Answer:
Reorganization
Explanation:
In liquidation, company technically no longer functions and creditor takes control of the company's assets and sells them to pay off the debt. But in reorganization debtor does not control of business, operates and restructures its debt obligations.
Answer:
e. Analogical reasoning
Explanation:
Analogical reasoning draws conclusions by comparing two similar situations by assuming that if both settings are similar, then both results should also be similar. In this passage, the speaker assumes that Alton Elementary School is similar to other schools and, therefore, its success in getting kids to eat vegetables could be replicated.
Answer:
$7,000 is the amount of revenue in year 1
Explanation:
The amount received from the customer is $24,000,which is payment for work to be performed over 24-month period i.e 2 years
In year 1,the work would be performed from June -December,hence 7-month worth of revenue should be recognized in year 1 as follows
revenue recognition in year=$24,000*7/24=$7,000
The amount of revenue attributable to year 1 on the income statement is $7,000
Answer:
$244 million
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow.
Hence net cash inflows from financing activities ($ in millions)
= -$128 - $128 + $286 + $308 - $94
= $244
The interest to bondholders is considered in the operating activities section.