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3 years ago

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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Question 2

Gnesinka [82]

Answer:

Check the explanation

Explanation:

S.no. Date Particulars Debit ($) Credit($)

1. 31.03.2020 Bank A/c Dr 2800000

To Equity Share Application A/c Cr 2800000

(Being Application Money received on Shares)

2. 01.04.2020 Equity Share Application A/c2800000

To Share Capital A/c Cr 2000000

To Share Allotment A/c Cr 800000

(Being allotment made to shareholders)

3. 01.04.2020 Equity Share Allotment A/c 2000000

To Equity Share Capital A/c Cr 2000000

(Being allotment amount transfer to capital account)

4. 01.04.2020 Bank A/c Dr 1200000

To Equity Share Allotment A/c Cr 1200000

(Being Balance allotment amount received)

5. 01.04.2020 Share Issue Expenses A/c Dr 10000

To Bank A/c Cr 10000

(Being Share issue Expenses paid)

6. 30.06.2020 Bank A/c Dr 450000

To Share Capital A/c Cr 450000

(Being Right Share Issued)

7. 01.10.2020 Bank A/c Dr 250000

To Share Capital A/c Cr 250000

(Being Options given to shareholders)

8. 01.10.2020 Share Expenses A/c Dr. 50000

To Bank A/c Cr. 50000

(Being Option cost 50cents per share paid)

9. 30.11.2020 Interim Dividend A/c Dr 120000

To Bank A/c Cr 120000

(Being Interim Dividend Paid)

3 0

3 years ago

Which of the following will not help a firm speed up the timing of when it can obtain the use of funds from checks written to it

MaRussiya [10]

Answer:

The correct answer is C

Explanation:

Zero-balance accounts is the checking accounts in which zero amount of balance is maintained through automatically transferring the funds from the master account in an amount which is only large enough in order to cover the checks presented.

This account will not speed up the timing when use the funds from the checks written as it has keep a zero balance in the account.

6 0

3 years ago

After several United Airlines flights were canceled because of bad weather, reservation clerks had to scramble to get passengers

ivann1987 [24]

After several United Airlines flights were canceled because of bad weather, reservation clerks had to scramble to get passengers rerouted to their destinations on other flights and/or airlines. This is primarily an example of adaptive task performance. This is further explained below.

<h3>What is adaptive task performance.?</h3>

Generally, The capacity of a person to adjust to quickly changing work settings is what is meant by "adaptive performance." Problems can be solved imaginatively, ambiguity can be managed, new tasks can be learned, adaptation in interpersonal relationships can be shown, and emergencies can be handled. These are all aspects of adaptive performance.

In conclusion, Because of the inclement weather, numerous flights operated by United Airlines had to be canceled, and reservation clerks had to work quickly to rebook customers on other flights and/or airlines so that they could reach their final destinations. First and foremost, this is an illustration of adaptable task performance.

Read more about adaptive task performance.

brainly.com/question/14287992

#SPJ1

4 0

1 year ago

A new assessment tool does a good job of differentiating those who later will be depressed and those who will not be depressed,

Marina CMI [18]

Answer:

A. predictive validity.

Explanation:

The tool has predictive-validity because it can assess, or predict, out of a sample, which subjects will be depressed in the future, and which subjects will not, producing similar results to other tools that also measure depression, something that gives it credibility.

8 0

2 years ago

Another term for "food poisoning" is?

disa [49]

Answer:

botulism. salmonella.

Explanation:

7 0

2 years ago

Read 2 more answers