Answer:
C. Recording Income.
Explanation:
The first step to prepare a cash flow statement is to show the Net Income of that company. It is an operating cash flow activities, one of three activities of cash flow statement.
Answer Choice A can not be the answer as the company cannot record any goals in cash flow because cash flow is a statement of cash inflow and outflow.
Answer choice B cannot be the answer as expenses are not shown in the cash flow statement either (If indirect method). However, after adjusting prepaid and advance or paid to suppliers are shown below the noncash account.
Answer choice D is not an option as tax information can be shown only if they are accrued or prepaid.
Therefore, C is the correct answer.
If Contracted parties discharge their obligations by doing what they respectively agreed to do: this is called discharge by <u>performance</u>
<h3>What is Discharge by performance?</h3>
Discharge by perfomance can be defined as the process in which a parties in a contract agreed to carryout or agreed to perform their duties based on the terms of their agreement.
By doing so the parties has fulfil their obligation based on their contract agreement which is know as discharge of performance.
Therefore this is called discharge by <u>performance</u>
Learn more about Discharge by perfomance here:brainly.com/question/8307959
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Answer:
$74108
Explanation:
Solution
Given that:
Deposit = $4,500
Interest rate =8.57%
Plan to deposit =$3000 at the end of 5 years through 1
n= 20 years
Now
We apply the formula given below:
A=P(1+r/100)^n
Here
A=future value
P=present value
r=rate of interest
n=time period.
Thus
=4500(1.0857)^20+3000(1.0857)^15+3000(1.0857)^14+3000(1.0857)^13+3000(1.0857)^12+3000(1.0857)^11+3000(1.0857)^10
=$74108
Therefore the account value at 20 years (ending) is $74108
Banks proved extremely unstable, and we had a history of the rich holding most of it
Answer:
Interest earned on an investment is considered to be tax free until you sell the investment.
Explanation:
Time Value of Money is Simply know as to the truth or fact that money received today is worth more money received next year or the year after it.
Future Value is the rate or amount of money an investment will grow to over some period of time at some given interest rate. Investment is simply known as the buying or purchase of assets with the aim of increasing future income and interest.
After-tax rate of returns of investments depends on Before-tax rate of return., When investment income and gains are taxed,Taxed annually, e.t.c.