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The Income Tax Office sleuths who raided a business in Maharashtra's Jalna district and recovered a whopping Rs 56 crore in cash and 32 kilograms of gold, experienced disguised as a wedding bash so as to sustain the element of shock.  They made use of a whopping one hundred twenty vehicles to carry out the raid. The automobiles ended up disguised too -- they were being decorated as though part of a marriage procession, NDTV described.

Solution:AIf an owner desired to understand how funds flowed into and away from the corporate, which financialstatement would theowner use?

All of the next statements concerning the ratio of liabilities to operator’s equity are real excepta.A ratio of one indicates that liabilities equal proprietor’s fairness.b.Organizations can use this ratio but substitute total stockholders’ fairness for total owner’sequity.

d.assertion of retained earningsANSWER:BThe assets section of your harmony sheet Typically presents property inC

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All calculations are estimates and presented for informational purposes only. Genuine quantities might range.

The graph shows the distribution of age teams inside the neighborhood based upon knowledge for the 500 households located nearby

All calculations are estimates and offered for informational applications only. Real amounts may well change.

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Place the next actions for acquiring a credit rating plan in the right get of approach: A: The organization decides that it wishes to minimize option fees by owning as much cash readily available as

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a.profits statementb.balance sheetc.statement of cash flowsd.assertion of retained earningsANSWER:AIf an operator desired to understand how money flowed into and from the corporation, which financialstatement would theowner use?