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3 years ago

22) Where would the event purchased land for cash appear, if at all, on the indirect statement of cash flows?

1 answer:

7 0

In the cash flow statement whether the direct or indirect method is used, it depends on the nature of business. If the company is into buying and selling (trading) of land, the cash purchase of land can form part of the Operating Activities. If it is otherwise, the cash purchase of land should be included in the Investing Activities section.

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Branch Company, a building materials supplier, has $18,800,000 of notes payable due April 12, 2022. At December 31, 2021, Branch

Afina-wow [57]

Answer:

the current liabilities and the long term liabilities is $3,280,000 and $15,520,000 respectively

Explanation:

The computation is shown below:

The long term liabilities is

= $19,400,000 × 0.80%

= $15,520,000

And, the current liabilities is

= $18,800,000 - $15,520,000

= $3,280,000

Therefore the current liabilities and the long term liabilities is $3,280,000 and $15,520,000 respectively

This is the answer but the same would not be provided

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3 years ago

1988

IRINA_888 [86]

Answer:

Explanation:

I did it

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3 years ago

The concept by which pay is distributed based on work produced rather than hours worked was called _______________.

Andrei [34K]

The concept by which pay is distributed based on work produced rather than hours worked was called piece work. Piece work, or output work as it is sometimes called, is the concept that workers are paid for work produced rather than the number of hours worked. Hope this answers the question. Have a nice day.

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4 years ago

Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June. S

77julia77 [94]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Sales (8,800 units) $ 528,000

Variable expenses 290,400

Contribution margin 237,600

Fixed expenses 211,700

Net operating income $ 25,900

First, we need to determine the selling price and unitary variable cost:

Selling price= 528,000/8,800= $60

Unitary variable cost= 290,400/8,800= $33

Sales in units= 9,200

Sales= 9,200*60= 552,000

Variable cost= 9,200*33= (303,600)

Contribution margin= 248,400

Fixed costs= (211,700)

Net operatin income= 36,700

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3 years ago

Read 2 more answers

Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upc

IgorC [24]

The correct answer is D) express authority.

Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upcoming auction. Although not specifically told to do so, Amber prints flyers and distributes them to all the art galleries in the area. Amber’s actions are an example of express authority.

Express authority means that an agent has the power to make decisions and act on behalf of another person. In this case, Janelle gave Amber the authority to act in the best interests of her art collection to be promoted by her agent, The authority could be granted orally or written. WIth that faculty, Amber is supposed to do everything to promote and sell Janelle's' art collection.

The other options of the question were A) apparent authority. B) respondeat superior. C) intermediary agency.

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3 years ago