• 2022-06-06
    The income statement shows the financial position of a company on a certain date.
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    • 0

      Which accounts appear on which financial statement? Balance sheet Income statement

    • 1

      Which financial statement reports net income and dividends?( )。 A: Income Statement B: Statement of Cash Flows C: Statement of Retained Earnings D: Balance Sheet

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      中国大学MOOC: Recognition is the process of including within the financial statements items which meet the definition of an element according to the lASBsConceptual Framework for Financial Reporting.Which of the following items should be recognised as an asset in the statement of financial position of a company?

    • 3

      In practice, the income statement is frequently considered to be the least important financial statement.

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      The shareholder does not need a statement of financial position as only interested in future performance, while a supplier of goods on credit needs a statement of financial position, as they are only interested in the current state of affairs.