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vazorg [7]
3 years ago
7

In a statement of cash flows, which of the following would be classified as an investing activity?

Business
1 answer:
Elanso [62]3 years ago
5 0

Answer:

C. The sale of equipment.

Explanation:

Investing activities: It records those activities that include the long-term asset buying and selling. The buying is a cash outflow while the sale is a cash inflow.

The cash outflow decreases the cash balance whereas cash inflow increases the cash balance. So the buying would be shown in a negative sign while the selling is shown in the positive sign

Hence, the correct option is C.

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Alicia Tax Services paid $690 to settle an account payable. Which of the following general journal entries will Alicia Tax Servi
aleksandr82 [10.1K]

The general journal entries that  Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

Based on the information given since Alicia Tax Services paid the amount of  $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:

Debit Accounts payable $690

Credit Cash $690

(To record account payable)

Inconclusion the general journal entries that  Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

Learn more about account payable here:brainly.com/question/1347024

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In order to calculate _____ using cost plus markup, a seller needs to know two things the cost of the item in the market.
Dafna11 [192]
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Vika [28.1K]

Answer: $4.1 million

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From the question, we are informed that the ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year and that the company had declared a dividend of $1.5 million.

The net income earned during the year will be:

= $2.6 million + $1.5 million

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3 years ago
Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank
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Answer:

Use prezi

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I got a hundred rn

7 0
2 years ago
A difference between people-processing services and possession-processing services is that possession-processing services:
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Answer:

b. do not require customers to enter the service factory.

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Possession processing involves tangible services provided on property belonging to a customer. It involves activities like lawn mowing, cleaning services. The property that is recoevong the action must be present but the customer does not need to be.

In people processing on the other hand, the customer is present and services provided are intangible, knowledge based, and customised to each client. For example retail banking services.

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3 years ago
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