Statement of Financial Position.docx - Statement of Financial Position(Globe It has been observed that the Statement of Financial Position of the Globe

Statement of Financial Position.docx - Statement of...

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Statement of Financial Position (Globe) It has been observed that the Statement of Financial Position of the Globe Telecom, Inc. has all the elements needed in order to show the summary of the company’s resources, obligations, and the equity of the owners. Aside from that, the company also classified their resources and obligation by current and non-current. In addition, the assets, liabilities, and equity are arranged in a vertical manner because they are using a Report Form as their way to show their accounts titles. Statement of Comprehensive Income the purpose of the statement of comprehensive income is to provide information to the company and investors about the financial performance of the business over the accounting period. This financial statement is concerned with the profitability of the company. If the statement of financial position only shows the assets, liabilities, and equity of the company, the income and expense are the ones that can be seen in this financial statement. The Globe telecom choice to present their statement
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  • Spring '17
  • Jane Smith

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