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Ede4ka [16]
3 years ago
13

The direct method for preparing and reporting the statement of cash flows reports net income and then adjusts it for items neces

sary to calculate net cash provided or used by operating activities.
Business
1 answer:
puteri [66]3 years ago
6 0

Answer: False

Explanation: The method described in the given statement is indirect method of preparing operating activities section in a cash flow statement.

   In case of direct method, the actual cash transactions involving inflow and outflow of cash is recorded to compute operating activities.

Thus, we can conclude that the given statement is false.

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Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $69,000. At December 31, 2017, the fa
kodGreya [7K]

Answer:

Godfrey Corporation

GOLDFREY CORPORATION

Balance Sheet (Partial)

December 31, 2017

Noncurrent assets:

Investments:

Investment In Stock, at fair value  $64,100

Stockholders' Equity:

Common stock

Retained earnings

Less :

Unrealized loss  $4,900

Explanation:

a) Data and Calculations:

Long-term investment available for sale:

Cost =               $69,000

Fair value             64,100

Unrealized loss  $4,900

b) The correct entry would have been to reduce the net income by the unrealized loss.  However, for simplicity, this is showed as a reduction of the Retained Earnings in the balance sheet.

5 0
3 years ago
Which statement is true about an original fashion and its knockoff? A. The knockoff will be more expensive than the original. B.
qaws [65]

Answer:

D. The knockoff may miss the finer fit and design details of the original.

Explanation:

Knockoffs are popular in the fashion industry of today. Why? Since most designer items are highly wanted, but unreachable and too expensive for the masses, some manufacturers opted to create <em>replicas</em> of those items.

These items are often made in mass production factories. This is why they often miss the artisan and fine touch of the original designer item.

6 0
2 years ago
The percent change in multifactor productivity if Fok can reduce the energy bill by ​$1,000 per day without cutting production o
marishachu [46]

Answer:

The answer is "2.45%".

Explanation:

The answer of option c:

Reduce power by 950 dollars:

In this question it will need to once again take the latest energy cost for analytical hierarchical productivity.  

→ Total Input  = 400 \times  12+21000 \times 1 +(5000-950)+10000

                     = 4800 +21000 + (4050)+10000  \\\\                       = 25800+4050+10000 \\\\                       = 39850\\

Consumer rates  = \frac{1,000}{39,850}

                            =0.0250

Initial efficiency multi-factor= 0.0245

\to \text{percentage  changes} = \frac{\text{New Multi Factor Productivity - Previous Multi-Factor Productivity}}{\text{Originbal Multi-Factor Productivity}}  

                                   = \frac{(0.02450.0251)}{0.0245}\\\\ = 2.45 \ \  \%

3 0
3 years ago
g When a sexual harassment complaint is filed speculation sometime occurs about who is the complainant. One result can be retali
frez [133]

Answer and explanation:

Sexual harassment is the act by which employees of an organization tend to use their hierarchical position in the firm to influence other employees in engaging personal relationships with them, without the need for the harassed employee to be interested in such a relationship.

The first step to mitigate this unethical behavior is to file a complaint in the Human Resources (HR) department of the company. If there are doubts about the complainant employee, that employee should look for protection from the Equal Employment Opportunity Commission (EEOC) which is the governmental agency in charge of enforcing rules against any type of discrimination or unfair treatment in the work-frame.

3 0
3 years ago
which items are examples of components likely found in tables? Check all that apply. Header row, banded row, header colums, tota
Mashcka [7]

Answer:

A

B

D

E

F

Explanation:

Edg. 2021

6 0
3 years ago
Read 2 more answers
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