The section in the statement of cash flows for reporting the purchase of equipment for cash is Investing activities This is further explained below.
<h3>What is Investing activities?</h3>
Generally, Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.
In conclusion, Equipment purchases paid for in cash are included in the Investing activities part of the statement of cash flows.
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One example of when consumer perception influenced demand is when the concept that Japanese made cars were more durable than Chinese cars.
<h3>What were the effects of this perception?</h3>
This perception tended to increase the demand for not just Japanese cars but for Japanese products.
It is believed that Japanese are very strong on quality and excellent processes, hence the high quality of their products.
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A working supervisor will do manual work/under employee standard job activities while supervisor will just oversee the work being done and step in as needed
Answer:
Remember that according to the accrual concept, the advances received are not earnings until you have delivered you consideration. This means that the revenue would be only that part of the advances received which we have compensated by our consideration. Consideration means any product or service which has a monetary value. The consideration here requires to be delivered in three months time. Here the year end is 31 December so the amount that must appear as revenue in the year must be 1 month share out of 2 months total ($2700 * 1/2 = $1350).
So the entry would be to decrease in the unearned fees which is liability (must be Debited) and an increase in the Earned Fees (Revenue increases are always Credited) by amount $1350.
Dr Unearned fee $1350
Cr Earned Fees $1350
So the option d by seeing the entries mentioned above, is correct answer.