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topjm [15]
3 years ago
7

Under what section of the Statement of Cash Flows would you classify the purchase of equipment by issuing a long-term note payab

le? Multiple Choice Operating. Investing. Financing. Noncash activity.
Business
1 answer:
denpristay [2]3 years ago
7 0

Answer:

The correct option is d. Non cash activity

Explanation:

Operating Activity: The operating activity is that activity which records any changes ion the working capital or we can say increase or decrease in the currents assets and current liabilities.

Investing Activity: The investing activity records all those transactions which are related to the purchase and sale of fixed assets

Financing activity: It records those transactions which is for the long term i.e issue of shares, the redemption of debentures, etc.

All these three activities are term as cash activities because it includes cash transactions.

So, in the given question it is mentioned that the purchase of equipment by issuing a long-term note payable which is a non-cash activity because it does not have any cash transaction. It does not affect the cash balance.

Thus, under non-cash activity, we classify the purchase of equipment by issuing a long-term note payable

Hence, the correct option is d. Non-cash activity

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Mike has a car accident and Maria saves his life. To show his appreciation, Mike gives Maria a life estate in one of the homes h
jok3333 [9.3K]

Answer:

Jackie owns the property until Maria dies

Explanation:

In this specific scenario, Jackie owns the property until Maria dies. That is because, in common law and statutory law, a life estate also known as life tenancy is defined as the ownership of land for the duration of a person's life. Therefore since Mike granted life estate to Maria and not Jackie, the land is legally Maria's to do as she wishes up until the moment of her death. Once this comes to pass the land ownership is returned to Mike.

8 0
3 years ago
The first step of the accounting cycle is to
elixir [45]
A. Record journal entries
3 0
3 years ago
If education creates external benefits, a. actual market outcomes provide less than the efficient quantity of education. b. actu
777dan777 [17]

Answer:

The correct answer is c. actual market outcomes provide a higher price than the efficient price of education.

Explanation:

In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.

Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.

4 0
3 years ago
​coca-cola is superior to its competitors in its distribution of products. this is an example of​ _____ competency.
hichkok12 [17]

The fact that Coca-Cola is superior to its competitors in its distribution of products is an example of​ distinctive competency. Coca Cola as a company has practices, technical skills, technologies and resources that increase its competitiveness with comparison to other companies.  Distinctive competencies are the competencies that differentiates the brand from competitors.

3 0
3 years ago
An activity's normal time and cost are 8 and $100, respectively. its estimated crash time and cost are 6 and $160, respectively.
tester [92]

The activity's crash cost per time unit is $30.

Crash cost per time unit equals the cost slope.

Cost slope equals rise/run; therefore (crash cost - normal cost)/(normal time - crash time)

or ($160 - $100)/(8 - 6)

= $30.

Activity crash costs are the costs associated with choosing a faster alternative to do work. Note that this is the full cost associated with the alternative approach, not the added cost. Therefore, the formula returns a value representing the accident cost per period.

A project crash means adding additional resources to speed up the project completion time. Lowering normals can crash your project. Completion times for critical activities called activity crashes. This can be achieved by having more resources to run them.

Learn more about crash activity here:brainly.com/question/18349575

#SPJ4

3 0
1 year ago
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