Answer:
The correct answer is d) A deduction from net income in determining cash flows from operating activities.
Explanation:
To get net cash flow using the indirect method we must make adjustments to the net income.
It depends on the account if it is added or subtracted to net income.
In this case, an increase in available-for-sale securities due to an increase in their fair value should be reported as a deduction from net income.
answer options ? I cant answer without options lol
Answer: $12000
Explanation:
The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:
= $200,000 × 6%
= $200,000 × 6/100
= $200,000 × 0.06
= $12,000
Therefore, the correct option is C.