how do you find the total financial assets in accounting
how do you find the total financial assets in accounting
Homework Answers
Ans: There are various financial assets in accounting:
1. Intangible assets: These are the assets that is not physically present or visible but have a strong assets value
example for the same are: Trademarks, patents, copyrights
2. Tangible assets: These are the assets that are physical and visible or can be felt or touched
example of same are: land and building, plant and machinery
3. bank deposits
4. pension funds
5. trade receivables, and stocks
6. major important one i.e. cash and cash equivalents
7. Bonds and certificate of deposits
For financial assets
total assets= total liabilities+ capital
L06. How do you use financial statements to evaluate business performance? a) What is the formula...
L06. How do you use financial statements to evaluate business performance? a) What is the formula for return on assets? b) Net income is s10,00 0 and total assets are $150,000 for the current year. Total assets for the previous year was $100,000. What is the ROA?
This assignment has 3 parts: How do accounting policies and practices affect financial accounting information used...
This assignment has 3 parts: How do accounting policies and practices affect financial accounting information used for "external" decision making purposes? What governing and oversight bodies exist to help ensure timely and accurate reporting of financial information by publicly traded companies? How do internal controls help ensure that financial results are accurately and fairly presented for use by external users?
how do you find the missing assets for Company C and the Stock Issuances for Company...
how do you find the missing assets for Company C and the Stock Issuances for Company
D and Liabilities for Company E
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company $111,930 $41,000 33,620 $31,980 22,386 $26,240 14,169 $72,980 50,356 46,000 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 33,120 22,521...
What managerial accounting concept or procedure did you find most interesting? Most challenging? How do you...
What managerial accounting concept or procedure did you find most interesting? Most challenging? How do you see yourself using managerial accounting in the future?
eBook Show Me How Video Calculator Accounting Equation The total assets and total liabilities for a...
eBook Show Me How Video Calculator Accounting Equation The total assets and total liabilities for a recent year of Best Buy (BBY) and Gamestop (GME) are shown below. Best Buy (in millions) Gamestop (in millions) Assets $13,856 $4,976 Liabilities 9,147 2,722 Determine the stockholders' equity of each company. Best Buy million Gamestop million Check My Work
Which of these subjects do you like best and explain why: management accounting, financial accounting, auditing,...
Which of these subjects do you like best and explain why: management accounting, financial accounting, auditing, nonprofit/government and tax?
1. Both financial and managerial accounting are important to a company's success. Which do you think...
1. Both financial and managerial accounting are important to a company's success. Which do you think contributes more to this success and why? 2. financial accounting a subset of managerial accounting or is managerial a subset of financial?
Briefly discuss the differences between Financial and Management Accounting, and then critically discuss why do you...
Briefly discuss the differences between Financial and Management Accounting, and then critically discuss why do you think Financial Accounting statements are prepared following Generally Accepted Accounting Principles, while Management Accounting reports do now follow any such rules. 20 marks
Cost accounting is often referred to as "managerial accounting". Why do you think this is so?...
Cost accounting is often referred to as "managerial accounting". Why do you think this is so? Discuss the ways that a company uses cost accounting, and how it uses financial information for the purposes of cost accounting. Discuss the differences between the reports prepared for managerial accounting and those prepared for financial accounting
eBook Show Me How Calculator E Print Item Accounting Equation The total assets and total liabilities...
eBook Show Me How Calculator E Print Item Accounting Equation The total assets and total liabilities (in millions) of Thriftshop, Inc. and Bullseye Corporation follow: ThriftShop Bullseye Assets $10,796 $14,791 Liabilities 2,051 1,183 Determine the stockholders' equity of each company. ThriftShop's stockholders' equity million Bullseye's stockholders' equity million
L06. How do you use financial statements to evaluate business performance? a) What is the formula for return on assets? b) Net income is s10,00 0 and total assets are $150,000 for the current year. Total assets for the previous year was $100,000. What is the ROA?
how do you find the missing assets for Company C and the Stock Issuances for Company
D and Liabilities for Company E
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company $111,930 $41,000 33,620 $31,980 22,386 $26,240 14,169 $72,980 50,356 46,000 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 33,120 22,521...
eBook Show Me How Video Calculator Accounting Equation The total assets and total liabilities for a recent year of Best Buy (BBY) and Gamestop (GME) are shown below. Best Buy (in millions) Gamestop (in millions) Assets $13,856 $4,976 Liabilities 9,147 2,722 Determine the stockholders' equity of each company. Best Buy million Gamestop million Check My Work
Cost accounting is often referred to as "managerial accounting". Why do you think this is so? Discuss the ways that a company uses cost accounting, and how it uses financial information for the purposes of cost accounting. Discuss the differences between the reports prepared for managerial accounting and those prepared for financial accounting
eBook Show Me How Calculator E Print Item Accounting Equation The total assets and total liabilities (in millions) of Thriftshop, Inc. and Bullseye Corporation follow: ThriftShop Bullseye Assets $10,796 $14,791 Liabilities 2,051 1,183 Determine the stockholders' equity of each company. ThriftShop's stockholders' equity million Bullseye's stockholders' equity million
Most questions answered within 3 hours.
-
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 43 minutes ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 1 hour ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 2 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 1 hour ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 2 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 3 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 3 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 4 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 5 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 6 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 6 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 6 hours ago