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Naily [24]
2 years ago
13

What are noncash investing and financing activities, and how are they recorded in QuickBooks Accountant?

Business
1 answer:
Orlov [11]2 years ago
5 0

QuickBooks Accountant visit the employer menu and pick Make trendy journal Entries, make certain your debits same our credit when we are done.

Some making an investment and financing sports occur with out producing or consuming coins. as an instance, a enterprise may trade not unusual inventory for land or gather a building in change for a word payable.Big noncash financing and making an investment sports are reported at the agency's earnings declaration.

Non-cash transactions are always recorded in the income statement, as they directly effect general internet income, however do now not impact coins go with the flow. subsequent, you may need to create a contra account for your device to preserve music of your monthly depreciation price.can also

A magazine access is a report of the business transactions in the accounting books of a business. A nicely documented magazine access includes an appropriate date, quantities to be debited and credited, description of the transaction and a unique reference number. A magazine access is the first step inside the accounting cycle.

Learn more about noncash investing here:-brainly.com/question/28088065

#SPJ4

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yanalaym [24]

Answer:

Explanation:

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5 0
3 years ago
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A company commences business on 1 April. It buys the following units of inventory.
Nostrana [21]

Answer:

D £165,000​

Explanation:

The computation of gross profit for the year using the first in first out (FIFO) method of inventory  valuation is shown below:-

As we know that

Gross profit = Sales - the cost of goods sold

where

Sales is

= 500 units × £550

= £275,000

And, the cost of goods sold is

= 200 units × £250 + 300 units × £200

= £50,000 + £60,000

= £110,000

We considered only 500 units as these sold units are sold

And, this is a first in first out method so we pick the first date units only

So, the gross profit is

= £275,000 - £110,000

= £165,000

7 0
3 years ago
5. The Federal Reserve's organizationThere are members of the Federal Reserve Board of Governors.The Federal Reserve's role as a
Lady bird [3.3K]

Answer:

U.S. banks that cannot borrow elsewhere.

Explanation:

  • In the United States, the Federal Reserve goes as a last resort lender to companies that do not have certain other acquisition practices, and the inability to obtain loans can significantly impact the economy.
  • so correct answer is U.S. banks that cannot borrow elsewhere.

3 0
3 years ago
A few efficient and strong firms in the laptop industry have remained and emerged successful from the shakeout stage. Which of t
vesna_86 [32]

Answer:

maturity stage

Explanation:

At the maturity stage of the product's life cycle, the remaining companies will see their profits rise since the product is well accepted and its demand is high. The businesses will focus more on retaining their market share, since competition may between the remaining companies may increase. At this stage the main product should be improved or constantly modified to keep customers' preference and stand out over the competition.

8 0
3 years ago
Predictions using the supply-and- demand model for used cars are likely not reliable because consumers know less than suppliers
KonstantinChe [14]

Answer:

The answer is: Not reliable because consumers know less than suppliers about used car quality.

Explanation:

Predictions using the supply and demand (S&D) model are reliable when:

  • companies sell identical products,
  • everyone involved (suppliers and consumers) has full knowledge
  • about the price and quality of the products or services being offered,
  • both the suppliers and consumers are price takers (have no control to dictate prices), and
  • the costs of trading are low

If one or more of these conditions are not met, then the S&D model wouldn´t work properly. In this specific case, the suppliers had much information about the quality of the used cars than their customers.

4 0
3 years ago
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