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3 years ago

Which of the following accounts will give you the LEAST access to your money?

Business

2 answers:

kotykmax [81]3 years ago

7 0

I will need to see the choices before i can anwser this

AnnyKZ [126]3 years ago

3 0

I would need to see the following accounts inorder to fully help.

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_________ is an investing cash flow and ________ is a financing cash flow, as reported in the Statement of Cash Flows.

Effectus [21]

Sale of investment securities is an investing cash flow and transactions involving debt, equity, and dividends is a financing cash flow, as reported in the Statement of Cash Flows.

Investing activities include purchases of investments in securities, purchase of physical assets or sale of securities or assets.

Cash flow from financing activities is a section of a company’s cash flow statement, which shows the net flows of cash that are used to fund the company.

Sale of investment securities comes in investing activities and debt, equity, dividends that are used to fund the company comes under financing activities.

Learn more about investing and financing activities here

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7 0

1 year ago

Steve, an engineer in a construction company, is at present working on a home construction project. the home is being built for

Varvara68 [4.7K]

Projects are temporary endeavors whereas an organisation's operations are ongoing in nature.The Role of a project sponsor is to provide direction and funding for a project. In this case, Steve is working with his project team and support staff to ensure the project is completed on time and the project sponsor is Robinson family.

7 0

3 years ago

On September 30, Silver Corporation, a calendar year taxpayer, sold a parcel of land (basis of $400,000) for a $1 million note.

lora16 [44]

Answer: Sam must report $700,000($900,000 - $200,000) for tax purposes.

Explanation:

Because Sam is the sole shareholder of Silver, and has a basis of $200,000 in his stock. Once Silber distributes $900,00to Sam on December 31

3 0

2 years ago

Dave's Duds reported cost of goods sold of $2,000,000 this year. The inventory account increased by $200,000 during the year to

Nookie1986 [14]

Answer:

a. $2,200,000

Explanation:

We solve considering the inventory identity:

$$$Beginning Inventory + Purchase = Ending Inventory + COGS$

$$$ Purchase = (Ending Inventory - Beginning Inventory) + COGS$

the difference during the year means the difference between ending and beginning inventory was of 200,000

So we plug that into the formula and solve

$$$ Purchase = +200,000 + 2,000,000$

Purchase 2,200,000

4 0

2 years ago

A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj

baherus [9]

Answer:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

Explanation:

The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.

In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.

Therefore, we have:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

6 0

2 years ago