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harkovskaia [24]
2 years ago
8

Write a short memo to Ms Loki explaining the business performance findings of your statement of cash flow.

Business
1 answer:
UkoKoshka [18]2 years ago
8 0

The memo explaining the business performance findings from the statement of cash flow will entails:

  • address of the receiver
  • subject of the memo
  • body of the memo.

<h3>What is a statement of cash flow?</h3>

This refers to the financial statement that shows how changes in balance sheet accounts and breaks the analysis down to operating, investing and financing activities.

Hence, the memo will inform Ms Loki about  business performance findings especially on the cash position of the business such as the inflow and outflow of cash from the firm.

Read more about statement of cash flow

brainly.com/question/24179665

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Explanation:

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Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31
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Answer:

journal entry  based on straight line method are given below

Explanation:

given data

issues = $570,000

rate = 8.5 %

time = 4 year

issued = $508,050

market rate = 12%

to find out

prepare journal entry

solution

journal entry  based on straight line method

date                    general journal                              Debit             Credit  

June 30               bond interest expenses                $31969  

                            Discount on Bonds payable                                $7744

                             = (570000-508050 ) ÷ 8

                              Cash = 570000 × 8.5% ÷ 2                                $24225

December 31       Bond interest expense                  $31969  

                            Discount on Bonds payable                                $7744

                             = (570000-508050 ) ÷ 8

                              Cash = 570000 × 8.5% ÷ 2                                $24225

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To be classified as a cash equivalent, an item must be readily convertible to a known amount of cash and have an original maturi
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Answer:

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Cash equivalents are assets that can be easily converted into cash, but in order for an asset to be considered a cash equivalent its cash conversion period (i.e. maturity) must be less than 3 months or 90 days. E.g. securities that mature in 9 months are current assets, but not cash cash equivalent.

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