What is the purpose of financial statements? A. To provide a record of daily transactions B. To be used by investors and management for decision-making C. To serve as a historical record of the company D. To be used as a marketing tool ...
因此,正确答案是:the purpose of financial statements is to provide information about the financial position and operating results of a company to various stakeholders.接下来,我们来看一道关于财务风险管理的题目。题目如下: 开学特惠 开通会员专享超值优惠 助力考试高分,解决学习难点 新客低价 最低仅0.1元开通...
C.To reduce the cost of the asset in the statement of financial position to its estimated D.To account for the ‘we相关知识点: 试题来源: 解析 A It is never B as funds are not set aside, nor C, this is revaluation, nor D - depreciation hasnothing to do with the wearing out of as...
Managers commonly meet to review financial statements and assess needs for action.Getty There are four primary financial reports a business must issue at the end of its fiscal period, and their purposes vary based on content and applicable regulations. This quartet of financial data synopses includes...
Consolidated Financial Statements:A holding company prepares consolidated financial statements to present the parent company's financial position and its subsidiaries' financial position in one place in order to make the presentation simple.Answer and Explanation: ...
What is the purpose of accounting?Financial Accounting:Financial Accounting is a field of accounting that summarizes, analyzes, reporting and consolidates financial information. It involves preparation of financial statements which will be used by both internal and external users for decision-making ...
What is the purpose of charging depreciation in financial statements? A.To reduce the cost of the asset in the statement of financial position to its estimated market value B.To ensure that funds are available for the eventual replacement of the asset C.To allocate the cost of a non-current...
What is the purpose of a trial balance? A. To summarize the financial statements B. To prove the accuracy of the accounting records C. To calculate the net income D. To determine the value of assets 相关知识点: 试题来源: 解析 B ...
百度试题 结果1 题目What is the purpose of adjusting entries in accounting? A. To increase profits B. To match revenues and expenses C. To reduce taxes D. To make the financial statements more complex 相关知识点: 试题来源: 解析 B
This set offinancial statementsis called “general purpose” because it consists of the basic financial statements that can be used by a broad group of people for a broad range of activities. Companies use this set of financial statements as a form offinancial reportingto communicate company perfo...