1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lana66690 [7]
3 years ago
12

TRUE or FALSE??? HELP!!

Business
2 answers:
Marina86 [1]3 years ago
6 0
I'm pretty sure everything is true.
Fantom [35]3 years ago
5 0
True , True , True , True , True
You might be interested in
During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the compan
Mice21 [21]

Answer:

Part 1

Cost of Equipment Sold = $9300

Accumulated Depreciation of Equipment Sold = $ 1100

Cash received from Sale = $5300

Part 2

<em>Net Cash Flows from Operating Activities</em>

Add Back (Positive) to Operating Profit for the year : Loss on sale of equipment $ 2900

Part 3

<em>Net Cash flows from Investing Activities</em>

Add (Positive) Proceeds from Sale of Equipment $ 5300

Explanation:

Part 1

<em>Cost of Equipment Sold:</em>

The figure is obtained from Equipment At Cost Account.

Open the Account as follows:

Beginning Balance $ 20300 (debit), Ending Equipment $ 11000, Balancing figure $ 9300 (20300-11000) is the cost of equipment sold.

<em>Accumulated Depreciation of Equipment Sold</em>

The figure is obtained from Accumulated Depreciation.

Open the Account as follows:

Beginning Balance $ 1980 (credit), Profit and loss - Depreciation $ 870 (credit), Ending Balance $ 1750 (debit), Balancing figure $ 1100 (1980+870-1750) is the Accumulated Depreciation on Equipment Sold

<em>Cash Received on Sale</em>

This figure is figure is obtained from Equipment Disposal Account.

Open the Account as follows:

Cost of Equipment Sold $ 9300 (debit), Accumulated depreciation on equipment sold $1100(credit),Loss on Sale of Equipment $2900(credit),the Balancing figure $5300 (9300-1100-2900)

Part 2

Loss on sale of Equipment is the only Income Statement Item affecting the Operating Activity of the Cash Flow Statement.

Add back to Operating profit since this is a non-cash item and was initially deducted in the calculation of Operating Profit.

Part 3

Sale of Equipment results in Cash Inflow and affects the Cash Flows from Investing Activities Section of Cash Flow Statement.

Hence a positive amount should be added to reflect this inflow.

4 0
3 years ago
Which tasks are commonly done by employees in the Energy cluster? Check all that apply.
Viefleur [7K]

Answer:

Installing equipment, designing systems, gathering information

6 0
3 years ago
Read 2 more answers
Verizon Wireless has just announced a 2-for-1 stock split, effective immediately. Prior to the split, Verizon Wireless had a mar
stiks02 [169]

Answer:

hsjsmsjsjejekwkwjehevebjsus

8 0
3 years ago
All of these are open-system characteristics except
NARA [144]
I think the correct answer from the choices listed above is option D. All of these are open-system characteristics except circular causation. It is a<span>n action that is controlled or affected by its own status-change or result . Hope this answers the question. Have a nice day.</span>
8 0
3 years ago
Your design team wants some help with the design of a locally responsive product intended for the host. They wish to own all of
givi [52]

Answer:

b) Acquire a local design firm in the host.

Explanation:

The limitations with related to the greenfield, sponsored, mergers and JVs is that they dont give any assurance of 100% control and the ownership should be considered for the intellectual property

Now if one could select for the acquistion purpose that means they have the overall control and the ownership

So the above should be the answer

5 0
3 years ago
Other questions:
  • A group of architects and engineers has been organized to plan the construction of a new bridge. the team members are getting to
    9·2 answers
  • Build-A-Bear Workshops is a unique specialty store that teaches its customers how to build a cuddly stuffed animal by moving thr
    12·1 answer
  • Both Phoebe and Connor are trying to maximize their lifetime income. Each has a different plan on how to do it best.
    7·2 answers
  • Which of the following best describes the group development pattern known as punctuated equilibrium?
    15·2 answers
  • Under the Uniform Limited Liability Company Act (ULLCA), managers in a manager-managed LLC owe fiduciary duties, such as the dut
    14·2 answers
  • The __________, which is developed from the previous four steps of the human resource planning process, addresses how the firm w
    15·1 answer
  • Each parcel of land in a new development is selling for $15,000 and the total project revenue is estimated to be $5,000,000. The
    15·1 answer
  • Packrall Company makes computer chips. Curtis is manager of the company's maintenance department. Because his maintenance techni
    10·1 answer
  • There is no evidence that giving (blank) to your children makes them hyperactive.
    15·2 answers
  • Explain the link between scarcity and each of the followin​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!