$202,500 cost of office equipment-Not shown on statement-Not applicable
$84,375 accumulated depreciation-Not shown on statement-Not applicable
$101,250 sales price-Cash flows from investing activities-Added
$16,875 loss on sale of equipment-Cash flows from operating activities-Added
What is cash flow statement meaning?
A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses.
What are the 3 types of cash flows?
Cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities are the three types of cash flow that businesses should monitor and evaluate to assess their liquidity and solvency. On a company's cash flow statement, all three are listed.
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Answer with its Explanation:
On February 14, the repairment of transmission is the repair and maintenance cost and hence it must be accounted for as an expense.
The Double entry would be:
Dr Repairs and Maintenance Expense $2,300
Cr Cash $2,300
On the same date, the installation of GPS system is an addition of an asset in the delivery truck hence it must be capitalized.
The Double entry would be:
Dr Delivery Van $450
Cr Cash $450
Answer:
this took me a whileee ;D
eazzzyyy 50
Answer:
False
Explanation:
The gross pay refers to the salary you earn before taxes and other deductions are subtracted. Because of that, the answer is that the statement that says that you should calculate your regular monthly pay based on your Gross Pay is false because this amount is not equal to the amount you actually get when you are paid as the deductions have to be taken out and you receive less money.
The inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months.
<h3>What is an inference?</h3>
An inference is the conclusion that can be deduced based on an information.
In this case, the inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months. This is the period when you can sign for health insurance.
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