Answer:
(D)Gold Coins
Explanation:
The term Personal property is used to refer to assets owned by an individual other than land or buildings. Personal properties are movable, and so can include such assets as equipment, furniture, home appliances, and vehicles. This type of property can also be intangible items such as assets, stocks and bonds.
Automobiles, Furniture and Old Rugs although are personal properties cannot be easily converted to cash, therefore it is not included on the balance sheet.
The appropriate response is Strategic Human Resource Management. It is the proactive administration of the representatives of an organization or association. Vital human asset administration incorporates run of the mill human asset segments, for example, contracting, train, and finance, and furthermore includes working with representatives in a community oriented way to support maintenance, enhance the nature of the work involvement, and amplify the common advantage of work for both the worker and the business.
Answer:
a) although both methods result in the same net increase or decrease in cash for the year, net cash flow from operating activities will be different under the two methods
Explanation:
Using the indirect method, computation of cash flow from operating activities begins with net income as shown in the income statement. The FASB also permits both methods but has expressed a preference for the direct method and the direct method shows the specific cash inflow and outflows for each operating activities of the business.
This option that does not align with the differences between the 2 methods is that the cash flow reported under direct and indirect method for operating activities would always remain the same notwithstanding the method used.
The periodic expensing of an asset over the property’s
theoretic economic life is known as the depreciation. Depreciation occurs when
there is a presence of the utility’s loss and in the same time, there is a
physical deterioration or economical obsolesce that causes a value or that both
may occur in the same time.
Answer:
Creative Sound Systems should report $18,800,000 as net cash flows from financing activities
Explanation:
Cash flow Financing activities are the funds that the business acquire or paid to finance its main activities, these involve borrowing and repaying short-term loans, long-term loans and other long-term liabilities.
From the question, Cash inflow from Issue of common share and Cash outflow from purchase of treasury stock are the only recognizable Financing activities
Particulars Amount
Cash inflow from Issue of common share $39,600,000
Cash outflow from purchase of treasury stock -$20,800,000
Net cash flows from financing activities $18,800,000