Answer:
C. Proceeds from the disposal of a long-term asset with no gain or loss.
Explanation:
Operating activities: it involves those transactions that after net income written impact the working capital. It would subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and an increase in current liabilities.
It would adjust the changes in working capital. In addition, the depreciation expense adds to the net revenue. And the loss on asset sales is added, while the gain on asset sales is deducted
Loan account i believe
hope this helps :)
Answer:
$23,003
Explanation:
Computation for the claim against the insurance company.
Using this formula
Claim against insurance company = Total cost of goods available for sales - Cost of goods sold - Owned inventory on hand on July 16
Let plug in the formula
Claim against insurance company= ($41,010 + 90,490) - [($119,400 - $3,960)*100/140)] - ($33,210- $7,170)
Claim against insurance company= $131,500 - $82,457 - $26,040
Claim against insurance company= $23,003
Therefore the claim against the insurance company is $23,003
Answer: 2. Once multicurrency has been activated, it cannot be deactivated
Explanation:
Quickbooks is an accounting software mostly for small to medium businesses.
One of the features they offer is the multicurrency setting which enables users to record transactions in a host of foreign currencies.
This feature however requires care to be used simply because once it is turned on, it cannot be deactivated. For this reason Quickbooks warns the user several times before they activate it.
Answer:
C)
Explanation:
When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that Credits Checking account, Debits Accounts Payable. Meaning that it records a withdrawal (Credit) from your own checking account that was used to pay the bill, while simultaneously records a deposit (Debit) on the account that was just paid through the bill.
