Answer: False
Explanation:
Classification shifting is a method used whereby the core earnings are manipulated by misclassifying the items in the income statement.
One way that managers make use of classification shifting is by reporting the operating expenses for the business as nonoperating expenses. This is usually done in order to inflate the operating income.
The statement in the question is false as classification shifting by managers doesn't lead to under-reporting of total expenses and over-statement of bottom-line net income rather it lead to over reporting.
Answer and Explanation:
Q2) Calculate the amount that should be reported as net cash flow from operating activities:
Account Receivables = $40
Depreciation = $ 60
Since there is an in Account Receivables therefore it will be negative
Since depreciation is a non cash expense, therefore, it will be added
$60 - $40 = $20 (Net Cash flow from operating activities)
Q3) Amount as net income:
Revenue = $170
Depreciation ($60)
Net Income = $110
Q4)
Net inome = $170
Depreciation = $60
Increase in Accounts Receivables = ($40)
Net Cash flow from operating activities = $190
Answer:
If you are single, head of household or married filing separately, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $61,000 and is zero beginning at $71,000. If you are married, filing jointly, or a qualified widow or widower, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $98000 and is zero beginning at $118,000. So since they dont have an income limitation and are not covered by another pension plan, they both should be able to contribute $5,500 for a combined result of $11,000 to a Roth IRA
Answer:
$720.25
Explanation:
Given data:
Lana salary per hour = $18.15
total hour of work by her is 39 hr 41 minutes
we know from hundredth hour pay method
hundredth hr for 41 mints is 
so we have 39 hrs 41 minutes that can be written as = 39.6833
So, salary for 39.6833 is 
Running a company and protecting the interests of owners and other stakeholders is known as <u>Corporate Governance</u>.
<h3>What is a Corporate Governance?</h3>
Basically, the corporate governance refers to the system by which companies are directed and controlled.
The Boards of directors are responsible for the governance of their companies while the shareholders' role in governance is to appoint the directors.
Therefore, the running of a company and protecting the interests of owners and other stakeholders is known as corporate Governance.
Read more Corporate Governance
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