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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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THe section of the comprehensive annual finanial report that presents tables and charts showing social and econimoc data in addi
posledela

Answer:

Statistical Section

Explanation:

The statistical section of comprehensive annual financial report contains details of  most of PESTLE factors in numeric terms that shows to what extent these things will either affect or help the organization in near future.

3 0
3 years ago
When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $
Novosadov [1.4K]

Answer:

$5,360

(not given in the options)

Explanation:

Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as

Depreciation = (cost - salvage value)/useful life

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600

Annual depreciation = ($23,040 - $1,600)/8

= $2,680

After 4 years

Accumulated depreciation = 4 × $2,680

= $10,720

The net book value then

= $23,040 - $10,720

= $12,320  

Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value

New depreciation = ($12,320  - $1,600)/2

= $5,360

The depreciation expense in year 5 equals $5,360

8 0
3 years ago
Given the following financial statements for GM, the return on assets is ______ percent? (Write your answer as a percentage, rou
shutvik [7]

Answer: 2

Explanation: see attachment

8 0
3 years ago
I WOULD LOOOOVE IF SOMEONE COULD ANSWER THIS RIGHT AS SOON AS THEY CAN !!!!!!The taxpayer identification number for partnerships
xz_007 [3.2K]

Answer:

EIN; employer idenification number.

Explanation:

hope this helps :)

5 0
3 years ago
Read 2 more answers
Should imports to the United States be curtailed by, say 20 percent to eliminate our trade deficit? What might happen if this we
hjlf

In a world that is synchronized on a global scale, trade between nations is constant. Imports cannot be reduced by 20% in order to close the trade deficit.

<h3>Why it is not possible to reduce imports?</h3>

There are certain nations that will be impacted if the United States decides to cut imports by 20%.

As a result, imports from the United States will likewise be restricted in other nations.

In other words, the United States may experience a fall in exports while attempting to reduce imports. The overall impact on trade imbalances could be minimal.

The trade conflict between the United States and China is a good illustration. China responded to the United States taxes on its imports by imposing its own levies. As a result, both countries suffered.

As a result, there is no quick fix for decreasing trade deficits. A more delicate balance between consumption and production must be achieved over time.

The manufacturing industries must have favorable policies and incentives to encourage consumer demand for locally made items.

Check out the link below to learn more about trade deficit;

brainly.com/question/28708620

#SPJ2

4 0
1 year ago
Read 2 more answers
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