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Klio2033 [76]
3 years ago
13

The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation

Business
1 answer:
dalvyx [7]3 years ago
5 0

Answer: B. reduces reported net income of the period but does not involve an outflow of cash for that period.

Explanation:

Depreciation is the wear and tear of an asset due to the use of the asset. When an asset is depreciated, such an asset is eventually sold at a scrap value.

The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation reduces reported net income of the period but does not involve an outflow of cash for that period.

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This information relates to Sunland Company for the year 2017. Retained earnings, January 1, 2017 $83,080 Advertising expense 2,
babymother [125]

Answer:

Net Income : $16.616

Retained Earnings: $92.256

Please see details below:

Explanation:

Income Statement 2017

Sales  $71.920  

Advertising Expenses -$2.232  

Miscellaneous Expenses -$50.096  

Utilities Expenses -$2.976  

Net Income $16.616  

Retained Earnings Report  

Opening retained earnings $ 83.080

Add: Net Income $ 16.616

Subtotal $ 99.696

Less: Dividens -$ 7.440

Total $ 92.256

8 0
3 years ago
The worlds first modern bank opened during the 14th century in this country
Naily [24]
The worlds first and modern bank opened during the 14th century in Florence, Italy and later many branches were established in other parts of Europe. Even though the banking system became very crucial in the 14th century, the Bardi and Peruzzi families were able to start and establish several branches during this century.
6 0
3 years ago
One of the consequences of the U.S. trade deficit is that Multiple Choice domestic inflation has resulted. the accumulation of A
balandron [24]

Answer: the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.

Explanation:

Trade deficit is a situation whereby the expenses incurred is more than the revenue gotten.

One of the consequences of the U.S. trade deficit is that the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.

7 0
3 years ago
Companies should kick-off sustainability efforts with diagnosis because: diagnosis is easier to understand than other aspects of
pashok25 [27]

Answer: It helps focus employees on what needs to change

Explanation:

For change in anything to be implemented, there needs to be a recognition of what it is that is lacking that needs to be changed.

This is why diagnosis is very important. It shows the company what they need to change in order to be more sustainable and when the company is aware of these things, their employees will become more focused on those things with the view to change them.

5 0
3 years ago
Which C of the four C’s of marketing associates with the promotion element of the marketing mix?
Alex17521 [72]

The 4 C's of the marketing mix are: consumer wants and needs/value, cost, convenience, and communication. Communication is the aspect that aligns with promotion when relating the 4 C's to the 4 P'S of marketing. When you promote a product you are using commication to get the product promoted to the consumer. You need to be able to reach your audience so that you can actively promote the production. To communicate you need to have your information together, know how to tailor your pitch, and make sure your audience connects with you and your product.

7 0
3 years ago
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