Which of the following should be part of a balance sheet and which should be part of
Question:
Which of the following should be part of a balance sheet and which should be part of a cash budget?
a) Mortgage owed
b) Principal payment to be made
c) Dividend payments
d) Social Security payments
e) IRA account
f) Gifts to children
g) Mutual fund shares
h) Interest owed
i) Antiques
j) Credit card balances
k) 401(k) contribution
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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