You just have to study them
Answer:
The correct answer is $200
Explanation:
The interest expense appearing on the company's income statement in year 1 is for a period of four months(September to December) year 1.
The interest expense using an annual rate of 6% is computed thus:
interest expense=$10,000*6%*4/12=$200
The correct option is $200 which is not one of the options provided,hence the options need.
In another version of the question,option D was $200 which shows is missing here,
All in all, the correct answer is $200 interest for a period of four months from September to December
Answer:
Multi-purpose credit is the answer
Explanation:
The amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
<h3>Cash flow from operating activities sections:</h3>
Based on the information given the amount that will be reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is the gain amount of $7,600.
This gain is the gain from selling office equipment and this amount must be deducted from net income in the operating activities section of the statement of cash flows.
The reason why we have to deduct the $7,600 is because under accrual basis of accounting the amount represent a noncash addition to net income.
Inconclusion the amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
Learn more about cash flow from operating activities sections here:brainly.com/question/25530656
