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love history [14]
3 years ago
12

In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a(

n): a) subtraction from net income. b) addition to net income. c) addition to cash flow from investing activities. d) subtraction from cash flow from investing activities.
Business
1 answer:
Alex17521 [72]3 years ago
4 0

Answer: A - Addition to net income under the operating activities

Explanation: Under the indirect method of cash flow, loss on the sale of equipment will be treated under the operating activities.

Here, the loss will be added under the operating activities of the organisation because it is a loss.

While a profit on sale of equipment will be deducted under the operating activities.

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Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 2011. The note, along with interest at 6%, is
Paul [167]

Answer:

$39,220

Explanation:

The maturity value of the note receivable on June 30, 2012

= Principal + Interest

= $40,000 + $40,000 x 6%

= $40,000 + $2,400

= $ 42,400

The note is discounted on September 30, 2011. Time period remaining to go till maturity as on September 30, 2011

= 12 - 3 months ( July, Aug and Sep)

= 9 months.

Amount of deduction  

= $ 42,400 x 10% x 9/12

= $ 3,180

Finally, the Cash received by Ireland will be

= Maturity value - Discount

= $42,400 - $ 3,180

= $39,220

5 0
3 years ago
One way that you can create your personal brand online is to keep a____ A) Journal b)blog c) email . Not only can you post your
Firdavs [7]

Answer:

b)blog

a) Branding

Explanation:

The blog is a social media content strategy that gives the creator the autonomy to decide what personal content he wants to show to the public. It has a broad space to include different topics and always allow to detail the professional skills of the autor.

This tool is very usefull to create a personal brand that shows to job recruiters the advantages of hiring you.

3 0
3 years ago
Read 2 more answers
âas an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely:
Ilya [14]
Answer:  " DECREASES" .___________________________________
4 0
3 years ago
Luther Corporation Consolidated Balance Sheet December​ 31, 2006 and 2005​ (in $​ millions) Assets 2006 2005 Liabilities and ​St
jeyben [28]

Answer:

Luther Corporation

Current Ratio for 2006 is closest to:

1.1 : 1

Explanation:

a) Data and Calculations:

Total Current Assets = $144 million

Total Current Liabilities = $132 million

Current Ratio = Current Assets/Current Liabilities

= $144/$132

= 1.1 : 1

b) Luther Corporation's current ratio is a liquidity measure that shows Luther's ability to pay off short-term obligations worth $132 million or those due within one year with its current assets of $144 million.  The ratio tells investors and analysts of Luther Corporation how Luther can use its current assets to pay off its current debts.  Since Luther's current ratio is higher than 1, it is considered good, depending on the industry average.  This means that Luther's current ratio of 1.1 : 1 should not be considered in isolation, but in comparison with other firms in the industry and its performance over a number of years.

6 0
3 years ago
XYZ Co. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has an u
leva [86]

Answer:

$16,700

Explanation:

The computation of the ending balance in the allowance for doubtful account is shown below:

= Unadjusted credit balance + Net credit sales × estimated bad debt percentage

= $4,100 + $210,000 × 6%

= $4,100 + $12,600

= $16,700

We simply added the unadjsuted credit balance and estimated amount after considered the estimated bad debt percentage

4 0
3 years ago
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