The balance sheet contributes to financial reporting by providing a basis for all of the following...
The balance sheet contributes to financial reporting by providing a basis for all of the following except
a. computing rates of return.
b. evaluating the capital structure of the enterprise.
c. determining the increase in cash due to operations.
d. assessing the liquidity and financial flexibility of the enterprise.
Homework Answers
Correct answer----(c) determine the increase in cash due to operation.
.
Balance sheet does not provide details regarding operating cash flow. Cash flow statement provides operating cash generated.
balance sheet helps in assessing the liquidity and financial flexibility of the enterprise and to compute rate of return such as return on assets, return on equity etc.
Capital structure of the company is also evaluated using balance sheet.
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The balance sheet contributes to financial reporting by
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