Register
identify this financial statement: which financial statement would best display a companys plant propery and equipment use in their factory everyday to help generate a slaes revenue
85.6k views
4 votes
identify this financial statement: which financial statement would best display a companys plant propery and equipment use in their factory everyday to help generate a slaes revenue

User Georgi Georgiev
by
5.3k points

1 Answer

5 votes

Answer: C) Balance Sheet

Step-by-step explanation:

The Plant, Property and Equipment (PPE) that a company owns are reported in the Balance Sheet under Fixed Assets.

These Assets are considered investments because of their long term use and they help a company in generating it's sales Revenue.

They are also depreciated as well to account for the period they are in action and are usually recorded in the Balance Sheet at their Net amounts (depreciated amounts).

User Alex Zezekalo
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

Other Questions

On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
True or false - spreadsheet and databases are use for collecting and analyzing market research
Link Copied!