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Mice21 [21]
3 years ago
7

A company reported that its bonds with a par value of $50,000 and a carrying value of $65,500 are retired for $70,200 cash, resu

lting in a loss of $4,700. The amount to be reported under cash flows from financing activities is:
Business
1 answer:
aksik [14]3 years ago
6 0

Answer:

$70,200

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance

It records only cash receipts and cash payments. So, only $70,200 would be reported under cash flows from financing activities

All other information which is given is not relevant. Hence, ignored it

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Swifty's Market used the perpetual method to record the following events involving a recent purchase of inventory:
butalik [34]

Answer:

Inventory balance will be of 73,318

Explanation:

Inventory                     75,400

     Account payable                75,400

to record goods received

Account payable           1,300

           Inventory                          1,300

to record return of goods

Inventory                          700

            Cash                                  700

to record payment of freight

Account Payable        74,100

            Inventory                         1,482

            Cash                              72,618

to record payment of invoice within discount period

75,400 - 1,300 = 74,100

74,100 x 2% = 1,482

Inventory balance:

<em>   DEBIT         CREDIT</em>

 75,400

                       1,300

      700

                       1,482

<u><em>balance: </em></u>

  73,318

8 0
3 years ago
Financial literacy is the set of skills and knowledge needed to make __________ about money matters. A.informed decisions B.unin
JulsSmile [24]
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Money pooled from small investors and used to purchase government or corporate bonds
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Purchase government of course
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ZanzabumX [31]

Answer:

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Explanation:

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Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a s
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Answer:

1. Manufacturing cost per visor us $16.50

2.budgeted cost of goods for may and June is $9594. & $6724 respectively

Explanation:

See attached files

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