Answer:
B. cash flow from operating activities
Explanation:
Cash flows directly related to production and sale of a firm's products and services are cash flows from operating activities. The operating activities are those which are being performed to operate the activities of nature of business like product sale or service performance. e.g. Payment to suppliers and receipt from customer are the activities involved in the operating activities of Business.
Answer:
d. Debit Cost of Goods Sold $500.
c. Credit Merchandise Inventory $500.
Explanation:
The journal entry to record the cost of the sale is shown below:
Cost of Goods Sold $500
To Merchandise inventory $500
(To record the cost of the sale)
Here the cost of goods sold is debited as it increased the expenses and credited the merchandise inventory as it reduced the assets
Answer:
LIFO
Explanation:
Recognize that three cost flow assumptions (FIFO, LIFO, and averaging) are particularly popular in the United States. Understand the meaning of the LIFO conformity rule and realize that use of LIFO in the U.S. largely stems from the presence of this tax rule.
Based on the fact that the Euro will appreciate, the best thing for Johnson Co. to do is to e.purchase euros forward.
<h3>What should Johnson Co. do?</h3>
The fact that the Euro is going to appreciate in value means that Johnson Co. will have to pay more in future.
They should therefore lock in a favorable Euro rate now by purchasing Euros at a forward rate.
Find out more on purchasing forward at brainly.com/question/14090802.
#SPJ12
Answer:
The price of subscription = 6.5
Explanation:
ex rights price = (current price × shares outstanding + amount raised) ÷ (current shares + amount raised/subscription price)
78 = (100×25+50) ÷ (25+50/Subscription price)
The price of subscription = 6.5
