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4 years ago

8

Rick Corporation’s Accounts Receivable decreased by $25,000 during the year. What is the adjustment to the cash flow statement w

hen it’s prepared by the indirect method?

1 answer:

viva [34]4 years ago

7 0

The correct answer is "Add the decrease to the net income in operating activities."

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The Shoe Exchange issues 3,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price i

Nezavi [6.7K]

Answer:

Debit Cash account $57,000

Credit Shares capital $3,000

Credit Share premium $54,000

Being entries to record cash received from the issuance of shares

Explanation:

Par value per share = $1

Issue price per share = $19

Premium per share from issue = $19 - $1

= $18

Number of issued shares = 3000

Share capital balance from issue = 3000 × $1

= $3000

Premium balance = 3000 × $18

= $54,000

Cash received from Issue = 3000 × $19

= $57,000

Entries to be posted

Debit Cash account $57,000

Credit Shares capital $3,000

Credit Share premium $54,000

Being entries to record cash received from the issuance of shares.

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3 years ago

When two people witness something at the same time and in the same situation yet interpret it differently, factors that operate

SpyIntel [72]

Answer:

The correct answer is (A)

Explanation:

Every individual has a different sense of thinking and perceiving things and moments. Perceiving things is all about judging, observing and percipient. IN that regard, two people having the same experience can perceive things differently. People interpret things based on their perceptions. Perception can change through experience and knowledge. So, an important factor which shape perception depends on perceivers.

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3 years ago

Economies of scale can arise from: Group of answer choices High prices on bulk purchases of raw material inputs and component pa

Alex787 [66]

Answer:

An advantage gained by spreading fixed production costs over a large production volume.

Explanation:

Economies of scales refer to that scale where the larger quantity of an output having similar level fo fixed cost cause in less cost per unit. It could be occured from an advantage that could be benefit by distributing the fixed production cost over and above to the wider production volume

Therefore the above statement should be considered

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3 years ago

Which of the following is NOT true of high-technology industries? Select one: a. Later entrants can avoid the mistakes made by f

Zielflug [23.3K]

Answer:

Correct option is B.

First movers have an advantage because their customers avoid switching costs.

Explanation:

First movers have an advantage because their customers avoid switching costs. This is not true about High- Technology Industries.

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3 years ago

Internet browsers allow you to 1. Connect to the internet 2. Track expenses 3. Type documents Hurry I have a test in 10 min this

alexandr1967 [171]

Answer:

1. connects to the internet

Explanation:

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3 years ago

Read 2 more answers