This action could have been caused by writing off an uncollectible account.
A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.
If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.
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Delegation of Authority
The delegation of authority is having upper level management funnel tasks and information through their chain. Delegation is assigning someone below them (usually) a task to complete.
Often the delegation of authority looks like this:
Top level management
Middle level employee
Low level employee
Operating level employee
The last one so work samples etc are the best examples
Answer:
The net cash flows from financing activities is -$45,000
Explanation:
The computation of the net cash flows from financing activities is shown below:
= Additional common stock issued - purchase of treasury stock - dividend paid - long term note payable issued
= $160,000 - $75,000 - $40,000 - $90,000
= -$45,000
The other items which are mentioned in the question have come under the investing activities
