Balance Sheet is based upon which of the following formula?

Related Mcqs:

Earning per share is computed as:

A.   ____________Earning After Tax_____________           No of common shares outstanding B.   ____No of common shares outstanding___ Earning after Tax C.  ____Earning before Tax____ Common shares D.   None of Them...

___________ is concerned with the acquisition, financing, and management of assets with some overall goal in mind.

A. Financial management B. Profit maximization C. Agency theory D. Social responsibility...

Which of the following costs are reported on the income statement as the cost of goods sold?

A. Product cost B. Period cost C. Both product cost and period cost D. Neither product cost nor period cost...

In which form of Business, owners have limited liability?

A. sole proprietorship B. partnership C. joint stock company D. none of the above...

Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date?

A. Income Statement B. Balance Sheet C. Cash Flow Statement D. Retained Earning Statement...