Income Statements
When intangible assets loses value over time it is called
Amortization
Is prepaid insurance an asset or a liability?
Asset
Cash Paid to Suppliers belongs to which part of the Statement of Cash flow?
Operating activities
The smallest active volcano in the world with a unique geological feature located on an island within a lake.
Taal Volcano
TRUE or FALSE. Depreciation expense is not shown on the income statement since it is a non-cash expense.
FALSE
What type of account is notes payable?
Current Liability
These include (1) acquiring and selling of (a) securities that are not cash equivalents and (b) productive assets that are expected to benefit the firm for long periods of time
Investing activities
A popular Filipino dish from Pampanga, made from chopped meat, most traditionally pig's head (ears, cheeks), seasoned with calamansi, onions, and chilies, and often served sizzling on a hot plate.
Sisig
What expense represents the cost of borrowing money?
Interest expense
Balance sheet shows what a company owns and ____
owes
Cash Received from Customers belongs to which part of the Cash flow statement?
Operating activities
It is a small buffalo belonging to the family Bovidae. It is endemic to the island of Mindoro in the Philippines, and is the only endemic Philippine bovine.
Tamaraw
TRUE or FALSE. Net Operating Income is the same with Earnings Before Interest and Taxes (EBIT)
TRUE
Which part of the balance sheet shows ownership interest?
Equity
Include borrowing from creditors and repaying the principal and obtaining resources from owners and providing them with a return on the investment
Financing activities
He is the new appointed DPWH Undersecretary
Vince Dizon