<span>Answer: Sheet1:Sheet4
Explanation:
The symbol : is used in Excel to refer to the range. So Sheet1: Sheet4 denotes,
FROM sheet1 TO sheet4 of the workbook.</span>
Answer and Explanation:
As per the data given in the question,
The preparation of the operating activities section of the cash flow statement using the indirect method is shown below:
Cash flow from operating activities:
Net income $21,000
Add: Depreciation $4,000
Less: Accounts receivable expense -$9,000
Add: Inventory decrease $4,000
Add: Salaries payable increase $900
Net cash flow provided by operating activities $20,900
Net income is added because it provided before adjustment.
Depreciation is added because it is non cash expense.
Accounts receivable expense is deducted because it is trap in account receivable.
Inventory decrease is added because it depicts that the inventory is converted in cash.
Salaries payable increase is added because it shows cash is not paid which rise the level of cash.
Answer:
Bodily's income tax payable for 2018 would be $26000.
Explanation:
net tax expense for the year
= tax for the year - tax saving on loss set off
= $230,000*25% - $126,000*25%
= 57500 - 31500
= 26000
Therefore, Bodily's income tax payable for 2018 would be $26000.
Answer:
Option C
2,100 completed units.
Explanation:
<em>Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.
</em>
Equivalent units are computed as follows:
Equivalent Units = Degree of completion (%) × units
equivalent unit of conversion cost = 70% × 3,000 = 2,100 units
