Finanzas ComercialesPregunta 1138 de 1632
Which financial statement reports a company's assets, liabilities, and owner's equity at a single point in time?
a.The job cost report, by project
b.The cash flow report, by week
c.The balance sheet, as of one date
d.The income statement, over a period
Explicación
The balance sheet is a snapshot at a single date showing assets, liabilities and owner's equity, and it obeys Assets = Liabilities + Owner's Equity. The income statement covers a span of time and reports revenue less expenses. The cash flow statement also covers a span, tracking money in and out rather than assets owned. A job cost report is internal and reports one project's costs against its estimate, not the company's financial position.
Practica las 1632 preguntas gratis — sin registro.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- A cash flow projection primarily helps a contractor:
- The current ratio is calculated as:
- A contractor has current assets of $200,000 and current liabilities of $80,000. What is his current ratio?
- The fundamental accounting equation is:
- A contractor's balance sheet shows total assets of $500,000 and total liabilities of $320,000. What is the owner's equity?
- Which statement summarizes revenues and expenses over a PERIOD of time to show profit or loss?
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)