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ivann1987 [24]
3 years ago
14

Each of these items must be considered in preparing a statement of cash flows for Irvin Co. for the year ended December 31, 2017

. For each item, state how it should be shown in the statement of cash flows for 2017. (a) Issued bonds for $200,000 cash. select an option (b) Purchased equipment for $180,000 cash. select an option (c) Sold land costing $20,000 for $20,000 cash. select an option (d) Declared and paid a $50,000 cash dividend.
Business
1 answer:
Daniel [21]3 years ago
4 0

Answer& Explanation:

(a) financing activities as the cash inflow comes from third parties in exchange of the future promise to received plus interest

(b) investing activities This cash outlay is perofrm to increase the capacity to generate cash in the future

(c) investing activity the cash inflow comes form the fixed assets of the company not their main operations.

(d) financing activities as the stockholders previously contributed to the firm equity are viewed as "lenders" to the company They made a contribution and now they receive their "interest"

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Yellco Inc., a toy manufacturer, provided the following information: Domestic unit sales price $50 Unit manufacturing costs: Var
aleksley [76]

Answer:

$540,000

Explanation:

Calculation for The company's differential revenue from the acceptance of the offer

Using this formula

Differential revenue = Number of units of export order * Offer price per unit

Let plug in the formula

Differential revenue=9,000*$60

Differential revenue= $540,000

Therefore the company's differential revenue from the acceptance of the offer is $540,000

4 0
3 years ago
Which of the following is the most important trait of a successful business owner?
inn [45]
Perseverance is the most important trait of a successful business owner
6 0
3 years ago
Read 2 more answers
Renee invested $2,000 six years ago at 4.5 percent interest. She spends her earnings as soon as she earns any interest so she on
Schach [20]

Answer:

C. Simple Interest

Explanation:

Simple interest is s type of interest whereby the money earned or money paid is done on the original amount of money that was invested or borrowed. It indicates the amount you pay on getting a loan or the amount of income received on investment. Since Renee only receives interest on her initial $2000 investment and not on interest which was previously added to the $2000, then Renee is earning from Simple interest.

5 0
3 years ago
Evaluation of the amount of costs incurred should be based on the actual volume of activity rather than the planned volume of ac
inna [77]

Answer:

False

Explanation:

The Performance Evaluation may be defined as the formal as well as a productive procedure to help measure the work of the employee and results is based on their job responsibilities.

For any performance evaluation, the cost that is actually incurred should not be compared to the cost which would have been incurred to the actual volume of the activity or work rather than the planned activity.

Thus the answer is false.

8 0
3 years ago
A price imposed by the government below an equilibrium price is called a ____
ehidna [41]

Answer:

Price ceiling

Explanation:

When the government imposed a price ceiling in a market of goods which means that price set by the government lies below the equilibrium price of an economy. Price ceiling results in a higher demand for the goods because people wants to buy more quantity of goods at a lower price. But supplier of the goods wants to reduce supply as it will become less profitable for the producers to sell the product at a lower price.

6 0
4 years ago
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