<span>If in December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years, then his transactions deposits will be $8,000,000, his total reserves will be all in all 8 million pennies.</span>
Answer and Explanation:
The items that should be reported on the cash flow statement is shown below;
On March 12 Purchase of fixed assets - investing activity - deducted - $104,300
On Oct 4 Sale of fixed assets - investing activity - added - $63,840
Gain on sale of fixed assets - operating activities - deducted - $31,710 ($95,550 - $63,840)
The answer is A. Equipment
Answer:
$17,000
Explanation:
The amount of credit balance is $18,000 which is then subtracted from the amount of Receivables which are written off which is $14,000. The difference of both the amounts is then subtracted from the allowance for uncollectible accounts which is required, the amount is $21,000.
Credit balance - Written off amount
$18,000 - $14,000 = $4000
Allowance for uncollectible accounts - $4,000
$21,000 - $4,000 = $17,000
<span>“I think you handled the problem in a very clever way.” is the correct sentence
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