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zmey [24]
3 years ago
14

Financial Statements prepared on a modified cash basis of accounting would contain items measured on which, if either, of the fo

llowing bases______________.
Business
1 answer:
Westkost [7]3 years ago
7 0

Answer:

Cash Basis, Accrual Basis

Explanation:

Modified cash basis of accounting would contain items (accounts) measured under both the cash basis of accounting and the accrual basis of accounting.

The modified cash basis combines the usage of the two major bookkeeping practices: cash and accrual accounting. It gets the best of both worlds, recording sales and expenses for long-term assets on an accrual basis and those of short-term assets on a cash basis.

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For the purpose of calculating gdp, investment is spending on
Brut [27]

Spending on capital goods, inventories, and structures, including the building of new homes, is considered investment for the purposes of computing GDP.

A country's gross domestic product (GDP) is the sum of the market capital goods values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a wide indicator of entire domestic production.

While GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the capital goods United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.

Learn more about GDP here

brainly.com/question/15682765

#SPJ4

The complete question is

For the purpose of calculating GDP, investment is spending on

a. stocks, bonds, and other financial assets.

b. real estate and financial assets.

c new capital equipment, inventories, and structures, including new house construction.

d. All of the above.

8 0
1 year ago
According to a survey reported in the Business Week, 30% of adults in the U.S. said that the cell phone is the invention that th
zalisa [80]

Answer:

Explanation:

To calculate, the binomial distribution  formula can be applied

P(X)= nCx * Px * (1 - P)^(n - x)

Random sample of 6 adults:

P(X≥3) = P(X=3) + P(X=4) + P(X=5) + P(X=6)

(6 C 3​)0.30^3 * 0.7(6-3) + (6 C 4​)0.30^4* 0.7^(6-4) +(6 C 5​)0.30^5* 0.7^(6-5) + (6 C 6)0.30^6* 0.7^(6-6) =

0.1852+0.0595+0.0102+0.0007

= 0.2556

[6 C 3 = 6!/(6-3)!3! = 1*2*3*4*5*6/1*2*3*1*2*3, and to calculate others apply to this formula]

5 0
3 years ago
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2018 balance sheet showed l
dsp73

Answer:

The firm's operating cash flow is $291000

Explanation:

Operating cash flow is arrived by using the format below:

Net income after tax                

Add back dereciation and amortization

Add and (deduct) Reduction in working capital(Increase in working capital)

Add back interest expense on loans

Add back tax expense for the year

Then deduct:

Actual interest paid

Actual tax paid

Using the proforma above,Kerber's Tennis Shop Inc. is shown as:

Net income after  tax+Interest expense(add)+reduction in net working capital(add)-increase in creditors' payment(minus)

As a result,operating cash flow=$220000+$91000-$20000

                                                    =$291000

3 0
4 years ago
ASAP! please and thank you!
zlopas [31]

Answer:

Contract law principles quiz

Explanation:

1:D

2:C

3:B

4:C

5:D

6:D

7:A

8:A

9:B

10:A

6 0
3 years ago
Terminating an employee for the use of illegal drugs is an example of a(n) _____ turnover. retentive external voluntary absentee
klasskru [66]

Answer:

involuntary

Explanation:

Involuntary turnover happens when an employee is dismissed from a position and asked to leave. In that respect, employees may be expelled for several reasons, usually for deficient performance and inadequate behavior. In contrast, voluntary turnover occurs when employees quit and the company wishes to keep them.

3 0
3 years ago
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