The value added statement simply rearranges information contained within the conventional income statement. As a result it
Question:
‘The value added statement simply rearranges information contained within the conventional income statement. As a result it is of little value to users.’ Discuss the validity of this statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (18 reviews)
VAS The VAS is in effect a rearrangement of the information already contained within the income stat...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Financial Accounting for Decision Makers
ISBN: 978-0273763451
6th Edition
Authors: Peter Atrill, Eddie McLaney
Question Posted:
Students also viewed these Business questions
-
(a) You are required to prepare a value added statement to be included in the corporate report of Hythe plc for the year ended 31 December 20X6, including the comparatives for 20X5, using the...
-
Multiple Choice Questions 1. Which of the following statements about ratio analysis is not true? a. Financial ratios can show how a company has done in the past but are not very useful in predicting...
-
The financial statements for Wilkerson Corporation follow. Additional information contained in the records revealed that equipment, having a cost of $ 37,600 and accumulated depreciation of $ 28,480,...
-
The North American and European continents are moving apart at a rate of about 3 cm/y. At this rate how long will it take them to drift 500 km farther apart than they are at present?
-
A column in the Wall Street Journal observes, "Independent websites like Edmunds.com, AutoTrader.com and Kelley Blue Book publish detailed pricing information [on automobiles] for consumers and do so...
-
1. What was the basis for Koontz arguing that there was a breach of the peace? 2. Did Chrysler have a right to repossess the car? 3. What determines the rights of the parties after default? 4. How...
-
Use responsibility accounting to define an organizational subunit as a cost centre, expense centre, revenue centre, profit centre, or investment centre.
-
Halloway Company has issued three different bonds during 2010. Interest is payable semiannually on each of these bonds. 1. On January 1, 2010, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2010,...
-
Read the problem below and answer An oil company inherits a "T" shaped oil tank. The tank is 10 feet thick throughout the entire tower. One cubic foot of oil equals 7.48 gallons. How many gallons of...
-
A barge is loaded with 150 tons of coal. The weight of the empty barge in air is 35 tons. If the barge is 18 ft wide, 52 ft long, and 9 ft high, what is its draft (i.e., its depth below the water...
-
CCA is not a method of accounting for inflation. There is really only one method and that is CPP. What might be the justification for such a statement?
-
Can you think of any drawbacks in providing interim financial statements for users?
-
You are supplied with a number of 100 resistors. Describe how you could combine the minimum number of these to make a 250 resistor.
-
Walmart can be viewed through two very different lenses. Some think the company represents all that is wrong with America, while others love it. In response to criticism, and in an attempt to...
-
The NCAA strives to prevent unethical behavior in collegiate athletics by objectively setting and enforcing standards of conduct. It also encourages and helps universities establish their own system...
-
off as a small search engine and ranking system and has become one of the most profitable Internet companies in the world. Today the company is the owner and provider of products that go above and...
-
The emergence of Uber has influenced many services to follow the Uber business model. There are similar firms that offer ride-sharing services, and there are firms that want to be an Uber-type...
-
Examine the process activities and transactions for the supply chain and production management process shown in Figure 12-3. a. Using the example transactions listed in the same figure, describe...
-
Refer to the Real Estate DataSaskatoon online, which reports information on list prices, type, number of full and half bathrooms, number of bedrooms, and total square feet. Sort the data into a table...
-
g(x) = x 5 5x 6 a. Show that g(x) = 0 has a root, , between x = 1 and x = 2. b. Show that the equation g(x) = 0 can be written as x = (px + q) 1/r , where p, q and r are integers to be found. The...
-
What is the point in flexing the budget in the context of variance analysis? Does flexing imply that differences between budget and actual in the volume of output are ignored in variance analysis?
-
Should all variances be investigated to find their cause? Explain your answer.
-
Should all variances be investigated to find their cause? Explain your answer.
-
A: December 31, 2021, Southern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in milions, except per-share amounts) (Click the icon to view the data)...
-
Part B Short Answer Questions Generally, each Part B short answer question would take about 250 words to answer adequately. Topic 4 (Foreign currency transactions) Sydney Ltd is an Australian company...
-
Concerning a RAL, which of the following is a true statement that needs to be discussed with the tax client? Question 16Select one: a. That the RAL is an "advanced" income tax refund b. A disclosure...
Study smarter with the SolutionInn App