The ________ does not represent continuing operations in any way, but is simply a snapshot of the total worth of a firm at a given point in time.

Related MCQs

• Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date?
• ________is a simply the amount of cash coming in to a business.
• The focal point of financial management in a firm is:
• The major device for measuring the profitability of a firm over a defined period of time is the
• The ________ ratios help determines the degree of financial risk and earnings volatility present in a firm.
• In cash flows, when a firm invests in fixed assets and short-term financial investments results in
• A firm that issues stocks and bonds to raise funds results in
• The sources of side of funds flow statement shows the______ sources of funds of a firm.
• Which of the given area is NOT addressed by Business Finance?
• What will be the Gross Profit if , total sales is Rs 2,60,000,cost of net goods sold is Rs 2,00,000 & sales return is Rs10,000 ?