<u>Solution and Explanation:</u>
<u>From Operating activities</u>
Net income 36452
Add: Decrease in inventory 15552
Less: Increase in accounts receivable 389
Less: Decrease in accounts payable 4989
From Operating activities 46626
<u>From Investing actvities</u>
Land purchased -36389
Delivery truck purchased -9989
From Investing actvities -46378
<u>From FInancing activites</u>
Add: Stock issued for cash 40452
From FInancing activites 40452
Net change in cash 40700
Opening cash balance 30000
Clsoing cash balance 70700
Answer:
The answers are,
Items not easily quantified in dollar terms are not reported in the financial statements.
Monetary Unit Assumption
Accounting information must be complete, neutral, and free from error.
Faithful representation
Personal transactions are not mixed with the company's transactions.
Entity Assumption
The cost to provide information should be weighed against the benefit that users will gain from having the information available.
Cost constraint
A company's use of the same accounting principles from year to year.
Consistency
Assets are recorded and reported at original purchase price.
Historical Cost
Accounting information should help users predict future events, and should confirm or correct prior expectations.
Relevance
The life of a business can be divided into artificial segments of time.
Periodicity assumption
The reporting of all information that would make a difference to financial statement users.
Full Disclosure principle
The judgment concerning whether an item's size makes it likely to influence a decision-maker.
Materiality
10. Assumes a business will remain in operation for the foreseeable future.
Going concern
12. Different companies use the same accounting principles
Comparability
Explanation:
The correct answer is; Transition Goals Plans Success Program.
Further Explanation:
The Transition Goals Plans Success Program is a resource that helps military members and their families prepare for life outside of the military. Men and women from all armed services departments are eligible to use this program to help the transitioning to a civilian citizen go smoothly.
The Transition Goals Plans Success Program starts as soon as someone enters the military and each milestone in their career. A few things that the program helps with are;
- resume writing
- career advice
- military transition
- interview tips
- pursuing additional education
The Transition Goals Plans Success Program now has an app that families can download and have more access to resources.
Learn more about military personnel at brainly.com/question/7223998
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Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.
<h3>
What are floating exchange rates?</h3>
- A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which the value of a currency is permitted to fluctuate in reaction to foreign exchange market occurrences.
- A floating currency is one that uses a floating exchange rate, as opposed to a fixed currency, the value of which is determined in terms of material items, another currency, or a group of currencies (the idea of the last being to reduce currency fluctuations).
- When the international value of a country's currency rises, so do its imports, and vice versa.
As it is given in the description itself, when the international value of a country's currency rises, so do its imports, and vice versa.
Therefore, Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.
Know more about floating exchange rates here:
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The question you are looking for is here:
Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will ____.
Answer:
$997.37
Explanation:
For computing the invoice price first we have to determine the accrued interest which is shown below:
Accrued interest is
= Par value × coupon rate × remaining months ÷ total months
= $1,000 × 6.11% × 4 months ÷ 12 months
= $20.37
Now
Invoice price is
= Clean price + Accrued interest
= $977 + $20.37
= $997.37