1. Credit account and Store accounts
The correct option is D.
Subtract the loss from net income.
<h3>What is Cash Flow?</h3>
The volume of money a business brings in and expends is known as cash flow. Revenues from sales are used by businesses to pay expenses.
- In accounting, the initial net cash flow that is recorded during all firm operational operations is calculated using the indirect technique of estimating or computing cash flow.
- Under the indirect technique of completing the cash flow from operating activities, any initial net income or net loss is recorded at the beginning.
- The initial level of net income includes all non-cash expenditures and expenses such as amortization and depreciation of tangible personal property and equipment.
- The cash flow of operating activities is now calculated by deducting any profits or losses from the sale of long-term assets from net income.
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I understand that the question you are looking for is:
When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what is the proper disposition of a loss on disposal of equipment? Multiple Choice
A. Add the loss to net income.
B. Disregard the loss because it relates to a financing activity.
C. Disregard the loss because it relates to an investing activity.
D. Subtract the loss from net income.
Answer:
The answers are given below;
Explanation:
a. Allowance for doubtful accounts closing balance=$20,520 406,000*2%+100,000*3 %+46,000*6%+28000*8%+40000*11%
b. Allowance for doubtful accounts-opening ($4,600)
Allowance for doubtful accounts-closing $20,520
Allowance for the year $15,920
c. Allowance for doubtful accounts-opening Dr. $1,100
Allowance for doubtful accounts-closing $20,520
Bad Debt Expense $21,620
Bad Debt Expense Dr.$21,620
Allowance for Doubtful Accounts Cr.$21,620
Answer:
C. deep-level diversity
Explanation:
Deep-level diversity is a type of diversity among individuals that is not easily observable, and includes traits such as working styles, values, beliefs, cognitive, or decision-making styles. These are usually psychological. These traits are less observable.
According to the information given in the question above about the Olivia and her employees, we can infer that Olivia and her employee display deep-level diversity, as the designers have traits that are not easily observable such as the different working styles they have while they still work effectively together as a team.
Answer:
The ability of sellers to change the amount of the good they produce.
Explanation:
Price elasticity of supply: It is an economic measure to check the responsiveness of quantity supplied to the change of price. As per the law of supply, the supply of quantity increases with the increase in the price of goods and services and vice versa. The numerical value of elasticity indicates how is the response of quantity supplied to the price of the product. As zero indicates no response to the change in price and 1 indicate a higher response to the price of the product.
The key determinant of the price elasticity of supply is how well the seller is able to change the quantity supplied as per the price in the market.
