Question and answer
As Krista explained to her daughters Ashley and Cameron, the report that provides a picture of the firm’s assets and its sources of financing at a point in time is the (Points : 4) balance sheet. income statement. cash flow statement. asset list.
s
Question
Asked 11/17/2014 10:51:57 PM
Updated 11/18/2014 8:00:35 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by debnjerry [11/18/2014 8:00:01 AM], Confirmed by debnjerry [11/18/2014 8:00:02 AM]
Get an answer
Original conversation
User: As Krista explained to her daughters Ashley and Cameron, the report that provides a picture of the firm’s assets and its sources of financing at a point in time is the (Points : 4) balance sheet. income statement. cash flow statement. asset list.

Weegy: The report that provides a picture of the firm s assets and its sources of financing at a point in time is the balance sheet.


User: Fixed assets include (Points : 4) land. copyrights. contingency funds. goodwill.

Weegy: Fixed assets include Land
newbre|Points 50|

User: Current debt represents amounts borrowed from banks or other lending sources for _____ or less. (Points : 4) 2 years 6 months 1 quarter 12 months

Question
Asked 11/17/2014 10:51:57 PM
Updated 11/18/2014 8:00:35 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by debnjerry [11/18/2014 8:00:01 AM], Confirmed by debnjerry [11/18/2014 8:00:02 AM]
New answers
Rating
8
Current debt represents amounts borrowed from banks or other lending sources for 12 months or less.
Added 11/18/2014 8:00:35 AM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
It is not necessary to post adjusting entries
Question
Updated 11/26/2014 12:13:38 PM
1 Answer/Comment
It is not necessary to post adjusting entries. This is False.

Added 11/26/2014 12:13:38 PM
This answer has been confirmed as correct and helpful.
A key characteristic of a partnership is that each partner (Points : 4) must contribute capital to the business. shares in company assets upon the dissolution of the partnership. is capable of legally contracting. must manage the business.
Weegy: A key characteristic of a partnership is that each partner is capable of legally contracting. User: A corporation (Points : 4) is chartered under state laws. is chartered under federal laws. remains in existence only as long as its owners are alive. shifts liability of its debts to its owners. (More)
Question
Not Answered
Updated 11/17/2014 11:05:34 PM
1 Answer/Comment
A corporation is chartered under state laws.
Added 11/17/2014 11:05:34 PM
This answer has been confirmed as correct and helpful.
It is permissible to enter information about a transaction in the ledger accounts first, before entering the information in the journal. (Points : 3) True False
Weegy: It is permissible to enter information about a transaction in the ledger accounts first, before entering the information in the journal. FALSE (More)
Question
Expert Answered
Updated 11/22/2014 7:39:22 AM
0 Answers/Comments
If the owner of a company invested cash in a business enterprise, the transaction would include (Points : 3) debiting Cash and crediting Capital. debiting Capital and crediting Cash. debiting Cash and crediting Revenue. debiting Revenue and crediting Cash.
Weegy: If the owner of a company invested cash in a business enterprise, the transaction would include: debiting Cash and crediting Capital. (More)
Question
Updated 11/22/2014 7:38:51 AM
0 Answers/Comments
A post-closing trial balance is used to prove the equality of debit and credit balances in the general ledger accounts after the closing entries have been posted. (Points : 3) True False
Weegy: A post-closing trial balance is used to prove the equality of debit and credit balances in the general ledger accounts after the closing entries have been posted. True (More)
Question
Updated 7/5/2015 5:51:15 PM
0 Answers/Comments
34,460,386
questions answered
Popular Conversations
The correct plural of the noun attorney is _______. The primary ...
Weegy: The correct plural of noun attorney is attorneys.
9/17/2021 5:26:50 PM| 15 Answers
The correct plural of the noun attorney is _______. The primary ...
Weegy: The correct plural of noun attorney is attorneys.
9/22/2021 12:44:42 PM| 12 Answers
For each blank, write a word that is an antonym of the italicized ...
Weegy: He couldn t bear the cold of Alaska after living in the HEAT of Texas.
9/21/2021 6:52:09 PM| 9 Answers
Another name for World War I is _______. Nationalism, alliances, ...
Weegy: Another name for World War I is: the Great War.
9/23/2021 3:46:55 PM| 6 Answers
What’s the reciprocal of 7:9
Weegy: The reciprocal of 7:9 is 1/7: 1/9.
9/18/2021 5:31:04 PM| 4 Answers
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
L
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
P
1
L
P
1
Points 729 [Total 6602] Ratings 14 Comments 589 Invitations 0 Offline
S
L
Points 634 [Total 868] Ratings 1 Comments 624 Invitations 0 Offline
S
L
P
P
L
P
Points 467 [Total 7677] Ratings 14 Comments 327 Invitations 0 Offline
S
L
Points 447 [Total 613] Ratings 6 Comments 387 Invitations 0 Offline
S
L
R
P
Points 208 [Total 3157] Ratings 8 Comments 128 Invitations 0 Offline
S
L
Points 158 [Total 1510] Ratings 1 Comments 148 Invitations 0 Offline
S
L
P
P
Points 145 [Total 3920] Ratings 2 Comments 125 Invitations 0 Offline
S
L
Points 136 [Total 162] Ratings 0 Comments 136 Invitations 0 Offline
S
L
L
P
Points 131 [Total 5926] Ratings 1 Comments 121 Invitations 0 Offline
S
L
Points 118 [Total 144] Ratings 6 Comments 58 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.