BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The line items to be included on the face of the statement of financial position are except:
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property, plant and equipment
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inventories
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cash and cash equivalents
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revenue
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Explanation:
Detailed explanation-1: -Answer and Explanation: Net Income appears on both the income statement and the statement of owner s equity.
Detailed explanation-2: -Four components that are included in the shareholders’ equity calculation are outstanding shares, additional paid-in capital, retained earnings, and treasury stock. If shareholders’ equity is positive, a company has enough assets to pay its liabilities; if it’s negative, a company’s liabilities surpass its assets.
There is 1 question to complete.