Answer:
Cooperative is the right answer.
Explanation:
A cooperative is a private organization whose operations are controlled by the owners and by those who use its products. By defination Cooperative is the right answer because mutual funds are the investment in which the owner can only withdraw or deposit in it. Furthermore, partnership is a kind of business in which shareholders pool their resources and earn a share of profit from it. Coorporation is a public company and is owned by a lot of shareholders, governed by the companies act and rules and regulations.
Answer:
D) $1,000,000 increase
Explanation:
The computation of the change in net position would be shown below:
= Expenditures for debt service - Interest - proceeds of bonds
= $12,000,000 - $7,000,000 - $4,000,000
= $1,000,000
As the interest and the proceeds of bond is already included in the expenditure for debt service, so for accurate amount, we have to deduct these two items. Since the expenditure for debt increase is more than the total of other items, so it would increase in net position
Answer:
Operating cash receipts minus operating cash payments equals net cash provided (used by) operating activities.
Explanation:
A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.
The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;
1. Cash-flow from financing activities: it represents the cash flow from debt or equity. Typically, it's the costs used in a financing a business.
2. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments, etc.
3. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods, etc.
In Financial accounting, the direct method of reporting operating cash flows uses actual cash inflows and outflows from the operating activities of a company by generating data from the income statement (cash receipts and cash disbursements/payments).
Hence, when the operating activities section of the statement of cash flows is reported using the direct method; operating cash receipts minus operating cash payments (disbursements) equals net cash provided, that is typically used by operating activities.
This is the research I did last year for my project on the Nigerian economy it would be nice if you could give me a good review
