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.
Based on the involuntary conversion rule governing the deferring of gains, the data that Cassidy has to defer the gain is December 31, 2025.
<h3>Which data can Cassidy defer to gain to?</h3>
Cassidy can defer to the gain to three (3) years after the first date in the year that the gain was received.
The gain was received in 2022 so the first date is January 1, 2022. The date the gain can be deferred to is therefore December 31, 2025.
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Data structures are variables that store data for direct or indirect processing.
Data structures organize information within a computer database so that information can be found and changed easily. When the information is hard to distinguish it becomes cluttered for a company. The data structure being organized allows companies to process information at a much more efficient rate.
Answer:
Joel would save tax of $540 if the stock was held for more than a year
Explanation:
If the stock is held for more than one year and then sold then the gain on sale would be long term capital gain
The long term capital gain would be charged at preferential rate of 15%
Calculate long term capital gain tax on sale
Long term capital gain (Sale price - Purchase price)*No of shares
Long term capital gain (58-31)*100
Long term capital gain $2700
Tax on long term capital gain 2700*15%
Tax on long term capital gain $405
Savings in tax 945 - 405
Savings in tax $540
Thus, Joel would save tax of $540 if the stock was held for more than a year
Explanation:
There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.
There are other ethical concerns which are related to advertising and misrepresentation of their products and their services.
These companies understands the characteristics of the advertising and potential dangers that are related to their product.