Answer:
The correct answer are letters "A" and "C": Accounts Receivable; Office Supplies.
Explanation:
Current Assets are assets that a company could convert into cash within a year into normal course of business. Current assets include <em>cash, accounts receivable, inventory, office supplies, marketable securities, prepaid expenses</em> and anything else that can easily be turned to cash.
Answer: $5,586
Explanation:
Tamarisk, Inc. sells merchandise on account for $7,400 to Cheyenne Corp. with credit terms of 2/15, n/30
Returned goods worth $1700 of merchandise that was damaged.
Total purchase. $7,400
Less: Return. ($1,700)
Net purchases. $5,700
Made pmt within the discount period of 15 days at 2% discount
Purchases of $5,700 x 2%. = $114
Total amount paid for the purchase is $5,700 - $114 = $5,586
Revenues, expenses, gains, losses, and income tax related to "disconnected operation" must be removed from continuing operations and reported separately on the income statement.
<h3>What is
disconnected operation?</h3>
In the event that a shared data repository has brief outages, disconnected operation allows a client to keep using it to obtain vital information.
The examples of disconnected operations are-
- closure of a poorly performing section.
- merger-related redundancies
- a product line's sale
- discontinuing services that are no longer needed.
Some key features of disconnected operations are-
- Parts of a company's operations that have been sold off or discontinued are referred to as discontinued operations in accounting.
- They are listed separately from continuing operations on the income statement.
- Understanding which assets are being sold off when companies merge might help to clarify how a company will generate revenue in the future.
To know more about the income statement, here
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Answer:
The answer is "0.12".
Explanation:
In the given question, some of the information missing. so, the missing information and its solution can be defined as follows:
Missing information:
Formula:
solution:
Calculating the value of r:
let 
