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Alexxandr [17]
3 years ago
7

Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, stock issued for equ

ipment would be classified on the statement of cash flows.
Business
1 answer:
trasher [3.6K]3 years ago
4 0

Answer:

No, it will not be classified on cash flow statement.

Explanation:

In the given case, stocks are issued in exchange of equipment. Assuming no cash is involved even for the balancing amount.

Since, cash flow statement records all transactions involving cash the exchange of stock issued for equipment, is nowhere involving cash thus, it will not be depicted on cash flow statement.

Final Answer

No it will not be classified on cash flow statement.

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Carlos and Devon both accepted new jobs at different companies. Carlos's starting salary is $42,000 and Devon's starting salary
Yakvenalex [24]

Answer:

By comparing the Z-values both are below the average salary in their firms but Devon is even lower as as 1.60 below the mean

Carlon has a better comparative salary as is 1.25 points below the mean

Explanation:

we have to normalize each distribution to know the Z-values for Carlos and Devon:

\frac{X-mean}{deviation} =Z

<u>Carlos:</u>

(42,000 - 52,000)/8,000 =-1.25

<u>Devon:</u>

(40,000-48,000)/5,000 = -1.60

4 0
3 years ago
Who bought the treasure island hotel and casino from the Wynn corporation?
IgorLugansk [536]
Phil Ruffin bought treasure island
4 0
3 years ago
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits an
ikadub [295]

Answer:

$ 226.04

Explanation:

Given:

Paying fund, FV = $ 30000

Interest rate, i = 2%

Time, t = 10 years

Now,

\textup{PMT}=\textup{FV}[\frac{i}{(1+i)^n-1}]

since, the payment is made monthly

thus,

n = 10 × 12 = 120 months

i = 2% / 12 = 0.02 / 12

on substituting the values in the above equation, we get

PMT={30000}[\frac{\frac{0.02}{12}}{(1+{\frac{0.02}{12}})^{120}-1}]

or

PMT = $ 226.04

3 0
3 years ago
At the beginning of Year 1, a company reported a balance in common stock of $169,000 and a balance in retained earnings of $69,0
elixir [45]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

7 0
3 years ago
Deductible transportation expenses: a.Do not include daily expenses for transportation between the taxpayer's home and temporary
ad-work [718]

Answer: c. Do not include the normal costs of commuting

Explanation: deductible expenses do not include the normal costs of commuting. Deductible expenses can be subtracted from a company's income before it is subject to income tax. Therefore they reduce tax liability. Utilities, wages, rent, auto expenses, meals and entertainment, some business expenses such as advertising, employee benefits, insurance etc. are examples of expenses that can be deducted from a company's income.

3 0
2 years ago
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