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A few of the automobiles have been carrying messages like 'Dulhan Hum Le Jayenge'. Around 250 cash flow tax officers participated within the raid. So that you can not alert the goal, they ended up disguised as baratis. Their endeavours in the end paid out off. Besides the cash and gold, In addition they recovered diamonds really worth Rs 14 crore.
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Response:AIf an proprietor wished to understand how income flowed into and away from the corporate, which financialstatement would theowner use?
All of the subsequent statements concerning the ratio of liabilities to owner’s equity are genuine excepta.A ratio of one indicates that liabilities equal proprietor’s fairness.b.Businesses can use this ratio but substitute total stockholders’ equity for whole proprietor’sequity.
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Offered the following information:Compute the ratio of liabilities to proprietor’s equity for annually.Round to 2 decimal destinations.B
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Supplied the following knowledge:Compute the ratio of liabilities to operator’s equity for yearly.Spherical to two decimal areas.
a.income statementb.harmony sheetc.assertion of cash flowsd.statement of retained earningsANSWER:AIf an proprietor needed to know how dollars flowed into and out read more of the business, which financialstatement would theowner use?