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Fantom [35]
3 years ago
7

Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to the following

Business
1 answer:
nasty-shy [4]3 years ago
4 0

Answer:

D) as a deduction from Net Income

Explanation:

When the company decrease the value of the accounts payable it means that the company pays its debts in less time than previous year.

In effect the company sees its net income decrease because needs the money to compensate the lower value on the Accounts Payable as a consequence of beeing paid in less time.

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A had a capital of ₹ 125,000 on 1st April, 2018. He had also goods amounting to ₹ 45,000
svetoff [14.1K]

Answer and Explanation:

The computation is shown below:

a. Total assets is

= Capital + creditors

= 125,000 + 45,000

= 170,000

b. The ending capital is

= Capital - loss - drawings

= 170,000 - 3,700 - 1,800

= 164,500

The assets is

= Ending capital + creditors

= 164,500 + 45,000

= 209,500

The same should be considered

6 0
3 years ago
Pop owns 87% of the common stock of Sugar. On December 31, 2017, Pop's Receivables include $296,880 that Pop advanced to Sugar.
Sloan [31]

Answer: $296,880

Explanation:

Pop owns more than 50% of Sugar which means that Sugar is a subsidiary of Pop's. When this happens, trade between the two are not shown in the consolidated financial statement unless the goods traded have been sold off to a third party.

As these goods have not, and are still considered accounts receivable to Sugar, the entire amount will be removed from the consolidated financial statements.

6 0
3 years ago
To help herself remember the items she was to get from the market, Anna repeated the five-item list over and over under her brea
pickupchik [31]

Answer:

rehearsal

Explanation:

This information processing strategy is best referred to as a rehearsal.

Repeating the same thing over and over again helps to memorize and gain mastery of a particular detail or concept.

  • For Anna, rehearsing the item list helps her to process and hold on to the bits of information she has better.
  • Other information processing strategy are organization, elaboration, mnemonic, systematic searching.
  • They all serve various needs based on the information to be processed.
8 0
3 years ago
Adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the
Georgia [21]

What we own are asset, adjustments ensure that asset balances are reported

<h3>What is an asset?</h3>

An asset is of worth that has economic value and future benefit.  An asset can serve as a source of income generating money for present and future endeavors.

Therefore, what we own are asset, adjustments ensure that asset balances are reported

Learn more on assets here,

brainly.com/question/25821437

5 0
2 years ago
Huish Awnings makes custom awnings for homes and businesses. The company uses an activity-based costing system for its overhead
viva [34]

Answer:

a  

First stage allocation of overhead costs to the activity cost pools

                                      Making Awnings   Job Support   Other     Total

Production Overhead 67500               60000  22500 150000

Office Expenses           8000               65000 27000 100000

b  

Activity rates (cost per unit of activity)

                                                              Making Awnings    Job Support  

Production Overhead (Cost/annual activity)  13.5               300  

Office Expenses (8000/5000)(65000/200)  1.6                  325

Find attachments for c and d part.

8 0
4 years ago
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