Answer:
C) Operating, $12,000; financing $6,000.
Explanation:
Interests expenses do no change the notes payable or bond, but results in the reduction of the cash flow of a company. Therefore, the interests paid on both short terms notes payable and interest on long-term bonds will appear under the operating activities section of the cash flow statement.
Dividend appears under the financing activities section of the cash flow statement.
For this question, we therefore have:
Cash outflows from operating activities = Interest on short-term notes payable + Interest on long-term bonds = $2,000 + $10,000 = $12,000
Cash outflows from financing activities = Dividends on common stock = $6,000
Therefore, the correct option is C) Operating, $12,000; financing $6,000.
Answer:
the reconciliated bank statement will be for 2,679.45
Explanation:
bank balance 3,481.55
deposit in transit 12.90
outstanding checks (815)
adjusted bank 2,679.45
account balance 2,715.83
services change 1.02
fees (37,40)
adjusted account 2679,45
Answer:
$1,890,000
Explanation:
Calculation to determine what income (loss) is reported in 2021
2021 Reported Income loss=[$2,700,000-($2,700,000 × 30%)]
2021 Reported Income loss=($2,700,000-$810,000)
2021 Reported Income loss=$1,890,000
Therefore the income (loss) that is reported in 2021 will be $1,890,000
Answer:
The correct answer is the first option: Advantage.
Explanation:
To begin with, the name of<em> "Normalization"</em> refers to the process of structuring a relational database alongside with normal forms with the purpose to reduce the amount of data redundancy and increase and improve the amount of data integrity. Most of the cases, the normalization concludes when the relational database meets the third normal form, that is considered to be free of insertion, updated and free of anomalies due to the fact that it deletes them. That is why that the elimination of modificating anomalies is an advantage of normalization.
