Transactions must be segregated into the three types of activities presented on the statement of cash flows: operating, investing, and financing.
Answer:
TRUE
Explanation:
The integration of countries from the same region into a trade bloc has the purpose of free movement of goods and services among lower-priced member countries. This is because from integration, countries give up tariffs and customs barriers, allowing products to be marketed to everyone at a lower cost, aiming at the common good. If countries use the same currency, the benefits of integration are even greater as they eliminate currency conversion costs.An example of this type of integration is the European Union, where products move freely between member countries and are sold in the same currency, the euro.
Answer:
The price of money is a function of the prices of all other goods and services in the economy. Many economists proxy the price of money using the inverse of an aggregated price index. All else being equal, a higher price level implies a lower price of money; a lower price level implies a higher price of money
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<h2>Answer </h2>
Accumulated depreciation will be $1080 for 6 months.
<h3>Step by step explanation </h3>
Maxwell Tax Planning Service with a communication equipment has value on 1 Jan 2019 of $10,800 and has a useful life of 5 years.
We will depreciate 10,800/5 and will get depreciation charge for 1 year which is $2160.
10,800/5 = 2160
Hence, depreciation for 1 year is $2160
Obtained from the question is that we need depreciation till 30 June 2019.
Thereby, we will prorate 1 year depreciation $2160 by multiplying it with 6 months and dividing with 12 months. We will get the answer $1080.
2160 x 6 / 12 = 1080
Therefore, 6 months depreciation will be $1080
