ZuoTi.Pro
Question

On which financial statement(s) can you find total current liabilities? O Cash Flow Statement and Statement of Stockholders
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Question:1

The Answer is Balance Sheet

Explanation:

1) Only in balance sheet we can find the total balance of current liabilities.

2) Remaining options are incorrect because

a) Income statement displays only revenues and expenses. So, it is incorrect.

b) Stockholders equity displays only stockholders calculation. So, it is incorrect.

c) Statement of cash flow displays only cash related transactions of current liabilities but not total balance. So, it is incorrect.

Question:2

The Answer is Balance Sheet

Explanation:

1) Only in balance sheet we can find the total balance of account payable.

2) Remaining options are incorrect because

a) Income statement displays only revenues and expenses. So, it is incorrect.

b) Stockholders equity displays only stockholders calculation. So, it is incorrect.

c) Statement of cash flow displays only cash related transactions of accounts payable but not total balance. So, it is incorrect.

0 0
Add a comment
Know the answer?
Add Answer to:
On which financial statement(s) can you find "total current liabilities"? O Cash Flow Statement and Statement...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • On which financial statement(s) can you find "provision for (benefit from) income taxes"? Income Statement and...

    On which financial statement(s) can you find "provision for (benefit from) income taxes"? Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Cash Flow Statement and Statement of Stockholders' Equity Income Statement Income Statement and Balance Sheet Question 5 15 pts On which financial statement(s) can you find "earnings per share"? Balance sheet Income Statement O Cash Flow Statement Statement of Comprehensive Income Statement of Stockholders' Equity

  • On which financial statement(s) can you find "income before income taxes"? Balance sheet Income Statement and...

    On which financial statement(s) can you find "income before income taxes"? Balance sheet Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Income Statement and Balance Sheet O Income Statement D Question 3 15 On which financial statement(s) can you find "net income"? Income Statement and Balance Sheet O Income Statement, Balance Sheet, Statement of Stockholders' Equity and Cash Flows Statement Income Statement, Balance Sheet and Statement of Comprehensive Income Income Statement, Statement of Comprehensive Income,...

  • prepare cash flow statement PROBLEM 2-7 The financial statements for the JHJ Book Store are as...

    prepare cash flow statement PROBLEM 2-7 The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT 2013 3,000,000 2.500.000 500,000 Sales Cost of Books Sold Gross Profit Operating Expenses Depreciation Gain on sale of land Net Income 250,000 50.000 300,000 400.000 600.000 BALANCE SHEET 2013 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Land Total Assets 2012 100,000 125,000 150,000 100,000 (25,000) 100,000 550.000 2013 300,000 200,000 350,000 450,000 (75,000) 1.225.000 Accounts Payable Long Term Bond Payable Total...

  • _____ report a company's performance for each period, independent of other periods. a.The statement of cash...

    _____ report a company's performance for each period, independent of other periods. a.The statement of cash flows and the income statement b.The statement of cash flows and the balance sheet c.The income statement and the balance sheet d.The balance sheet and the statement of retained earnings Which of the following is the last of the financial statements to be prepared by a company for any given financial year? a.The statement of stockholders' equity b.The balance sheet c.The statement of cash...

  • Question 8 Which of the following statements is false? Financing activities in a cash flow statement...

    Question 8 Which of the following statements is false? Financing activities in a cash flow statement include obtaining resources from owners and creditors and repaying amounts borrowed. The statement of cash flows reports the cash receipts and cash payments of an entity over a period of time. The operating activities in a cash flow statement include transactions which affect the sale and the purchase or production of goods and services. The statement of cash flows is similar to the income...

  • On which financial statement(s) would you find Common Stock? (Select all that apply.) Balance Sheet Income...

    On which financial statement(s) would you find Common Stock? (Select all that apply.) Balance Sheet Income Statement Statement of Cash Flows Statement of Stockholders' Equity

  • Statement of Cash Flows Your supervisor has provided you with the following statement of cash flows,...

    Statement of Cash Flows Your supervisor has provided you with the following statement of cash flows, prepared using the indirect method. Recall that the statement of cash flows consists of three sections: cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Review the statement, and then proceed to the next panel. Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities:   Net...

  • Waldorf, Incorporated provided the following balance sheet, income statement, and cash flow information for the current...

    Waldorf, Incorporated provided the following balance sheet, income statement, and cash flow information for the current year. (Click the icon to view the balance sheet.) (Click the icon to view the income statement.) E (Click the icon to view the cash flow information.) Requirement Prepare the statement of cash flows under the indirect method for Waldorf, Incorporated. Accrued expenses relate to Selling, Gener Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use...

  • III. Financial Statement Preparation: The Statement of Cash Flows Company X Income Statement For the Year...

    III. Financial Statement Preparation: The Statement of Cash Flows Company X Income Statement For the Year Ended 2018 Revenues         $300,000 Expenses          $210,000 Net Income      $90,000 Company X Comparative Balance Sheet                                                    12/31/18                            December 31                                                                                                             2018             2017 Assets Cash                                                                                                     $42,000     $10,000 Accounts Receivable                                                                               33,000       15,000 Investments (Marketable Securities)                                                         38,000       25,000 Truck                                                                                                     48,000        22,000 Computer                                                                                               19,000       12,000 Accumulated Depreciation                                                                      (7,300)       (3,500) Total Assets                                                                                                 $172,700     $80,500                                                 Liabilities & Stockholders’ Equity Accounts Payable                                                                                    $7,500     $14,000 Bonds Payable                                                                                        30,000      ...

  • Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of...

    Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Service at September 30, 20Y6, the end of the current year, and its revenue and expenses for the year. The retained earnings were $37,490, and the common stock was $7,500 as of October 1, 20Y5, the beginning of the current year. During the current year, dividends of $19,900 were paid. Accounts payable $13,060 Accounts receivable 84,901 Common stock 15,000 Cash 141,109 Fees...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT