Purchase Solution

Information from balance sheet, importance of date

Not what you're looking for?

Ask Custom Question

What kind of information can be derived from the balance sheet?

Why is the date on the balance sheet important?

Purchase this Solution
Solution Summary

The expert examines the information from balance sheet and the importance of data.

Solution Preview

A company's balance sheet reports three main categories of items:
<br>- Assets
<br>- Liabilities
<br>- Owner's Equity
<br>
<br>Assets can be divided into current and long-term assets. Current assets are those assets that the company expects to convert into cash, sell or consume during the next 12 months. Long-term assets ...

Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Operations Management

This quiz tests a student's knowledge about Operations Management

Motivation

This tests some key elements of major motivation theories.

View More Free Quizzes
Related BrainMass Solutions

  • Events after the financial statement date

    SSAP 17 requires that financial statement be adjusted for material information known after the balance sheet date and before the publication of results if that information relates to events prior to balance sheet date.

  • Define each part of a financial plan

    Balance sheet is the statement which provides the information about the financial position of the company on a particular date by revealing the information regarding its assets, liabilities and owners' equity.

  • Prepare a balance sheet and operating income

    Explain how the ledger provides the information needed to prepare: the balance sheet and the operating statement. A balance sheet is the statement showing the financial condition of the company on a particular date.

  • Balance sheets / income statements

    What do balance sheets and income statements communicate? Balance sheet, tells about the assets and liabilities of business. It portrays the picture of the organization on a particular date.

  • Green Company: Reported Inventory, Balance Sheet

    Selected accounts from Green's balance sheet at the date of combination are as follows: Inventory $720,000 Buildings and Equipment (net) 1,000,000 Common Stock 840,000 Retained Earnings 1,100,000 Selected accounts from the balance sheet of White at acquisition

  • Cash vs. Accrual Accounting and the Importance of Income Statements and Balance Sheets

    Accrual Accounting and the Importance of Income Statements and Balance Sheets - Discuss the meaning of cash vs. accrual accounting. - Discuss the purpose of the income statement and the balance sheet. - What do these two statements tell us?

  • Write a memo explaning the financial statements

    date of the Balance Sheet.)

  • explain financial statements

    It portrays the picture of the organization on a particular date. The balance sheet highlights the financial condition of a company at a single point in time.

  • Consolidated Balance Sheet

    355196 Consolidated Balance Sheet The following summarised information relates to the balance sheet of the Tornado group of companies as at 31 March 2003.

View More Related Solutions