Answer:
C) $4,965,000.
Explanation:
cash collected form customers = accounts receivable beginning balance + total revenue - accounts receivable beginning balance = $320,000 + $5,000,000 - $355,000 = $4,965,000
The direct method only uses actual cash outflows and inflows to calculate the cash flow from operating activities.
Answer: To buy something that its helpful to you
It is an architect because they love to build things and create things as well <span />
Answer:
transferred-out 135,000
Explanation:
We solve using the following identity:
beginning WIP + cost added during the period:
total cost to be accounted for.
Then this value can be either ransferred-out r remain at the ending WIP
so we construct as follows:
beginning 0
added 180,000
Total cost 180,000
ending <u> (45,000) </u>
transferred-out 135,000
Answer:
An expense account normally has a debit balance.
