Liabilities are best described as: residual ownership interest. resources that are expected to provide future benefits....
Liabilities are best
described as:
|
residual ownership interest. |
||
|
resources that are expected to provide future benefits. |
||
|
obligations that are expected to require a future outflow of resources. |
Homework Answers
Correct option:
obligations that are expected to require a future outflow of
resources.
Incorrect explaination
residual ownership interest is the equity that comes from asset-liabilities
resources that are expected to provide future benefits are the assets
Add Answer to:
Liabilities are best
described as:
residual ownership interest.
resources that are expected to provide future benefits....
Resources controlled as a result of past transactions that are expected to provide future benefits are...
Resources controlled as a result of past transactions that are expected to provide future benefits are referred to as: equity assets. liabilities.
Which of the following statements is the best definition of an asset? O Assets are resources...
Which of the following statements is the best definition of an asset? O Assets are resources owned or controlled by a company and that have expected future benefits. O Assets are claims against the company. O Assets are the distributions to the owners of a company. O Assets represent the owner's claims against a company
A project that you are considering today is expected to provide benefits worth $160,000 in one...
A project that you are considering today is expected to provide benefits worth $160,000 in one year. If the rate of interest is 6.3%, then the value of the benefits of this project today are closest to: $175,560 $168,000 $150,517 $160,766
ssignment Testbank Multiple Choice Question 100 The income statement of Swifty Corporation for 2020 included the...
ssignment Testbank Multiple Choice Question 100 The income statement of Swifty Corporation for 2020 included the following items: Interest revenue Salaries and wages expense Insurance expense $139000 210000 22800 42 The following balances have been excerpted from Swifty Corporation's balance sheets: December 31, 2020 December 31, 2019 Interest receivable $18500 $15900 Salaries and wages payable 17300 8700 Prepaid insurance n 46 ple on 29 2300 Sale 2800 The cash paid for salaries and wages during 2020 was on 50 tiple...
Indicate which elements that are most directly related to measuring an enterprise's performance and financial status...
Indicate which elements that are most directly related to measuring an enterprise's performance and financial status are being described below. 1. Arises from peripheral or incidental transactions. Obliges a transfer of resources because of a present, enforceable obligation. 3. Increases in the ownership interest through issuance of shares. 4. Cash dividends to owners (declared and paid). Revenues or Gains Losses Revenues or Expenses Revenues Assets Expenses Gains Equity Liabilities Gains or Losses 5. An expenditure that has future economic benefit....
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...
C a n that says resources should be spent the expected benefits to the company exceed...
C a n that says resources should be spent the expected benefits to the company exceed the expected A) cost-benefit approach C) different costs for different purposes Explanation B) balanced Scorecard D) behavioral and technical considerations 6) Cast assignment A) includes future and arbitrary costs B) is the same as cost accumulation C) is the difference between budgeted and actual costs D) associates accumulated costs with certain cost objects Explanation A) 7) Which of the following statements about the direct...
Question 18 What's the future value of $1,600 after 5 years if the appropriate interest rate...
Question 18 What's the future value of $1,600 after 5 years if the appropriate interest rate is 6%, compounded monthly? $2,179.74 $2,417.14 $2,676.12 $2,093.42 $2,158.16 stion 1 Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be finance entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital. which means that the firm must have an ROE...
Multiple Choice- Select the best answer Question #2: Chapter 14 The true value of a security is: A. the value of that security at some future date. B. the sum of all future dividends. C. the amount...
Multiple Choice- Select the best answer Question #2: Chapter 14 The true value of a security is: A. the value of that security at some future date. B. the sum of all future dividends. C. the amount that a fundamental analyst will pay. D. the price that incorporates all currently available information. Question #3: Chapter 14 What is the book value per share of equity for a firm with $1 million in net common equity, $50,000 in authorized share capital,...
The primary purpose of the statement of financial position of a business is to reflect A....
The primary purpose of the statement of financial position of a business is to reflect A. The fair value of the entity’s assets at some moment in time. B. The status of the entity’s assets in case of forced liquidation. C. The entity’s potential for growth in stock values in the stock market. D. Items of value, debts, and net worth. (correct answer) A. Assets are reported in the balance sheet using various measurement attributes, including but not limited to...
Resources controlled as a result of past transactions that are expected to provide future benefits are referred to as: equity assets. liabilities.
Which of the following statements is the best definition of an asset? O Assets are resources owned or controlled by a company and that have expected future benefits. O Assets are claims against the company. O Assets are the distributions to the owners of a company. O Assets represent the owner's claims against a company
A project that you are considering today is expected to provide benefits worth $160,000 in one year. If the rate of interest is 6.3%, then the value of the benefits of this project today are closest to: $175,560 $168,000 $150,517 $160,766
ssignment Testbank Multiple Choice Question 100 The income statement of Swifty Corporation for 2020 included the following items: Interest revenue Salaries and wages expense Insurance expense $139000 210000 22800 42 The following balances have been excerpted from Swifty Corporation's balance sheets: December 31, 2020 December 31, 2019 Interest receivable $18500 $15900 Salaries and wages payable 17300 8700 Prepaid insurance n 46 ple on 29 2300 Sale 2800 The cash paid for salaries and wages during 2020 was on 50 tiple...
Indicate which elements that are most directly related to measuring an enterprise's performance and financial status are being described below. 1. Arises from peripheral or incidental transactions. Obliges a transfer of resources because of a present, enforceable obligation. 3. Increases in the ownership interest through issuance of shares. 4. Cash dividends to owners (declared and paid). Revenues or Gains Losses Revenues or Expenses Revenues Assets Expenses Gains Equity Liabilities Gains or Losses 5. An expenditure that has future economic benefit....
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...
C a n that says resources should be spent the expected benefits to the company exceed the expected A) cost-benefit approach C) different costs for different purposes Explanation B) balanced Scorecard D) behavioral and technical considerations 6) Cast assignment A) includes future and arbitrary costs B) is the same as cost accumulation C) is the difference between budgeted and actual costs D) associates accumulated costs with certain cost objects Explanation A) 7) Which of the following statements about the direct...
Question 18 What's the future value of $1,600 after 5 years if the appropriate interest rate is 6%, compounded monthly? $2,179.74 $2,417.14 $2,676.12 $2,093.42 $2,158.16 stion 1 Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be finance entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital. which means that the firm must have an ROE...
Multiple Choice- Select the best answer Question #2: Chapter 14 The true value of a security is: A. the value of that security at some future date. B. the sum of all future dividends. C. the amount that a fundamental analyst will pay. D. the price that incorporates all currently available information. Question #3: Chapter 14 What is the book value per share of equity for a firm with $1 million in net common equity, $50,000 in authorized share capital,...
Most questions answered within 3 hours.
-
A 8.15- g bullet from a 9-mm pistol has a velocity of 366.0 m/s.
It strikes...
asked 1 hour ago -
The outstanding bonds of Alpha Extracts have a yield to maturity
of 7.4 percent and a...
asked 1 hour ago -
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 2 hours ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 2 hours ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 3 hours ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 3 hours ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 3 hours ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 3 hours ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 4 hours ago -
The University of
Texas recently reported that 43% of college students aged 18-24
would spend their...
asked 4 hours ago -
The length of stay at a specific emergency department in
Phoenix, Arizona, in 2009 had a...
asked 3 hours ago -
. Please give the mechanism for this type of problem. Step by
Step
The toxin that...
asked 3 hours ago