Every time andres raises his hand, he receives one point. "raising his hand" is considered the:

ABC company issued 3000 shares of stock for $5 per share and issued 5000 shares for land valued at $10,000. How much cash did AB

stellarik [79]

Answer:

The cash received by ABC company from the issuing of stock is $15,000.

Explanation:

It is given that ABC company issued 3000 shares of stock for $5 per share.

The cash received by ABC company from the issuing 3000 shares of stock is

$Cash=3000\times \$5$

$Cash=\$15,000$

It is also given that ABC company issued 5000 shares for land valued at $10,000. It means ABC company received land instead of cash. So, total cash received by ABC company from the issuing of stock is $15000

Therefore, the cash received by ABC company from the issuing of stock is $15,000.

8 0

3 years ago

The net income reported on the income statement for the current year was $295,000. Depreciation recorded on fixed assets and amo

maksim [4K]

Answer:

The Net cash is 302.000

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

With the balance data, we get the decrease or increase of the differents accounts.

End Beginning Cash $ 50,000 $ 60,000

Decrease in cash -10000

Accounts receivable 112,000 108,000

Increase in accounts receivable 4000

Inventories 105,000 93,000

inventory increased 12000

Prepaid expenses 4,500 6,500

decreased Prepaid expenses -2000

Accounts payable (merchandise creditors) 75,000 89,000

accounts payable decreased -14000

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Net income 295.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 40.000

+ amortization of patents 5.000

- Decrease in cash (10.000)

- Increase in accounts receivable (4.000)

- inventory increased (12.000)

+ decreased Prepaid expenses 2.000

- accounts payable decreased (14.000)

Net cash 302.000

8 0

3 years ago

Rico does not work for Street Bikes Company, but wrongfully obtains inside information concerning the firm. Based on the informa

Juli2301 [7.4K]

Answer: The misappropriation theory

Explanation:

The misappropriation theory is basically describe about the various types of security fraud violation against the data source.

It is basically uses for the insider trading and when the individual person misusing the confidential data or information and also violating all the securities laws.

According to the question, the given argument is basically describe about the misappropriation theory.

Therefore, The misappropriation theory is the correct answer.

5 0

3 years ago

______________ insurance covers damage to your vehicle caused by something other than a collision.

qaws [65]

Collision insurance cover damage

4 0

3 years ago

You want to store events, members, and inventories for the New Horizon Candle Company and you need to collect the information in

denpristay [2]

The easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.

<h3>What is pre-designed Template in MS Access?</h3>

Basically, the Ms Access is a database app that helps to store information for reference, reporting and analysis.

The pre-designed Template makes collection of data faster because the query, tables are already designed for instant use.

Hence, the Option B is correct since the easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.