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scoundrel [369]
3 years ago
9

Burns Corp. had the following items:

Business
1 answer:
OLga [1]3 years ago
7 0

Answer:

Option D is correct because the only item that relates to Income statement is Sales Revenue of $45000 and the remainder transactions net effect must go to Comprehensive Income statement.

Net effect = - $36k + $28k - $17k -$3.1k = $28.1 Loss

This net effect realized during the year in the Comprehensive Income statement because these transaction does not directly relate to core operation of the entity.

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There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In su
elena-s [515]

Answer:

Inseparability

Explanation:

In situations where there is a great deal of interaction between a service provider and consumer, the consumer tends to perceive high degree of inseparability between the service provider or deliverer of the service and the company or the service itself. This is what tend to occur in most cases as consumers are unable to distinguish between the deliverer of the service and the service itself. Service and service provider are inseparable from each other.

5 0
3 years ago
Read 2 more answers
Which of the following hitches are allowed
Harrizon [31]

Answer:

for what? sorry I didn't get your question.

7 0
3 years ago
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: net in
Pavel [41]
Using the indirect method, the net cash is $93,900

Solution: 

Cash flow from Operating Activities
          Net Income                                                        $85,300
          Depreciation Expense                                       $12,000
          Gain on Sale of Land                                         ($7,500)
          Increase in Merchandise Inventory                    ($2,050)
          Increase in Accounts Payable                           $6,150
                                                                                   ---------------
          Net Cash                                                          $93,900

Remember:
Increase in current assets (accounts receivables, inventory), it means subtract.
Decrease in current assets, means, add.
Increase in current liabilities (accounts payable, tax liabilities), it means add.
Decrease in current liabilities, means, subtract.
7 0
3 years ago
McRae Corporation's total current assets are $396,000, its noncurrent assets are $512,000, its total current liabilities are $34
krek1111 [17]

Answer:

$48,000

Explanation:

The working capital is the business asset that is used for day to day operation. It can be calculated as follows,

Working capital = Current assets - Current liabilities

So,

Working capital = $396,000 - $348,000 = $48,000

It can be verified with the following equation

Fixed assets + Working Capital = Shareholder Equity + Long term Liabilities

Which is,

Fixed assets + Working Capital = $512,000 + $48,000 = $560,000

Shareholder Equity + Long term Liabilities = $298,000 + $262,000 = $560,000

Hope that helps.

3 0
3 years ago
"at the clearing house, bank x has $300 in checks drawn on bank y and bank y has $200 in checks drawn on bank x. how does the cl
Gre4nikov [31]
The clearing house settle the accounts by hiring an accountant to do the work.
8 0
4 years ago
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