Answer:
The gain should be deducted from net profit before tax and interest while calculating cash flows from operations and the cash proceeds is shown under investing activities as positive cash flow.
Explanation:
Since the cash flow is about actual cash received in period,the gain is irrelevant.But the gain must have been added in income statement in arriving at net income,hence in order to avoid double counting the gain impact should be eliminated whereas the cash received from the disposal is brought in down the line under investing activities as cash inflow.
The overall impact of this transaction on cash flow statement is illustrated below:
Gain -$45000
Cash proceeds $230000
Net impact $185000
The transaction has $185000 impact on the cash flow statement as a whole.
Answer:
the dividends in arrears = $2,800,000
the total dividend that must be paid this year = $5,600,000
Explanation:
<u>the dividends in arrears</u>
Last Year = 200,000 shares × $200 × 7%
= $2,800,000
<u>total dividend that must be paid this year</u>
<em>Note : The Preference Shares are cumulative meaning that arrears in dividends are accumulated to be paid at a future date</em>
Last Year`s Dividend $2,800,000
<em>Add </em>This Year`s Dividend $2,800,000
Total $5,600,000
Answer:
The correct answer is letter "A": press conference.
Explanation:
Press conferences allow the media to obtain information about different organizations that may be of common interest at the moment. They are also a sign that the company questioned can face the public which enhances the Public Relationships (PR) between that institution and the rest of companies within the industry.
Workhorse Air Crane Corporation employs aircraft mechanics, computer programmers, outside salespersons, and professionals, including pilots. Employees exempt from the Fair Labor Standards Act's overtime provisions include all of the following except (A) aircraft mechanics
Explanation:
Section 13(a)(1) of the <u>Fair Labor Standards Act's-FLSA</u> provides an exemption from both minimum wage and overtime pay for employees who are employed as<u> bonafide executive, administrative, professional and outside sales employees. </u>
Section 13(a)(1) and Section 13(a)(17) of <u>Fair Labor Standards Act's </u>also exempt certain computer employees.
To qualify for exemption under the <u>Fair Labor Standards Act</u> , employees generally must meet certain tests regarding their job duties and be paid on a salary basis at not less than $684* per week.
