Answer:
C. Recording Income.
Explanation:
The first step to prepare a cash flow statement is to show the Net Income of that company. It is an operating cash flow activities, one of three activities of cash flow statement.
Answer Choice A can not be the answer as the company cannot record any goals in cash flow because cash flow is a statement of cash inflow and outflow.
Answer choice B cannot be the answer as expenses are not shown in the cash flow statement either (If indirect method). However, after adjusting prepaid and advance or paid to suppliers are shown below the noncash account.
Answer choice D is not an option as tax information can be shown only if they are accrued or prepaid.
Therefore, C is the correct answer.
Answer:
Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.
Answer:
true
Explanation:
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Answer:
The debit to Cash Short & Over amounts to $6
Explanation:
The debit to Cash Short & Over is computed as:
Debit to Cash Short & Over = Petty cash fund - Cash - Miscellaneous cash receipt - Additional cash receipts
where
Petty cash fund amounts to $210
Cash amounts to $17
Miscellaneous cash amounts to $4
Additional cash receipts amounts to $183
So, putting the values above:
Debit to Cash Short & Over = $210 - $17 - $4 - $183
Debit to Cash Short & Over = $6
Therefore, the Debit to Cash Short & Over amounts to $6
NOTE: Here in the options correct options is missing.
Answer:
10.71%
Explanation:
Calculation for annual rate of return that Holt expect on his investment
Using this formula
Annual rate of return=(D1/Current price)+Growth rate
Annual rate of return=(2*1.06/45)+(0.06)
Annual rate of return=2.12/45+(0.06)
Annual rate of return=0.0471+0.06
Annual rate of return=0.1071*100
Annual rate of return=10.71%
Therefore the annual rate of return that Holt expect on his investment will be 10.71%