Financial statement analysis involves all of the following except: multiple choice the application of analytical tools to general-purpose

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Financial statement analysis involves all of the following aspects except for one: the application of analytical tools to general-purpose financial statements and related data for making business decisions; transforming accounting data into useful information for decision-making; enabling users to make better decisions; reducing uncertainty in decision-making; or assuring that the company will be more profitable in the future.

Anonymous · Accepted Answer

The correct answer is does not assure the company that it will be more profitable in the future.Explanation:Financial statements is the one of the most important statements for the company which is prepared or made by the management of the company, it represents the financial position and the performance for a particular period.It involves the income statements, statement of cash flows, balance sheet and statement of owner's equity. It analysis the profit, transform the data so that can be used in decision making. But does not assure the company that it will be more profitable in the future.

Anonymous · Answer

The correct answer is c. Expenses are reported on the income statement when cash is paid.Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.Based on the above definition, only option C does not align with the matching principle because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means cash basis of accounting is being applied.

Anonymous · Answer

A,C and D are the answers Step-by-step explanation:Just took a quiz

Anonymous · Answer

cExplanation:It affects balance

Anonymous · Answer

Chord AB is the diameter of circle O.Step-by-step explanation:The law of detachment states that if the following two statements are true;(i) if p then q(ii)pThen the third true statement is;(iii)qIn this case;Let (i) If a chord extends through the center of a circle p  (ii)It is the diameter of the circleqThen (i) and (ii) can be written as;(i) If p then q(ii) pHere q is true, Chord AB is the diameter of circle O.Learn MoreLaw of detachment Keywords: law of detachment, statements,true,chord, center of circle,diameter#LearnwithBrainly

Anonymous · Answer

Correct option is (a) Explanation:The statement that liability frauds are easier to detect than any other type of financial statement fraud is false. Asset overstatements or frauds are easier to detect than liability understatement. This is because, overstated assets are reported in the balance sheet while understated liabilities are not reported at all. So, they go undetected. Overstated assets can be analyzed by the investigators by analyzing the assets if they actually exist and if the amounts reported are genuine or not.

Ben Willms · Answer

D. All of the options are correct.Explanation:

Anonymous · Answer

DStep-by-step explanation:

Anonymous · Answer

packaging refers to a type of food processing to improve a food's shelf life, whereas food preservation helps prevent food decay and contamination.

Anonymous · Answer

Statement 1: TRUETrade is one of the most important sources of growth. Trade helps the economy to specialize in what they produce more efficiently and allow them to sell it to the customers who valued them most. This ensures lower cost of production and higher profit margins. Therefore, some countries spacializes in medical procedures and enable to decrease cost. This cost differential attract people arround the world to import medical treatment service and this increases medical tourism.Statement 2: FALSEThe main functions of GATT is to reduce the tariff and other form of protection and promoting a free trade and globalization.Statement 3: FALSEThe economy has trade deficit not until 1970s. The avarage trade balance until 1969 was 2.766 billions of dollar that went to deficit in 1972.Statement 4: FALSEThe people think that these trade barriers should be removed as it is an era of globalization in every sphere and aspect internationally.

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Financial statement analysis involves all of the following except: multiple choice the application of analytical tools to general-purpose

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