Answer:
Creative Sound Systems should report $18,800,000 as net cash flows from financing activities
Explanation:
Cash flow Financing activities are the funds that the business acquire or paid to finance its main activities, these involve borrowing and repaying short-term loans, long-term loans and other long-term liabilities.
From the question, Cash inflow from Issue of common share and Cash outflow from purchase of treasury stock are the only recognizable Financing activities
Particulars Amount
Cash inflow from Issue of common share $39,600,000
Cash outflow from purchase of treasury stock -$20,800,000
Net cash flows from financing activities $18,800,000
<span>Fixing a problem will often cost money; to minimize these costs it is best to find and fix the problem _______.
</span>answer: during the design phase
Option B, The false statement from the given is, "Students rarely leave out of college because of financial difficulties".
<u>Explanation:
</u>
Undergraduate students may open up job opportunities, but certain students may not bear costs. Student loans are not a prime opportunity to fund a university degree, and credit can be a far bigger burden for dropping-out graduates.
It can be a challenge with two reasons not to hold the student loan debt going after leaving: interest and late payments and the effect on credit. Interest and late charges will continue to increase the overall balance owed by student loans over time. When a student who has withdrawn is prepared to handle his debt, he or she may face a tougher challenge than expected.
Answer:
Explanation:
(A) The preparation of the bank reconciliation statement on July 31, 2017 is presented in the spreadsheet. Kindly find the attachment below:
(B) The journal entries are shown below:
Cash A/c Dr $2,576
To Accounts receivable $,2576
(Being cash is collected)
Bank service charges expense A/c Dr $51
To Cash A/c $51
(Being bank service charges paid)
Thomas needs to think what it is he needs to buy the car. That is cash (money). What does he need to do to get money? He needs a job. Once he has a job and starts getting paid, he needs to SAVE the amount required for the down payment, unless he has the money to buy it cash! Meaning he can pay it in full. If he is only paying for the down payment, then he needs to make sure he has good credit to qualify for a loan on the remaining balance.
All in all he needs a plan!