Answer: The correct answer is "recorded in equity recorded in equity, as part of other comprehensive income.".
Explanation: Gains or losses on cash flow hedges are <u>recorded in equity, as part of other comprehensive income.</u>
<u>The gains or losses of a cash flow hedge must be recorded, as part of other comprehensive income, in equity.</u>
Answer:
$2,703,940
Explanation:
Calculation for the operating cash flow based on this analysis
Particulars Amount
Sales amount 6,375,000
(850*7,500)
Less vaiable cost 2,355,000
(314*7,500)
Less Fixed cost 647,000
Less Depreciation 187,000
PBT 3,186,000
Tax 21% 669,060
(21%*3,186,000)
PAT 2,516,940
(3,186,000-669,060)
Add: Depreciation 187,000
Operating cash flow $2,703,940
(2,516,940+187,000)
Therefore the operating cash flow based on this analysis will be $2,703,940
Answer:B exist to benefit a cause but not to make a profit.
Explanation:
They are to provide services which are useful to the members of the society at large. They exist to promote the interest of members of the public which are social in nature. With a view to ensure the smooth running of the organisation some individuals are elected to run the organisation in the position of chairman, secretary, and treasurer. They do prepare receipt and payment account which is similar to cash account while some do prepare income and expenditure account which is similar to profit and loss account.
Answer:
the trucking company recorded<em> a</em><em> </em><em>loss on disposal of $152,200 </em>when it sold the fleet of trucks.
Explanation:
Open the Truck Disposal T-Account as Follows:
Debits :
Cost $1,496,000
Totals $1,496,000
Credits:
Cash Receipt $56,800
Accumulated Depreciation $1,287,000
Profit and Loss (Balancing figure) $152,200
Totals $1,496,000
<em>Therefore, there was a loss on disposal of $152,200</em>
