Answer:
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<span>The principle purpose of a voucher system is to provide assurance that all cash payments are approved before a check is issued.
A voucher system is a way of internally controlling that helps prevent fraudulent withdrawals from a company by employees or people outside the organization.
A voucher system organizes procedures to verify and approve cash disbursements, which is important because cash is vulnerable to theft. The voucher system helps guard a company's cash.</span>
Answer: Proven oil reserves
Explanation:
Proven oil reserves are those that humans can extract oil from given our current technological and economic situations.
Under Proven oil reserves there are those that are Proven developed and those that are Proven Underdeveloped. Proven Developed ones can be extracted from as they come from already existing wells. Proven Underdeveloped however would need further investment to get them ready.
Answer:
Cash used for financing activities 356,000
Explanation:
extinguish of bonds payable (375,000)
preferred dividends (31,000)
proceeds from TS 50,000
Cash used for financing activities 356,000
The conversion do nt involve cash, so it is not included in the cash flow statement.
The carrying ammount, gain and losses are not relevant for the cash flow statement.
We have to focus in the cash movements only.
