Max s Group Inc Financial Statements

Max s Group Inc Financial Statements

All of the following are financial statement(s) of a proprietorship except the

Daftar Isi

1. All of the following are financial statement(s) of a proprietorship except the


Explanation:

Sorry, pero asan po 'yung pag-pipilian?

pili nalang kayo Dyan

Sana Makatulong


2. Perez, inc. owns 80% of senior, inc. during 20x1, perez sold goods with a 40% gross profit to senior. senior sold all of these goods in 20x1. for 20x1 consolidated financial statements, how should the summation of perez and senior income statement items be adjusted?


Answer:

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3. Ascena retail group, inc., inc primary industry


Ascena Retail Group, Inc. is an American retailer of women's clothing. Ascena also owns Lane Bryant and Catherines clothing store brands, and is the parent company of Ann Inc., operator of Ann Taylor and Loft stores.

Explanation:

#LetsStudy


4. the financial statements should be stated in term of common financial denominator​


Answer:

The financial statements should be stated in terms of common financial denominator. the financial accounting information is directed towards the common needs of users and is independent of presumptions about particular needs and desires of specific users. the result of standard of adequate disclosure.


5. _____ is the comparison of the financial statement of business with the previous years financial statement.​


Answer:

The three financial statements are the income statement, the balance sheet, and the statement of cash flows.

The company should also consider their past experience and how it corresponds to ... The trending of items on these financial statements can give a company ... Vertical analysis shows a comparison of a line item within a statement to another ...


6. Differentiate general purpose financial statements from special purpose financial statement.


The general purpose financial statements are prepared by entities as of the last day of the reporting period. In other cases, entities prepare special purpose financial statements.

hope this helps

7. the financial plan features the following different projected financial statement of the proposed business, excepta. statement of cash flowsb. statement of changes in equityc. statement of financial managementd. statement of comprehensive income​


Answer:

maganda ako ikaw panget

Answer:

answer

Explanation:

letter D.

thx for the points^^


8. what are the parts of the statement of financial statements​


Answer:

statement of financial position, statement of change in equity, statement of cash flow,

Answer:

The Financial Statements. ... A complete set of financial statements is made up of five components: an Income Statement, a Statement of Changes in Equity, a Balance Sheet, a Statement of Cash Flows, and Notes to Financial Statements.

hoping it helps:))


9. which of the following statements is inc Correct


Answer:

may pic po ba??kûng wala èdi wala

Step-by-step explanation:

joke


10. Directions: Read the statements below carefully and write TRUE ifthe statement is correct and FALSE if you think it is not the right concept. Ifit is false, change the underlined word/s to make a correct statement andwrite the alteration on the space provided before each number.1. Health insurance is a financial agreementbetween an insurance company and anindividual or group for the payment ofhealthcare cost.​


Answer:

false

Explanation:

Answer:

Yan po serr brainliest

mee

Explanation:

#CarryOnLearning:)


11. The Statement of Financial Position shows the financial structure of the company is it true?​


Answer:

yes

Explanation:

yan yung sagot ko tapos na namin yan


12. Why do you have to prepare the following financial statement? income statement,statement of changes in owner's equity,statement of financial position,statement of cash flow!​


The general purpose of the financial statements is to provide information about the results of operations, financial position, and cash flows of an organization...This information is used to estimate the liquidity, funding, and debt position of an entity, and is the basis for a number of liquidity ratios.


13. Asbury automotive group., inc primary industry


Asbury Automotive Group is a company based in Atlanta and was founded in 1995. The company operates auto dealerships in various parts of the United States. As of 2018 its rank in the Fortune 500 is 434 out of 500.[2]

Explanation:

#LetsStudy


14. Comparative statement is a ______ for financial statement analysis.​


Answer:

Documents

Explanation:

Sana makatulong paki brainleist po


15. why is financial ratio important in interpreting the financial statement? ​


Answer:

The greater the ratio, the greater the company risk.

Explanation:

For example, a company with a debt to equity ratio of 5:1 has greater risk than a company with a ratio of 2:1. Simply put, a higher ratio indicates a company with greater, and often excess, amounts of debt that can be handled by the company.


16. Which of the following is the most important consideration of an auditor when examining the stockholders equity section of a client s statement of financial position?


Answer:

Pa brainliest pow

Explanation:

Kailangan ko na pow

Explanation:

why is necessary to follow the prope procedure in cutting pattern for children s dress


17. Below are the groups of people who needs the information shown in the different financial statements. Give at least one reason why each group is interested with a company's set of financial statement. current stockholders 1. current lenders 2. financial analysts 3. potential future investors 4. potential future lenders 5. current and future suppliers of goods or services 6. certain customers 7. government agencies 8. labor unions 9. competitors and others


Answer:

financial analysts

Step-by-step explanation:

becuase they always chrcking the Financial Statement , Income and Outcome


18. A useful tool in financial statement analysis is the common-size financial statement. what does this tool enable the financial analyst to do


What does this tool enable the financial analyst to do?

