All categories

3 years ago

For each of the following separate transactions,

Business

1 answer:

Softa [21]3 years ago

3 0

Answer: The answer is provided below

Explanation:

a. The reconstructed journal entry has been prepared and attached.

b. The following are the effects it has on the investing section or the financing section of the statement of cash flows.

The first transaction will lead to a cash inflow of $8,000 from the investing activities.

The second transaction is non-cash transaction therefore, it will not be reported in either the financing or the investing activities.

The third transaction will lead to a cash inflow of $2,000 from the financing activities.

The fourth transaction will lead to a cash outflow from the financing activities.

Thw diagram has been attached.

You might be interested in

These are selected 2017 transactions for Blue Corporation: Jan. 1 Purchased a copyright for $79,500. The copyright has a useful

Whitepunk [10]

Answer:

Check the explanation

Explanation:

Patents and Copyrights are amortized based on their useful life, not their legal life

It should be noted that Goodwill is not amortized

1. Debit 'Amortization Expense - Copyrights' $15,900 [($79500/ 5)]

Credit 'Copyrights' $15,900

2. Debit 'Amortization Expense - Patents' 18,800 [($112,800 / 5 ) x (10 /12 )]

Credit 'Patents' $18,800

.3. No entry

3 0

3 years ago

Which subscription level(s) in QuickBooks Online include the Receipt Capture feature?

d1i1m1o1n [39]

Answer:

<h2>The Receipt Capture feature is available in all the QBO subscription levels, from Simple Start through Advanced, and is located in the Banking Center. There are three ways to capture receipts so that they can</h2><h2> be matched to transactions and</h2><h2> added to the bank feed, thereby tracking the expenses in QuickBooks.</h2>

Explanation:

<h2>PLEASE MARK ME BRAINLIEST AND FOLLOW M E AND SOUL DARLING TEJASWINI SINHA HERE ❤️</h2>

6 0

3 years ago

Read 2 more answers

Inflation is a decrease in the average price level in the economy.

Rama09 [41]

This is false. When inflation happens, prices go up in the economy.

7 0

3 years ago

Grain Farm Inc. files a suit against Harvest Services. Before the court can exercise jurisdiction over Harvest, the court must h

SVEN [57.7K]

Answer:

C)Harvest was notified of the suit.

Explanation:

From the question, we are informed about Grain Farm Inc. that files a suit against Harvest Services. In this case, Before the court can exercise jurisdiction over Harvest, the court must have proof that Harvest was notified of the suit. jurisdiction as regards to law can be explained as the right a case has over a particular subject matter. And all categories of court can exercise this power to adjudicate cases

4 0

3 years ago

A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from th

ozzi

Explanation:

The free enterprise system is one influenced by the market, which will determine all economic variables, such as price, products and services, and is a system independent of government control to function.

Therefore, it is correct to state that in a free enterprise system, the offer and demand of the consumer for a product or service that will be the determinant of the success or failure of an organization.

As an example of an entrepreneur, we can mention Steve Jobs, who created one of the largest technology companies in the world, Apple. The free enterprise system was one of the reasons for Apple to succeed in becoming one of the most valued companies in the world, due to the fact that it brought innovative products to the market that became examples of products of value to consumers, which made company to grow and become so successful in the market. If the company operated in a government-controlled market, it would probably have to follow specific rules and restrictions for the production of its products that could limit the company, and its performance could be restricted and not as innovative as the company in the market, which is one of the reasons why it achieved success.

5 0

3 years ago