Answer:
Correct option : c. a decrease of $150,000
Explanation:
Based on the information given in Year 1 inventory shows the amount of $100,000 while the inventory in Year 2 shows the amount of $250,000 which simply means that inventory that is purchased is higher than the inventory that is sold which will inturn lead to outflow of cash because cash is been paid , hence cash will decreased by the amount of $150,000($100,000-$250,000).
Therefore the cash flow from accounts receivable would be recorded as:a decrease of $150,000
The answer is 1 KB is equal to 1024 Bytes
Answer:
Answer:
$420 of revenue, $840 of deferred revenue
Explanation:
Data provided in the question
Paid amount = $1,260
Given months = 6 months
Number of months = 2 months
For two months, the revenue is
= Paid amount × number of months ÷ given months
= $1,260 × 2 months ÷ 6 months
= $420
Now the deferred revenue is
= Paid amount - revenue
= $1,260 - $420
= $840
Hence, the revenue is $420 and the deferred revenue is $840
Answer: True
Explanation:
The Federal Reserve requires that all banks with National charters become members of the Federal Reserve so that they may have a say in the way the Fed runs its operations. State banks are not required to join but can if they meet some requirements.
The Office of Comptroller of the Currency (OCC) continually supervises and examines national banks to ensure that they are engaged in best practices regarding their operations and treatment of customers.
