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4 years ago

"when you buy a piece of equipment for a company, what is the impact on the three financial statements?"

Business

1 answer:

Dvinal [7]4 years ago

5 0

There are three main financial statements that can be affected by buying a piece of equipment for a company.

They are: (1) balance sheets; (2) income statements; and (3) cash flow statements

Balance sheets show what a company owns and what it owes at a fixed point in time so buying a piece of equipment will show an increase in the company’s assets and decrease in cash Income statements which shows how much money a company made and spent over a period of time will report an increase in the expenses resulting to a lower net income.

Cash flow statements which show a decrease in net cash due to buying of the equipment.

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Moon Lee received her bank statement on September 8, showing a balance of $2,009.32. The balance shown in her checkbook was $2,4

Ivenika [448]

Answer:

Reconciled balance for both bank and cheque book statement is $2,572.51

Explanation:

To find the reconciled balance, we start of with reconciling the bank statement with cheque book statement

Bank statement

Balance as per bank statement

$2009.32

Add: deposits in transits

$1,197.87

Less: outstanding checks

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Reconciled balance

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Cheque book

Balance as per cheque book

$2,469.31

Add: interest earned

$109.20

Less: service charge

($6)

Reconciled balance

$2,572.51.

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3 years ago

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Answer:

Self-esteem

Explanation:

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Rashan's self-esteem has gone low as he now believes what his family is telling him. That he is worthless.

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4 years ago

Elliot is suing Acme, Inc., for a breach of contract, but because Acme has very little in assets, he asks the court to pierce th

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Answer: The court would likely approve Elliot's request in the following situation: The corporation was under-capitalized from the beginning, and never had sufficient assets to operate as a viable business.

Under the given scenario i.e. for a breach of contract , the condition will apply if the corporation i.e. Acme Inc. was under-capitalized from the start, and they never had predominating assets to work as a viable organization.

Therefore the correct option is (a)

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Mini Case Study-Walmart GoLocal

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Answer:

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2 years ago

A miner working for a mining company requests the purchasing agent of the company to buy a particular brand of high powered LED

sesenic [268]

Answer:

The correct answer is letter "B": users.

Explanation:

We can identify seven (7) roles members of a company can play in the organizational purchasing process: initiators, users, buyers, influencers, deciders, approvers, and gatekeepers. The users are the characters who are likely to benefit directly from the purchase since the products bought will be provided to them. Sometimes they play the role of the initiators requesting what is necessary.

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3 years ago