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Nataly [62]
2 years ago
5

If the Accounts Receivable balance is $10 million less than the balance at the beginning of the year, then on the statement of c

ash flows (indirect method) $10 million should be ______. Multiple choice question. subtracted from investing activities added to investing activities added to net income subtracted from net income
Business
1 answer:
alexgriva [62]2 years ago
6 0

$10 million should be added to net income.

<h3><u>What is Accounting?</u></h3>
  • Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
  • A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting.
  • They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting.
  • Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.
  • Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

Know more about Accounting with the help of the given link:

brainly.com/question/13310721

#SPJ4

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Equipment with a book value of $84,000 and an original cost of $167,000 was sold at a loss of $34,000. Paid $109,000 cash for a
adoni [48]

Answer:

$443,400

Explanation:

The computation of cash flows from investing activities is shown below:-

For computing the cash flows from investing activities we need to find out first the Sale of equipment

= $84,000 - $34,000

= $50,000

Net cash paid by investing activities = Sale of equipment - Purchase of new truck + Sale of land + Sale of Long-term investments

= $50,000 - $109,000 + $410,000 + $94,200

= $443,400

3 0
3 years ago
A company has a merit pay plan based on the relative performances of workers teams. Each worker is a team gets the same wage as
belka [17]

Answer:

C) One worker can easily sabotage the productivity of other workers.

Explanation:

This is a form of compensation by merit that comprises the performance of a team as a whole, so this is a way of motivating both group work and individual work.

In the scenario above, we can see that this compensation plan would be effective in leveraging the performance of individual workers, and of teams, because if each member of the team is more productive, it will benefit the team as a whole. And this method will not affect the productivity of other teams, as each team will be encouraged and engaged to do the best job possible to achieve merit pay.

The alternative that does not correspond to the question that this incentive may be better than other methods to motivate workers to work harder, is the one that says that a worker can sabotage the productivity of other workers, as that worker is also likely to be engaged in not sabotaging the work of other team members, as the remuneration bonuses depend on the effort of the entire team to work together, and not just one employee.

7 0
4 years ago
On November 19, Nicholson Company receives a $18,600, 60-day, 10% note from a customer as payment on account. What adjusting ent
mihalych1998 [28]

Answer and Explanation:

The adjusting entry is as follows

Interest receivable Dr ($18,600 × 10% × 42 days ÷ 360 days) $217

       To Interest revenue $217

(being the interest revenue is recorded)

Here the interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue

The 42 days are calculated from Nov 19 to Dec 31

7 0
3 years ago
Be possible in the United States?
zhannawk [14.2K]

Answer:

which things

Explanation:

pls tell us what is the question ⁉️

7 0
2 years ago
Read 2 more answers
The _____ is the product of the percent complete and the sum of the estimated costs of all the specific activities that make up
____ [38]

The answer is the total budget cost. It is the one responsible of the expense that the company needs and the estimated expense that they had used that may be of use as their basis and for the their future  period.


7 0
3 years ago
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