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prisoha [69]
3 years ago
8

In Jackson Jones Company, land decreased $270,000 because of a cash sale for $270,000, the equipment account increased $90,000 a

s a result of a cash purchase, and bonds payable increased $300,000 from issuance for cash at face value. The net cash provided by investing activities is ________.a. $270,000. b. $480,000. c. $210,000.d. $180,000.
Business
1 answer:
marin [14]3 years ago
5 0

Answer:

The answer is D. $180,000

Explanation:

Investing activities is about spending on long term asset or long term investments.

Under investing activities in cash flow, what constitutes inflow is the sales of these long term assets like plant and machinery and what constitutes outflow is the purchase of these assets.

In this question, the inflow is the sale of equipment which us $270,000 and outflow is the purchase of equipment for $90,000.

So net cash flow from investing activities is:

$270,000 - $90,000

=$180,000

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Answer:

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

Explanation:

When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.

Total worth of the office furniture = $170 + $540 = $710

The total debit for this will be recorded in the office furniture account.

Hence to recognize the transaction,

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

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3 years ago
In what way, if any, does social media influence a small company's ability to advertise?
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Answer:

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Items such as cookies, crackers, and potato chips have separate schemas. However, these can be clustered into one category becau
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Answer:

The answer is A. Taxonomic categories

Explanation:

Taxonomy can be defined as the system of classification of various things based on their similarities or differences.

In the question above, cookies, crackers and potato chips are different products, but they all share a similarity, which is that they're all snack foods and therefore are under the same taxonomic category.

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¥114.96/€

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In the given question, if you reverse all three exchange rates by calculating 1/rate (change yendollar into dollaryen and so forth), the choice that represents the required opportunity is ¥114.96/€

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