Answer:
A. An investing activity.
Explanation:
In the statements of cash flows for a given period end, the difference between the opening and closing cash balances for a period is recognized in 3 buckets of activities. These are operating, investing and financing activities.
When an asset is sold for cash, the proceed received from the sale is recognized as an inflow of cash in the section of investing activities in the cash flow statements.
It is the the negotiation of wages and other conditions of employment by an organized body of employees.
Answer:
The answer is Harris Co, who should include the $12,500 of the merchandise in transit as part of its year-end inventory.
Explanation:
For this question, we must first need to understand the <u>FOB destination</u>.
<u>FOB destination:</u>
- Selling term under which the ownership of goods sold and shipped remain with the seller - Harris Co.
- This is until the goods arrive at the buyer's destination
- Once the goods reached at buyer's receiving dock, the ownership is transferred to the buyer from the seller - In this case, buyer is Harlow Co
<u>Further explanation:</u>
In this case, Harris Co shipped $12,500 of merchandise FOB destination to Harlow Co. The ownership will remain with the company Harris Co (seller) that shipped the goods to Harlow Co (buyer), until they arrive at the buyer company Harlow Co's receiving dock.
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Learn more about technology here:brainly.com/question/25110079
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