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Vikki [24]
3 years ago
8

Tabares Corporation had these transactions during 2020.

Business
1 answer:
kozerog [31]3 years ago
4 0

Answer:

Tabares Corporation

Indication of whether each transaction is an operating activity, investing activity, financial activity, or noncash investing and financing activity:

a) Financing activity

b) Investing activity

c) Noncash financing activity

d) Financing activity

e) Investing activity

f) Operating activity

g) Operating activity

Explanation:

A statement of cash flows is a financial statement that shows the inflow and outflow of cash for a period.  It is divided into 3 main activities and noncash investing and financing activity.

The activities are Operating, Financing, and Investing.  The Operating Activity section shows the inflow and outflow of cash from normal business operations.

The Financing Activity section shows the inflow and outflow of cash from financing (raising funds and repayment of funds) the business.

The Investing Activity section shows the inflow and outflow of cash as a result of the investments made by the entity, including the purchase of noncurrent assets and security investments, and their disposal.

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Answer:

E) playing safe

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The correct answer is $9,850,000

Explanation:

The Enterprise fund which will be reported, total other financing sources of the amount is computed as:

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Answer:

Please find the detailed explanation below.

Situation 1 and 2 have disclosure while situation 3 does not require any disclosure.

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Situation 3. This is a self insurance and self insurance is not an insurance. There is no contingent liability in this situation. Also, there is no accident, no injury. Hence, this is no disclosure here.

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