Ask Question
BusinessBusiness
16 March, 10:51

Which financial planning document should you use to measure your current financial condition?

+3
Answers (1)
  1. 16 March, 11:48
    0
    Balance Sheet / Statement of Financial position is used to measure the current financial position of the company.

    Explanation:

    Balance Sheet / Statement of Financial position is used to measure the current financial position of the company. It shows the value of assets liabilities and capital invested in the company. It also provides the net financial value of the company after paying all the liabilities. On the other hand the Income statement or Statement of Financial performance shows the performance of the company in a specified period of time.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which financial planning document should you use to measure your current financial condition? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Proper segregation of functional responsibilities calls for separation of: A. custody, execution, and reporting. B. authorization, recording, and custody. C. authorization, payment, and recording. D. authorization, execution, and payment.
Answers (1)
Under a contractionary taxation policy, the government tries to improve its finances by
Answers (1)
If the nicks were to play against cavs who will win?
Answers (1)
What type of inmate labor system puts inmates to work cleaning public parks and maintaining roads and highways? select one:?
Answers (1)
A company's competitors are other companies that are trying to do what? A. Make a profit B. Analyze demographic trends C. Use their personal skills and abilities D. Take advantage of the same opportunity
Answers (1)
New Questions in Business
Which of the following statements is true of theories in economics? Theories in economics A. are used to construct models from which quantitative predictions can be made. B.
Answers (1)
Reducing (and sometimes eliminating) the size of engineering staffs has become a recent trend among airlines since they are no longer as involved with the design of new aircraft. A. True B. False
Answers (1)
Ashton Bank knows that its customer, Juan, has died. One day after Juan's death, Ashton Bank was presented a check for clearing of $3,000. The check was written by Juan a week prior to his death to Bailey Enterprises.
Answers (1)
Which of the following may be true for a company pursuing a strategy of unrelated diversification rather than a strategy of related diversification? a. The company has to achieve coordination between business units. b.
Answers (1)
Private markets fail to reach a socially optimal equilibrium when positive externalities are present because the A. private cost exceeds the private benefit at the private market solution. B.
Answers (1)
Home » Business » Which financial planning document should you use to measure your current financial condition?
Sign Up Forgot Password?