Answer:
the net cash flow from operating activities for the year 1 is $1,100
Explanation:
The computation of the net cash flow from operating activities is shown below:
= Cash collection from account receivable - cash paid for the operating expenses
= $3,500 - $2,400
= $1,100
Hence, the net cash flow from operating activities for the year 1 is $1,100
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The correct answer is:
Adjustment process
Explanation:
The adjustment or updating process before preparing financial statements is composed by two different factors which are the income and expenses that need to be compared in order to present the final accounting report.
In this report, it is primordial to consider or first compare the accrued expenses or accrued revenues.
A monopoly is a single firm with barriers to entry, whereas monopolistic competition implies an industry with many firm(s) that has(have) <span>easy entry and exit.
</span><span>In a monopoly market there is only one supplier of a particular commodity.
</span><span>The monopolistic competition is imperfect because many producers sell products that are differentiated from one another.</span>
Answer:
Entry is given below
Explanation:
Bought shares 6 months ago = 400shares x $60/share
Bought shares 6 months ago = $24,000
Sold shares = 400shares x $40/share
Sold shares = $16,000
Loss on sales proceeds = $24,000 - $16,000
Loss on sales proceeds = $8,000
Entry:
DEBIT CREDIT
Cash $16,000
Loss on sale $8,000
Shares $24,000