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Sauron [17]
3 years ago
7

With a(n) _______ financial statement, the accountant has put the information into the required format and performed a limited r

eview of the information provided by managemen
Business
1 answer:
zheka24 [161]3 years ago
6 0
I’m not rlly sure what this answe is
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Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following i
Oxana [17]

Answer and Explanation:

The preparation of the operating activities section is shown below:

                                         Rodriguez Company

                             Statement of Cash Flows (partial)

Cash flows from operating activities:  

Net loss $ (6,400)  

Adjustments  

Add: Depreciation expenses $4,500

Add: Amortization of copyright $200

Add: Decrease in accounts receivable $5,000  

Add: Increase in salaries payable $11,000  

Less: Decrease in other current liabilities -$1,800

Net cash flow from operating activities $12,500

The negative sign reflects the cash outflow and the positive sign reflects the cash inflow

3 0
3 years ago
On June 1, Greendale Corp. issued $700,000, five-year bonds at 8%, with interest payable annually on May 31. The bonds sold for
elena-14-01-66 [18.8K]

Answer:

$23,709

Explanation:

Data provided in the question:

Amount of bond issued = $700,000

Duration = 5 years

Interest rate = 8%

Selling amount of bond = $728,700

Market rate of interest = 7%

Now,

Interest paid = Amount of bond issued × Interest rate

= $700,000 × 0.08

= $56,000

Interest expense = Amount of bond sold × Market Interest rate

= $728,700 × 0.07

= $51,009

unamortized premium = Selling amount of bond -  Amount of bond issued

= $728,700 - $700,000

= $28,700

Amortized amount = Interest paid - Interest expense

= $56,000 - $50,009

= $4,991

Balance  of the premiums on bonds payable account immediately following the first interest payment

= unamortized premium - Amortized amount

= $28,700 - $4,991

= $23,709

5 0
3 years ago
which of the following is not a requirement of the unlimited marital deduction? a.in order to claim a marital deduction on the 7
tamaranim1 [39]

The gross value of qualifying property left to the surviving spouse is included in the marital deduction. This is not a requirement of the unlimited marital deduction.

Hence, option D is the correct answer.

Unlimited marital deduction is a clause that enables a person to give their spouse limitless property at any time. This clause belongs to the federal estate of the United States. No limitation on the transfer of property is imposed.

There is no requirement for the gross value of the property that is kept for the surviving spouse under the unlimited marital deduction.

Option a is wrong because a husband and wife must be married in order to qualify for the unlimited marital deduction, this choice is incorrect.

Option b is improper since the property should be passed to the spouse through real estate under unlimited marital deductions.

Option c is erroneous because, in order to qualify for the unlimited marital deduction, the surviving spouse must be a citizen of the United States.

To know more about unlimited marital deduction: brainly.com/question/17983054

#SPJ4

5 0
1 year ago
Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa. True or False: Andesl
Makovka662 [10]

Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa.

Andesland is restrained by the resources it has to satisfy the various wants of its residents. The given statement is true.

One of the core principles of economics is scarcity. It indicates that there is a gap between the supply of an item or service and the demand for it. As a result, customers, who ultimately drive the economy, may have fewer options due to scarcity.

Given such shortages are unheard of in wealthy nations, Andesland must be a developing nation. When a country's resources are insufficient to meet all of its citizens' needs, the situation is referred to as scarcity. Even though it is less obvious in wealthy countries, scarcity still occurs.

Learn more about scarcity here brainly.com/question/3081250

#SPJ4

8 0
2 years ago
Justice told his boss he would finish the financial report by Friday. Following through on his commitment is example of which po
kondaur [170]
I believe it is "reliability!" Hope this helps :)
6 0
3 years ago
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