financial accounting
I’m taking financial accounting & I need someone to answer these 7 questions. due aftrer an hr at 11 pm
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- There are two methods for calculating the
allowance account, percent of sales and aging of accounts receivable.
Briefly describe the difference between these two methods.
- Name the 3 methods companies can use to depreciate assets.
- What is the difference between operating, investing and financing activities of a business? Provide an example for each area.
- . If the stated rate of a bond is issued above market rate it is issued at a ___Premium___________.
- . If the stated rate of a bond is issued below market rate it is issued at a ____Discount__________.
- True
or false – the notes to the financial statements are an integral part
of the financial statements and should be reviewed to gain a complete
picture of the company’s financial situation.
- True
or false – the external auditors are responsible for reviewing and
giving an opinion on the notes to the financial statements as well as
the overall financial statements
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