Chart, because a chart has coloumns, and at the top it labels clearly the contents of the coloumn
Answer:
The correct answer is d) A deduction from net income in determining cash flows from operating activities.
Explanation:
To get net cash flow using the indirect method we must make adjustments to the net income.
It depends on the account if it is added or subtracted to net income.
In this case, an increase in available-for-sale securities due to an increase in their fair value should be reported as a deduction from net income.
Answer:
(C) Debit Office supplies, $500; credit Accounts payable, $500
Explanation:
Businesses maintain the office supplies inventory of supplies and record the supplies purchased into this account and expense it afterward with the usage of inventory. In this question offices supplies purchased will be debited to office supplies account. As it is purchased on account so it will be credited to account payable account to make a liability against the transaction.
Answer:
correct option is $0
Explanation:
given data
purchased truck = $270,000
transportation and calibration costs = $30,000
life = 20 years
financed period = 15 year
solution
we know here that some expenses like insurance and depreciation etc is allocated by systematic and the rational procedure for some period
so that during that period related asset is expected to provide the benefit
and acquisition of capital asset is not record as expenses
we know appropriate property and plant or the equipment assets account are debit on purchases
so that Depreciation expenses are recorded to reflect the allocation of costs of the asset to operation over service life of assets
so here correct option is $0
Answer:
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Explanation:
Just a cheerful teen willing to help...
