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chubhunter [2.5K]
11 months ago
11

Georgia Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative

balance​ sheet:Georgia Corp.Comparative Balance SheetDecember​ 31, 2025 and 202420252024​Increase/ (Decrease)Cash​$45,000​$27,000​$18,000Accounts Receivable​48,000​45,000​3,000Merchandise Inventory​180,000​132,000​48,000Total Assets​$273,000​$204,000​$69,000How will the change in Accounts Receivable be shown on the statement of cash​ flows?A.negative cash flow under the investing activities sectionB.positive cash flow under the financing activities sectionC.subtraction from net income under the operating activities sectionD.addition to net income under the operating activities section
Business
1 answer:
Lelu [443]11 months ago
3 0

The change in Accounts Receivable will be shown on the statement of cash​ flows as:

C. Subtraction from net income under the operating activities section.

Net income is calculated by deducting from total revenue the cost of sales, operational expenses, depreciation, interest, amortization, and taxes.

Change in Accounts Receivable:-  

Accounts Receivable  

           In 2019                                 $ 48,000  

           In 2018                                 $ 45,000  

Increase in Current Assets              $ 3,000  

This implies Cash outflow from Operating Activities.

Thus it should be subtracted from Net Income under the Operating Activities section.

Net income is a company's profit for a given period, whereas cash flow from operating activities measures the cash that comes in and goes out during a company's day-to-day operations. Net income is used to calculate cash flow from operating activities. However, both are important in determining a company's financial health.

For more information on Net income, visit :

brainly.com/question/14213197

#SPJ4

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It is generally agreed internationally that the one thing that can most readily undermine equity, efficiency and integrity in th
KiRa [710]

Answer:

Bribery

Explanation:

Bribery is an act of influencing someone's behavior to obtain an undue advantage through giving or receiving unearned rewards .It can be in the form of gifts , money , preferred treatment , and other form of favor , but what actually defines a bribe is the intention behind the gifts.

It  has a lot of negative effects either directly or indirectly on the public as it undermines equity , efficiency , integrity in the public service , undercut public confidence in markets , adds to transaction cost and effects the safety and well being of the general public .

3 0
3 years ago
The projected benefit obligation was $460 million at the beginning of the year. Service cost for the year was $25 million. At th
juin [17]

Answer:

The question is not complete:

Here is the complete question:

The projected benefit obligation was $460 million at the beginning of the year. Service cost for the year was $25 million. At the end of the year, pension benefits paid by the trustee were $21 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuaries discount rate was 5%. The actual return on plan assets was $24 million although it was expected to be only $23 million.

What was the pension expense for the year?

Here is the answer: The pension expense is $25 million.

Explanation:

Pension is the form of defined benefit contribution plan which require employers to make certain periodic contribution on behalf of employees. This contribution is reported as an expense in the income statement if even though the benefit has not been enjoyed by the employees. To determine the value of this expenses to be included in the income statement, the components of the pension expenses are relevant.

Components of pension expense are service cost, interest cost, return on plan asset, amortization of prior service costs and gain or loss from change in asset value.

Here is the determination of the pension expense as required by the question.

                                                                            $`M

Service cost                                                          25

Interest ($460,000,000*5%)                               23

Expected return on plan asset                           (23)

Amortization of prior service costs                       -

Gain or loss in change in value                           <u> -</u>

Pension expense                                                <u> 25</u>

4 0
3 years ago
John's job provided the main income for his family. He died unexpectedly and had no life insurance. The probable financial conse
Leto [7]

Answer:

An increase in income and expenses

Explanation:

When the main provider of a family dies and he/she doesn't have any type of life insurance, then the whole family's economy will suffer. Their total income will probably plummet. Besides losing John's income, his family must all the  expenses related to his death, e.g. burial. As a terrible consequence, John's family will see their standard of living decrease.

8 0
3 years ago
Dana spends several hours researching prices and online reviews of t-shirts for a school
Sunny_sXe [5.5K]

Answer:

B. The time spent on the task

Explanation:

The time that Dana spends carrying out her task is a cost to her.  That cost can be calculated by ascertaining the gains or benefits she has missed due to the research.

If Dana were not doing the research, she would be engaged in other activities. Those activities could have been of benefit to her, be it financially or otherwise. The benefits foregone are the cost of Dana doing the research.

8 0
3 years ago
What is a major advantage of globalization?
Alja [10]

Answer:

A. Businesses are able to sell products to customers around the world.

Explanation:

3 0
2 years ago
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