Answer:
The correct answer is A
Explanation:
Financing activities are those activities which involve the cash payments as well as cash receipts, that relate to the external financing of the business and also involve the obtaining of resources from the owners and repay resources to creditors.
The example of financing activities are repayment as well as borrowing of money, issuance of the securities and payment of dividends.
So, from the above options, the one which is reported as the financing activities in the cash flows statement involve is the payment of interest on the bonds payable.
Answer: A retailer in Sweden receives goods from Mexico to sell in a chain of stores.
Explanation:
Import is when goods are brought from other countries into a particular country. On the other hand, exports are the goods that one sells to other countries.
From the options given, it should be noted that the importing activity is when a retailer in Sweden receives goods from Mexico to sell in a chain of stores. The goods being brought from other countries into ones country shows that it's an import.
Answer:
1. Cash will increase by $18,700 for the services to be rendered over the 12 months.
2. Cash will reduce by $64,000 for the legal service acquired.
3. No effect on cash as the transaction is on accounts.
4. Cash will decrease by $1,250 for the supplies purchased.
5. Cash will decrease by $6,000 for the dividends paid.
6. Cash will decrease by $20,000 due to operating expenses
7. no effect on cash
8. no effect on cash.
Explanation:
The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.
The correct answer is false
Answer:
a. Lisa's realized and recognized gain or loss is unknown
b. Alfred's recognized gain of $71,340 if he subsequently sells the property for $261,580
Alfred's recognized loss of $35,670 if he subsequently sells the property for $154,570
Explanation:
a. We do not know the amount Lisa costed to buy this business property, thus can't define her gain or loss.
b. Alfred cost $190,240 to buy this property, the he will gain if sell higher or lost if sell lower.
The gain $71,2340 = selling price $261,580 - cost $190,240
The loss $35,670 = selling price $154,570 - cost $190,240
