assets and the providers of the assets. D. It provides information pertaining to a company's liabilities for a period of time. 2. Which of the following correctly describes the various financial...
Definition A. A statement that summarizes budgeted sales revenue and expenses for the budget period B. A budget showing how many units need to be produced in each budget period. C. A statement showing the estimated total sales revenue to be generated in each budget period D. A statement that shows expected assets, liabilities, and owners' equity at the end of the budget period. E. A goal that management wants to achieve within one year or loss. F. Budgeted manufacturing...
e1-19
E1-19 Using accounting vocabulary Consider the following accounting terms and definitions, and match each term to the definition: Learnin 1. Accounting equation a. An economic resource that is expected to be of benefit in the future 2. Asset b. Debts that are owed to creditors 3. Balance sheet c. Excess of total expenses over total revenues 4. Expense d. Excess of total revenues over total expenses 5. Income statement 6. Liability e. The basic tool of accounting, stated as...
Score: 10 EF1-19 (book/static) Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. = Statement, ret. = retained; beg. = beginning.) Term Definition 1. Accounting equation 2. Asset 3. Balance sheet Expense 4. 5. Income statement 6. 7. Liability Net income 8. Net loss 9. Revenue 10. Stmt. of cash flows 11. Stmt. of ret. earnings More Info a. b. c. e. An economic resource...
TOMEWORK. Chapter I Momework Score: 0 of 1 pt 5 of 8 (6 complete) E1-19 (book/static) HW Score: 37.82 Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. = Statement, ret. = retained, beg. = beginning.) Term Definition 1. Accounting equation 2. Asset 3. Balance sheet a. An economic resource that is expected to be of benefit in the future b. Debts that are owed...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by a list of definitions I through 10. Match the correct definitions with the terms or phrases by placing the letter of the term or phrase in the answer space provided at the beginning of the definition. (a) Budget (b) Capital expenditures budget (c) Activity-based budgeting (d) Sales budget (e) Production budget (f) Cash budget (g) Budgeted balance sheet (h) Continuous budgeting Selling expense budget...
only the final answers plz
1. Which definition below best describes financial accounting? A. Process of measuring income taxes owed to the government. B. System of maintaining communication with a company's customers and suppliers. C. Procedures designed to enhance the company's image to potential investors. D. Measuring business activities and communicating them to external parties. 2. Liabilities can be best described as: A. The amount of expenses over the past year. B. The amount expected to be distributed to stockholders....
can you give me the answer and explain why?
18. Which of the following best explains the meaning of total stockholders' equity? The amount of common stock less dividends over the life of the company. The total of the net revenues, expenses, and dividends over the life of the company. The difference between total revenues and total expenses, less dividends for the year. The owners' residual claim of a company's assets after its liabilities have been paid. | None of...
cate the answer choice that best completes the statement or answer the question - 1. Which of the following best describes accounting? a. is of no use by individuals outside of the business B. is an information system that provides reports to users regarding economic activities and condition of a business c. is used only for filling out tax returns and for financial statements for various type of governmental reporting requirements d. records economic data but does not communicate the...
Part I. Multiple Choice (4*10=40) 1. Which of the following best describes the balance sheet? A. It includes a listing of assets at their market values. B. It includes a listing of assets, liabilities, and stockholders' equity at their market values. C. It provides information pertaining to a company's assets and the providers of the assets. D. It provides information pertaining to a company's liabilities for a period of time. 2. Which of the following correctly describes the various financial...
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