Answer:
$200,000 cost of Equipment
This is not shown in the Cash flow statement unless it was purchased in the current year. Seeing as the asset is being sold significantly less than it was bought, we will assume this is not the case so this does not go into the Cashflow statement.
$60,000 Accumulated depreciation
NOT SHOWN IN CASHFLOW STATEMENT because it is only the current year depreciation that is shown.
$132,500 sales price.
This is ADDED TO CASHFLOW FROM INVESTING ACTIVITIES because investing activities deals with fixed assets so when they are sold, they are added back to the Investing activities to reflect the inflow of cash.
$7,500 loss on Sale of Equipment
This is ADDED TO CASHFLOW FROM OPERATING ACTIVITIES because the sales price already includes it in Investing activities yet Net income has accounted for it already by deducting it. To avoid double counting, the loss will have to be cancelled out by adding it back to the operating activities.
Answer:
True.
Explanation:
In general, the vast majority of industrial entrepreneurs prefer self-regulation over government regulation. This is so due to two fundamental factors: on the one hand, the maintenance costs of the government regulatory system are paid for through taxes, which means that the higher the regulations, the higher the taxes that each company must pay, while the self-regulation should not spend. more money than that of the control systems, without allocating sums of money to the government; and on the other, flexibility, that is, the possibility of adapting the processes, systems and needs of each company to the necessary regulations, being able to optimize costs and processes.
Answer:
The adjusting entries are as below:
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000
Explanation:
The new allowance for doubtful accounts should be calculated as 10% of the closing balance of accounts receivable,i,e 10% of $400000=$40000
The new $40000 estimates of allowance for doubtful accounts means that the closing balance in allowance for doubtful accounts should be $40000 credit balance.
Since the opening balance was $36000 credit, the extra amount to top it up to $40000 is $4000($40000-$36000)
Hence,the required adjustment to the allowance for doubtful accounts is shown below
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000
Answer:
Year 1
Incremental earnings = EBIT * ( 1 - Tax)
EBIT = Revenue - Operating expense - Depreciation
= 121.6 - 37.7 - 26.6
= $57.3 million
Incremental earnings = 57.3 * ( 1 - 35%)
= $37.245 million
Year 2
EBIT = 169.3 - 50.4 - 28.2
= $90.7 million
Incremetal earnings = 90.7 * (1 - 35%)
= $58.955 million
The measure used to assess aspects of a population's health is infant mortality rate.
<h3>What is population?</h3>
Population refers to the total number of people residing in a particular area in a given period of time.
It is the collection of individuals or a group of people with a common characteristic.
Hence, the measure used to assess aspects of a population's health is infant mortality rate.
Learn more about population here : brainly.com/question/24653419
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