The true rate of interest that you pay on a loan is called the

In what section of the statement of cash flows will the issuance of bonds payable to acquire a building be reported?

zloy xaker [14]

Answer:

Cash inflow from Financing Activity.

Explanation:

We know, that issuance of bonds = Financing Activity in cash flow statement.

But only the transactions involving cash transactions are recorded in cash flow statement.

Thus, here the purpose of issue of bonds is to acquire a building, but it is not issued in exchange of building.

Thus, the cash collected from issue of bonds will be used for the acquisition of building therefore, cash collected through issue of bonds is cash inflow from financing activity.

When the building will be bought it will be cash outflow in investing activity.

Final Answer

Cash inflow from Financing Activity.

5 0

3 years ago

Burns Corporation's net income last year was $98,300. Changes in the company's balance sheet accounts for the year appear below:

klio [65]

Answer:

a. $131,900

b. -$85,200

c. -$26,200

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

a. Cash flow from Operating activities - Indirect method

Net income $98,300

Adjustment made:

Add : Depreciation expense $32,200

Less: Increase in accounts receivable -$13,400

Add: Decrease in inventory $16,500

Less: Decrease in accounts payable -$18,700

Add: Increase in income tax payable $4,300

Add: Increase in accrued liabilities$17,100

Less: Increase in prepaid expenses -$4,400

Total of Adjustments $33,600

Net Cash flow from Operating activities $131,900

b. Cash flow from Investing activities

Purchase of Long-term investments - $10,300

Purchase of Property, plant, and equipment -$74,900

Net Cash flow from Investing activities -$85,200

c. Cash flow from Financing activities

Cash dividends declared and paid -$4,200

Repayment of bonds payable -$64,800

Issuance of common stock $42,800

Net Cash flow from Financing activities -$26,200

4 0

3 years ago

Which of the following are examples of companies operating a globalized world? Check all that apply

Wewaii [24]

<u>Answer:</u>

A. San Francisco-based Airbnb used #OneLessStranger to spark an international social media campaign in which it asked its community of customers to perform random acts of hospitality for strangers, then share a video or photo of themselves with the person they helped.

B. Dunkin' Donuts serves dry pork and seaweed donuts in China and grapefruit donuts in Korea.

C. Austria's Red Bull sponsors extreme sports events across Europe, North and South America, and Asia, making its drinks feel like a local presence while the company maintains a European look to its packaging.

<u>Explanation:</u>

Globalization is the distribution throughout national boundaries and traditions of goods, technology, knowledge and employment. This defines in terms of economics an inter-connectivity of countries across the globe that is promoted by free trade.

This seeks to support consumer economies worldwide by rendering markets more effective, increasing competition, reducing military conflicts, and more evenly distributing wealth. While the impoverished and the rich benefit from globalism in the median developing economy, it often has little impact on the incomes of the needy in many developed economies. Yet government actions are important in making globalization's advantages more comprehensive.

8 0

3 years ago

Which of the following differences would result in future taxable amounts? Expenses or losses that are tax deductible after they

Ivanshal [37]

Answer: Expenses or losses that are tax deductible before they are recognized in financial income.

Explanation:

Future taxable amounts arise as a result of a difference between the way an asset or liability is recorded due to the company's financial accounting principles and the way it should be recorded due to taxation principles of the government.

When this happens you will find that some things are not taxed as they should be, but rather as the company records them to be. These differences are only temporary though and correct themselves as time goes on.

An example of such are expenses of losses. Some expenses for instance may be taxable immediately but are instead only taxed in the business over the term of the expense.

3 0

3 years ago

HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

4vir4ik [10]

I think its B but i am not sure. let me know if i am wrong

7 0

3 years ago

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