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2 years ago

When preparing the statement of cash flows by the indirect method, if accumulated depreciation increases the difference is

2 answers:

5 0

An increase in ending ... the difference is deducted from investing activities on the statement of cash flows

Tcecarenko [31]2 years ago

5 0

Answer:

Added to net income

Explanation:

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Philip Morris expects the sales for his clothing company to be $670,000 next year. Philip notes that net assets (Assets − Liabil

shutvik [7]

Answer:

the ending cash balance is $330,300

Explanation:

The computation of the ending cash balance is shown below:

Ending cash balance = Opening cash balance + Profit

= $270,000 + (9% × $670,000)

= $270,000 + $60,300

= $330,300

We simply added the opening cash balance and the profit so that the ending cash balance could come

Hence, the ending cash balance is $330,300

7 0

2 years ago

In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be he

klemol [59]

Even though that particular business have the motive of increasing profit there would be a lot of benefits that the society will get such as...
Since most of the business are working for profit in the market this create competition among each other this results to a lower price in markets therfore the society can afford to buy things.

A bad side of such business could be the monopoly power, if there is no company that produces similar good or service they tend to abuse the consumers by increasing the price of the goods and services they provide as there are no other firms that provide similar goods or services.

7 0

2 years ago

_____is best described as the process of selling a prototype of a product in either a real or simulated market environment.

Ipatiy [6.2K]

Answer: Test marketing

Explanation:

6 0

1 year ago

On January 1, 2021, Cullumber Inc. granted stock options to officers and key employees for the purchase of 21,000 shares of the

Alenkinab [10]

Answer & Explanation:

December 31, 2021

Compensation Expense 164,200

Paid-in Capital (328,400 x 0.5) 164200

To record compensation expense

April 1, 2022

Paid-in Capital 32,840

Compensation Expense (328,400 x 2100/21000) 32,840

To record termination of stock option

December 31, 2022

Compensation Expense 147,780

Paid-in Capital (328,40 x 1/2 x 18900/21000) 147,780

To record compensation expense

March 31 , 2023

Cash ( 12,600 x $25) 315,000

Paid-in Capital (328,400 x 12,600/21,000) 197040

Common Stock (21,000 x $10) 126,000

Paid-in Capital in Excess of Par 386,040

To record exercise of stock option

December 31, 2023

6,300 stock options not exercised (21,000 - 2,100 - 12,600)

5 0

2 years ago

Any place where, or any mechanism by which, buyers and sellers interact to trade goods, services, or resources is a(n)?

KATRIN_1 [288]

Any place where, or any mechanism by which, buyers and sellers interact to trade goods, services, or resources is a market.

A market is a place where parties can easily gather to facilitate the exchange of goods and services. The parties which are involved in the market are usually buyers and sellers.

The market can be in the form of physical structure like a retail outlet, where people meet with each other face-to-face, or it can be in the virtual form like an online market in which there is no direct physical contact happens between buyers and sellers.

Markets generally establish the prices of goods and services which are determined by supply and demand.

To know more about the market here:

brainly.com/question/17284274

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5 0

7 months ago