Answer:
The net cash flow of the year amounts to $32,000
Explanation:
The net cash flow of the year is computed as:
Net cash flow = Net income + Depreciation
= $7,000 + $25,000
= $32,000
Where
Net Income is computed as:
Net Income = Sales - COGS (Cost of goods sold) - Depreciation expense - Selling and administrative expense - Income tax expense
= $300,000 - $170,000 - $25,000 - $95,000 - $3,000
= $7,000
Answer:
Other customers of the firm who place buy orders, if the firm has information barriers in place.
Explanation:
FINRA has strict rules against front running, and this is the process by which interested parties place orders for shares beforehand because they have insider information on how a share is going to perform in the future.
This rule is binding on any registered representative.
However if the firm has information barriers in place, any other customers that places a buy order will be assumed not to have insider knowledge of the share's expected performance. The FINRA rule is not binding on them.
Answer: Unearned warranty revenue
Explanation:
Unearned warranty revenue is usually shown as an unearned revenues in the accrued liabilities during the preparation of the balance sheets.
It should be noted that the unearned warranty revenue is a characteristic of both the sales approach for service-type warranties and the expense approach for assurance-type warranties.
Answer:
The true statement is "The cumulative translation adjustment account affects the amount of gain or loss reported upon the sale of a foreign subsidiary".
Explanation:
The current technique needs that each one quality and accountability books be interpreted at this rate whereas shareholders’ justice accounts are interpreted at ancient altercation rates. The distinction is mirrored finished the additive conversion alteration, therefore the quantity of improvement or loss according upon the auction of a distant secondary to the additive conversion alteration.
