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fenix001 [56]
3 years ago
5

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because deprecia

tion represents a(n) ______ reduction to net income.
Business
1 answer:
luda_lava [24]3 years ago
4 0

Answer:

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because depreciation represents a non cash reduction to net income. Depreciation is a non cash reduction because it notes down the the reduction in the value of an asset due to use as an expense and because the company isn't making any cash transactions due to depreciation of assets therefore it is a non cash expense and this is why it is added back to net income when preparing cash flow from operating activities.

Explanation:

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Explanation:

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You have just inherited $560,000. You plan to save this money and continue to live off the money that you are earning in your cu
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Answer:

10.64 years

Explanation:

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N = number of years  

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3 years ago
What is double entries for debit note received
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3 years ago
The following is the only information pertaining to Kane Co.âs defined benefit pension plan:Pension asset, January 1, Year 1 $ 2
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Answer:

option (a) is correct answer '$ 7,000 overfunded'

Explanation:

Data:

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Now,

projected benefit obligation (PBO) = (Pension asset + Actual and expected return ) - Total expenses

or

projected benefit obligation (PBO)

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or

overfunded projected benefit obligation (PBO) = $ 7,000

hence,

option (a) is correct answer '$ 7,000 overfunded'

6 0
3 years ago
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