Answer:
$7,692.31
Explanation:
Given;
Cost of non-residential real property = $300,000
Purchased in March 2018.
Useful life of non-residential real property = 39 years
Annual Depreciation = cost/useful life
= $300,000/ 39
= $7,692.31
Stanley's 2019 depreciation on the property amounts to $7,692.31.
Answer:
Please see below
Explanation:
Given that:
Number of chairs sold = 35,000
Cost per chair $79
The cost of goods sold that must be eliminated from the consolidated
= Number of chairs sold × Cost per chair
= 35,000 × $90
= $2,765,000
Therefore, for computing the cost of goods sold to be eliminated, we simply multiply the number of chairs sold with cost per chair.
<span>c. handle all of the principal's affairs in one or more areas
</span>
<span>D. None of these answers is correct. The industrial work that is done in the factory is of quality there should not be any problem. The manual work of expert artisans must also be quality work and therefore, in none of the cases should the work be of less quality. Social status does not matter because it is a comparison in the realization and quality of work not in social aspects of workers.</span>
Answer: Please refer to Explanation
Explanation:
The Cash Flow Statement was created to ensure that businesses would know just how much hard cash they actually have. This Statement is therefore different from others in that in only records cash when it has been received and/or disbursed thus making it easier for a company to know how much cash it has.
The Investing Section of the Cashflow statement deals with fixed assets as well as transactions involving securities and bonds of other entities as those are investments.
When cash is spent on these transactions it is a Cash Outflow and is therefore subtracted.
When cash is received from such transactions it is considered a cash inflow and is added.
Effects of Above Transactions.
Sold a Truck for $11,200. This will INCREASE the Investing Cash Flow by $11,200.
Sold a Machine for $8,200. This will INCREASE the Investing Cash Flow by $8,200.
Purchased stock investments for $17,600 cash. This will DECREASE the Investing Cash Flow by -$17,600 as it was a cash Outflow.
The Investing Section of the Cash Flow Statement will look like,
Sold a Truck $11,200
Sold a Machine $8,200
Purchased stock investments -$17,600
Net Cashflow from Investing Activities $1,800
