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Author Question: Which statement regarding financial statements is true? (Read 79 times)

Darron12

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on: Aug 7, 2023
Which statement regarding financial statements is true?

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Accounts receivable are reported as a current liability on the balance sheet.


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If a company uses some of its bank deposits to buy short-term, highly liquid marketable securities, this will cause an increase in its current assets as shown on the balance sheet.


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If a company pays less in dividends than it generates in net income, its retained earnings as reported on the balance sheet will increase from the previous year’s balance.


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If a company issues new long-term bonds during the current year, this will decrease its reported current liabilities at the end of the year.

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Marked as best answer by Darron12 on Aug 7, 2023

Afvelasquez

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Darron12

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Reply 2 on: Aug 7, 2023
Excellent

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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