Answer:
a.
Explanation:
Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement.
Examples: Revenue earned, expenses incurred etc.
There are two methods to prepare the cash flow statement. The only difference between both the methods is the way of presenting cash flow from operating activities.
The two methods of presenting cash flow statement are:
- Direct method: Operating activities section under direct method reports the amount of cash received and paid by the company during the period.
- Indirect method: Operating activities section under indirect method reports the net income and later adjusts the transactions to convert it to cash basis of accounting.
Depreciation expense is a non-cash operating expense. Thus, it is added back to the net income to derive net cash inflow from operating activities section of the cash flow statement.
Answer: um... Imma say 6 i guess i don't really know
Explanation:
Based on the information given the appropriate journal entry to record the redemption of the bonds is:
Casey Company Journal entry
June 30, 2021
Debit Bonds payable $500,000
Debit Premium on bonds payable $8,000
($508,000-$500.000)
Credit Gain on bond redemption $28,000
($508,000 - $480,000)
Credit Cash $480,000
($500,000 x 96%)
(To record redemption of the bonds)
Learn more here:brainly.com/question/23875796
Answer:
If the company decides to purchase the parts, its total costs will increase by $3,400, so it should continue to manufacture the part.
Explanation:
current production costs:
direct materials $15,800
Direct labor $6,900
Variable overhead $16,800
Fixed overhead $12,000
total costs = $51,500
if the company can purchase the 100 units form an outside vendor for $47,100 and avoid $4,100, its total costs would be:
purchase price $47,000
fixed overhead = $12,000 - $4,100 = $7,900
total costs = $54,900
If the company decides to purchase the parts, its total costs will increase by $3,400, so it should continue to manufacture the part.
Offering only the minimum payment keeps you in debt longer and racks up interest charges. It can also put your credit score at risk.
