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adelina 88 [10]
4 years ago
6

Indicate in which financial statement each item would most likely appear, by selecting income statement (I), balance sheet (B),

or statement of cash flows (CF) from the drop down provided.(a) Equipment(b) Expanses(c) Liabilities(d) Net decrease (or increase) in cash(e) Revenues(f) Total liabilities and equity(g) Assets(h) Cash from operating activities(i) Dividends
Business
1 answer:
Amiraneli [1.4K]4 years ago
7 0

Answer & Explanation:

equipment --> balance sheet, equipment is an asset account. It represnet long-term equipment that will generate revenue over a period of time

expenses --> Income Statment, the expenses are cost ofor a given period, they do not stay in he company, they occur and cease to exist. They decrease the earnings of the company.

Liabilties --> Balance Sheet, the liabilities arethe obligation to pay or do from the company.

Net decrease or increase in cash --> cash flow. It this statement we calcualte the origin of the cash andthe transaction which affected.

Revenues --> income statment The revenues are the income from the company's operations. It generates profit

Total liablities and equity --> balance sheet. This total matchesthe total asset in theblaance sheet to provee the accounting equation is correct

Assets --> balance sheet The assets represent the thing or rights the company have which, will use to generate income in the near future.

Cash from operating activities --> cash flow This are cash generated from the main activity of the company

Dividends --> cash flow, the dividend will decrease the ammount of cash, as they are paid with business money.

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Answer:

No effect

Explanation:

As with opening of petty cash fund, there is an exchange in the form of asset.

The free cash is now divided in two parts, cash and petty cash.

Both are assets and the closing balance of cash in balance sheet is aggregate of free cash and petty cash.

Therefore, there is no impact in the total assets as now free cash is petty cash which is later added to free cash.

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4 years ago
A clean air standard requires that vehicle exhaust emissions not exceed specified limits for various pollutants. many states req
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So is ; The store license will be revoked if they find significant evidence that the store is certifying non-compliant vehicles.

Explanation:

As these sites are not licensed to verify the correct operation of vehicles, they endanger not only the lives of drivers but they are also sources of environmental pollution.

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Why should an employer have employees sign a copy of the company's personnel policy?
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3 years ago
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Suppose that you start working for a company at age 25. You are offered two rather unlikely, but quite enticing, retirement plan
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Answer:

Total amount= $600,000

Explanation:

Giving the following information:

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<u>Now, the total retirement plan:</u>

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8 0
3 years ago
CakeCo, Inc. has three operating departments. Information about these departments is listed below. Maintenance is service depart
anzhelika [568]

Answer:

$6900

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The allocated maintenance cost to baking department is the fair share of baking department from the total maintenance cost incurred based on the floor space that the department occupied compared to other departments.

Allocated maintenance=total maintenance cost/total floor space*baking department's floor space

total maintenance cost is $13,800

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