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4 years ago

The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is:_______.

Business

1 answer:

VikaD [51]4 years ago

3 0

Answer: Investing activities

Explanation:

The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is referred to as the investing activities.

The operating activities has to do with the reporting of cash payment for wages. The financing activities has to do with reporting issuance cash for the common stock.

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The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013

timofeeve [1]

Answer:

2013: $490,000 2012: $561,000

Question:

Errors in inventory count the following information was taken from the record of Spencer Enterprises

2013 2012

Beginning Inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory $93,000 $63,000

Cost of goods sold $518,000 $528,000

The following two errors were made in the physical inventory counts:

1. 2012 ending inventory was overstated by $33,000

2. 2013 ending inventory was understated by $28,000.

Compute the correct cost of goods sold for both 2012 and 2013.

Explanation:

Computation of cost of goods sold for the year 2016 and 2015

Particulars 2013 2012

Beginning inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory (corrected) $121,000 $30,000

Cost of goods sold (corrected) $490,000 $561,000.

note:

In 2013 new ending inventory = $93,000 + $28,000 = $121,000

In 2012 new ending inventory = $63,000 - $33,000 = $30,000

Beginning inventory + Cost of goods purchased = Cost of goods available for sale

Cost of goods available for sale - Ending inventory = Cost of goods sold

3 0

4 years ago

Which employees typically work in an office environment within schools? Check all that apply.

stiks02 [169]

A. and B.

C. is not correct because Instructional design, or Instructional systems design (ISD), is the practice of creating "instructional experiences which make the acquisition of knowledge and skill more efficient, effective, and appealing

D. Is not going to be in a office more like the classroom

E. Is clearly in the library

F. Is in their own class room

8 0

3 years ago

Read 2 more answers

"Do what you do best" is most consistent with which target marketing strategy?

notka56 [123]

Do what you do best" is most consistent with undifferentiated target marketing strategy.

<h3>What is marketing strategy?</h3>

This is when an organization or company devised means of promoting their products to the target audience.

Undifferentiated is when a marketer overlooks the market's segment distinctions and make use of a marketing plan designed to appeal to as many individuals as possible.

Learn more about marketing strategy here: brainly.com/question/25640993

#SPJ1

5 0

2 years ago

Bill is a construction worker who was laid off because the market for new homes has been adversely affected in the recession. bi

kirza4 [7]

What Bill is experiencing is cyclical unemployment.

Cyclical unemployment is a type of unemployment that occurred due to the ups and downs of business cycles – where it would be low when the economic conditions are good, and it would be high when the economic conditions are bad.

Cyclical unemployment is part of the natural rate types of unemployment, together with structural and frictional.

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3 years ago

Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goo

Tomtit [17]

Imagine an economy in which:
(1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services, so it would be common to use, say, 50 yollars to buy a pair of shoes;
(2) prices are posted in terms of yardsticks, so you might walk into a grocery store and see that, today, an apple is worth 2 yardsticks; and
(3) yardsticks disintegrate overnight, so no yardstick has any value for more than 24 hours.

In this economy, the yardstick is a unit of account but it cannot serve as a store of value.

4 0

4 years ago