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What is a balance sheet support schedule?

Supporting schedules are additional details about balance sheet entries that are made as supplements. They help break down general categories of assets and liabilities into more detail. Typically, they are provided in the form of tables. Supporting schedules can offer greater disclosure to balance sheets.

What best describes the supporting schedule used in a financial model?

Answer. The supporting schedule used in the financial model summarizes the companys profit and loss. The choice is D. Financial models are employed when attempting to value a company or when contrasting one company with others in the same sector.

What are the schedules in balance sheet?

Supporting schedules are additional details about balance sheet entries that are made as supplements. They help break down general categories of assets and liabilities into more detail. Typically, they are provided in the form of tables. Supporting schedules can offer greater disclosure to balance sheets.

How do you present accounts receivable on a balance sheet?

An account receivable is recorded as a debit in the assets section of a balance sheet. It is typically a short-term assetshort-term because normally its going to be realized within a year.

What are balance sheet schedules?

The schedule provides proof or documentation of where the numbers come from. For example, the balance sheet schedule will not only list the assets, liabilities and equities of a company, but it will break down each of those categories into further sub-categories and provide a detailed listing within each one.

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