Based on the various account balances that Birch Company has, they should report a total of<u> $38,061 </u>for Cash and Cash equivalents.
Cash and Cash Equivalents are the actual cash that a company holds as well as those that can readily be converted to cash.
They include:
- Actual cash
- Cash in bank
- Cash in petty cash
- U.S. Treasury bills
- Money market funds
The total of cash and cash equivalent here are:
<em>= Cash in registers + Cash in bank + Cash in petty cash + U.S. Treasury bills</em>
= 2,910 + 23,631 + 320 + 11,200
= $38,061
In conclusion, Birch Company has Cash and Cash Equivalents of $38,061.
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Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.
- Net income is simply known to be the gross profit and removing all other expenses, costs and any other income and revenue sources that are not included in gross income.
A lot of other costs is often removed from gross to make it be at net income. They include interest on debt, taxes, and operating expenses or overhead costs.
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combat unemployment?
Explanation:
That seems the likeliest answer compared to the others since national parks provide jobs.
Answer:
Business interest deduction limitation does not allow net business expenses (business interest expense less business interest income) greater than 30% of the adjustable tax income of the business.
Amounts that fall into this category can be carried for Ward to future tax years for indefinite number of times until it can be applied.
Individuals exempted from business income deduction limitation include real estate and farming businesses. For these businesses they are not automatically exempted, but must elect to be exempted.
Explanation: