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VashaNatasha [74]
3 years ago
6

Portions of the financial statements for Peach Computer are provided below.

Business
1 answer:
jonny [76]3 years ago
3 0

Answer:

$128,100

Explanation:

Cash flows from operating activities

Net income $91,000

Adjustment to reconcile

net income to net cash

from operations

Depreciation expenses $47,000

Changes in working

capital

Decrease in accounts re. $4,200

Increase in inventory ($18,500)

Decrease in prepaid rent $1,700

Decrease in income tax payable ($3,800)

Increase in accounts payable $6,500

Net cash flow from $128,100

operating activities.

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Answer:

1. The expected post-retirement benefit obligation at the end of 2021 is $196,000, the present value of total net costs of providing health care benefits.

2. Calculation of the accumulated post-retirement benefit obligation at the end of 2021 is as below:

APBO = EPBO * Full eligibility period / Attribution period

APBO = $196,000 * 2 / (2+28)

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6 0
3 years ago
Which of the following is not a comprehensive basis of accounting other than generally accepted accounting principles?A. Basis o
notsponge [240]

Answer:

The correct answer is letter "D": Basis of accounting used by an entity to comply with the financial reporting requirements of a lending institution.

Explanation:

According to the Generally Accepted Accounting Principles (GAAP) <em>income tax accounting, cash basis accounting, modified cash basis of accounting, </em>and <em>basis of accounting to comply with a mandatory governmental authority </em>are valid to prepare financial statements. Any other method is forbidden.

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3 years ago
Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for a few months until his credit history impr
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your answer is: Fido's decision is sensible because the cost of the car loan should be less if his credit history improves.


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Gasoline and bicycles are substitutes in consumption. Suppose we increase the federal gasoline tax to $1 per gallon.
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Option B

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Answer:

the journal entry to record the purchase of treasury stocks

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7 0
2 years ago
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