Answer:
20%
Explanation:
300÷360×100 =20%. hence 300×100=30000÷100=20%
Answer: C it forces the writer to be specific early in the process
Explanation:
just did it
Answer:
Preparation of a statement of cash flows involves five steps
1. Compute net cash provided or used by operating activities.
This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.
2. Compute net cash provided or used by investing activities.
This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.
3. Compute net cash provided or used by financing activities.
This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.
4. Compute the net increase or decrease in cash
This is the section where the cash-flow from operating, investing and financing activities is been balanced.
5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.
After the cash-flow from operating, investing and financing activities is been calculated, Then, this section is also computed to derive the Closing/Ending cash balance
Answer:
Zero, because the selling of fixed asset is reported as cash inflow under investing activity.
Explanation:
Cash flow from investing activities includes all the investments in the long term assets and sale of investments or individual assets. The investment items may include Property, Plant and Equipment.
So this means that it will not be included in the Cash from Operating Activities because it is a Cash from Investing Activities.
Answer:
DEBIT SIDE $1,450,000
CREDIT SIDE $1,450,000
Explanation:
Preparation of a corrected unadjusted trial balance.
DEBIT SIDE
Cash $42,900
Accounts Receivable $123,500
Prepaid Insurance $27,000
Equipment $300,000
Dividends $5,000
Salary Expense $660,000
Advertising Expense $275,000
Miscellaneous Expense: $16,600
TOTAL $1,450,000
CREDIT SIDE
Accounts Payable $52,000
Salaries Payable $4,800
Common Stock $40,000
Retained Earnings $137,200
Service Revenue $1,216,000
TOTAL $1,450,000
Therefore the corrected unadjusted trial balance will have a debit and credit balance of $1,450,000