The tool will compare the mix of revenue, and expenses, and then the tool will determine efficient use of resources within a company over time or between a companies within a given industry without respect to relative size.

#CarryOnLearning

Answer:

Answer⤵️⤵️

What does this tools enable the financial analyst to do? Compare the mix of revenue, and expenses, and determine efficient use of resources within a company over time or between companies within a given industry without respect to relative size.

Explanation:

✨CarryOnLearning✨ ✨Niiccyy✨ ✨#HikariSquad✨

19. Audits of financial statements include an expression of a conclusion about which of the following financial statement characteristics


Answer:

where is the question?

Step-by-step explanation:

there's no question...


20. How are the other financial statements are linked to the Statement of Financial Position?


Answer:

The bottom lines of other financial statements fall on the Statement of Financial Position (mas kilala sa term na Balance Sheet).

Statement of Operations (mas kilala sa term na Income Statement). The Net Income on the bottom line of this statement is carried over to the Retained Earnings of Stockholders' Equity. Also, the Merchandise Inventory End of its COGS also reflects on the Current Assets of the Statement of Financial Position.Statement of Changes in Stockholders'Equity. The ending balances of Stockholders' Equity of this statement reflects on the Stockholder's Equity portion of the Statement of Financial Position. This statement shows how the capital is affected by such factors as net income/(loss), dividend distributiions, and additions/deductions to capital stocks, among others.Statement of Cash Flows. The bottom figure of this statement becomes the figure of Cash account in Statement of Financial Position. This statement is also affected by Income Statement (net income or loss and depreciation). The increase and decrease of the accounts in Statement of Financial Position is also shown here.

Step-by-step explanation:

Hope it helps.

#CarryOnLearning


21. financial statement that report the financial position of the business​


Answer:

A Balance Sheet is sometimes called the statement of financial position. It shows the balance of assets, liabilities, and equity at the end of the period of time. The balance sheet is sometimes called the statement of financial position since it shows the values of the entity's net worth.


22. financial accounting is concerned withA. general purpose financial statementsB. special purpose financial statementsC. tax retursD. management reports​


Answer:

b

Explanation:

it is special purpose financial statements.

Answer:

A. general purposes financial atatements


23. max 's house is big pronoun​


Answer:

the pronoun of it is

his house


24. 5. What is the purpose of the author in writing the selection? Castilo, K.E. (2016). Joy in Learning English S Vibal Group, Inc Y


Answer:

5. What is the purpose of the author in writing the selection?

Castilo, K.E. (2016). Joy in Learning English S Vibal Group, Inc

Y

Explanation:

:0


25. What is the primary offer of the above mentioned companies?choices:philhealthblue cross healthcare incphilam lifemaxicaresun life financialinsular health inc​


Answer:

Health Maintenance Organization (HMO)


26. The auditor has completed her assessment of subsequent events. the proper accounting for subsequent events that have a direct effect on the financial statements is to adjust the financial statements for the year under audit. adjust the financial statements for the year under audit. disclose in the notes to financial statement the amount of the adjustment. disclose in the notes to financial statement the amount of the adjustment. duly note in the audit workpapers that next year's financial statements need to be adjusted. duly note in the audit workpapers that next year's financial statements need to be adjusted. make no adjustment of the financial statements for the year under audit.


Answer:

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27. which of the following is Considered an internal user of entity A's finacial report? a. entity b, a bank, requires entity A to submit audited financial statement in conjunction to a loan being applied for by entity Ab. mr. I is deciding whether to invest in entity A. Mr. I uses Entity A's financial statement in making its investment analysisc. Ms. S, a shareholder of Entity A, is deciding whether to hold or sell her shareholdings in Entity A. Ms. S uses Entity A's financial statement in making its "hold or sell" analysisd. Mr. X a member of entity A's board of directors uses financial report to make decisions regarding the financial and operation affairs of Entity​


Answer:

c.

Step-by-step explanation:

basta sure nako na c. ans ng question mo


28. During a compilation of a non-public entity's financial statements, an accountant would be least likely to group of answer choices omit substantially all of the disclosures required by generally accepted accounting principles. read the compiled financial statements and consider whether they appear to include adequate disclosure. perform analytical procedures designed to identify relationships that appear to be unusual. issue a compilation report on one or more, but not all, of the basic financial statements.


Answer:

During a compilation of a non-public entity's financial statements, an accountant would be least likely to group of answer choices omit substantially all of the disclosures required by generally accepted accounting principles. read the compiled financial statements and consider whether they appear to include adequate disclosure. perform analytical procedures designed to identify relationships that appear to be unusual. issue a compilation report on one or more, but not all, of the basic financial statements.


29. max weber’s theory of the modern state


Answer:

The theory of the modern state is define as a community that successfully claims a monopoly over violence within geographical area, which required it to have legitimate and legal authority.


30. In its most recent financial statements, abeka inc. reported 50 million of net income and 810 million of retained earnings. the previous retained earnings were 780 million. how much is the dividends declared for the current year


Answer:

If you are a counselor what process and method will you use in assessing the client. Explain your answer by citing an example of scenario


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