It is reported as foot notes in cashflow statement or in the notes of financial statements.
When an income statement is converted to cash flows from operational operations, noncash items like as depreciation and nonoperating profits and losses are not included. Non-cash investing and financing entails making an investment or purchase using financial instruments other than cash.
The Generally Accepted Accounting Principles (GAAP) are a collection of generally observed financial reporting accounting standards and regulations. The four main constraints of GAAP are objectivity, the materiality, the consistency, and the prudence.
Companies are required by both IFRS and US GAAP to declare any substantial non-cash investment and financing operations, either as a footnote at the bottom of the statement of the cash flows or in notes to the financial statements.
Therefore, the answer is the bottom of the statement of the cash flows or in the notes to financial statements.
To know more about U.S Gaap click here:
brainly.com/question/17327177
#SPJ4
Answer:
$7052.13
Explanation:
We can calculate the present value of money equivalent of $8,250 two years later by applying present value formula
DATA
Future value = $8,250
Interest rate = 4%
Number of periods = n = 2 years x 2 times a year = 4 times
Present value =?
Solution
PV = 
PV = ×\
PV = $7052.13
Answer:
EAC of Machine A is $6,788.64
EAC of Machine B is $6,094.62
We should purchase Machine B because of its ]lower EAC
Explanation:
Equivalent Annual Cost (EAC) = (Asset price x discount rate)/(1-(1+discount rate)^(-n))), in which n is the number of year for usage of asset.
EAC of Machine A is $6,788.64 = ($15,500x15%)/(1-(1+15%)^(-3))
EAC of Machine B is $6,094.62 = ($17,400x15%)/(1-(1+15%)^(-4))
Answer:
(a) $158,350
(b) $395,050
(c) $79,140
Explanation:
(a) Manufacturing overhead:
= Factory utilities + Depreciation on factory equipment + Indirect factory labor + Indirect materials + Factory manager's salary + Property taxes on factory building + Factory repairs
= $ 13,500 + $12,650 + 48,900 + 70,800 + 8,000 + 2,500 + 2,000
= $158,350
(b) Product costs:
= Total Manufacturing overhead + Direct material used + Direct labor
= $158,350 + $157,600 + $79,100
= $395,050
(c) Period cost:
= Depreciation on delivery truck + Sales salaries + Repairs to office equipment + Advertising + Office supplies used
= 3,800 + 48,400 + 1,300 + 23,000 + 2,640
= $79,140
