The amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
<h3>Cash flow from operating activities sections:</h3>
Based on the information given the amount that will be reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is the gain amount of $7,600.
This gain is the gain from selling office equipment and this amount must be deducted from net income in the operating activities section of the statement of cash flows.
The reason why we have to deduct the $7,600 is because under accrual basis of accounting the amount represent a noncash addition to net income.
Inconclusion the amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
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Answer:
a) The bond sells at a price below par.
Explanation:
It means that the investor needs to pay a price lower than the par value the get a treasury bond, the coupons are fixed and the return of the principal it's the same as issued, if the yield to maturity (7,5%, discount rate in the present value formula) it's less than the rate of coupons (8%), then the price must be lower than the par value to meet the result.
When the bonds are traded at par value it means that the coupon rate it's the same of the yield to maturity.
And fi the bonds are traded at a price above par then the price of the bond are higher than the issued price.
Answer:
The correct answer is letter "A": Is this more than $20?
Explanation:
<em>Price </em>is relative at the moment of deciding if something represents a need or want. An employee who lives far from home married with many children would <em>need </em>a truck for transportation. A college student who lives on campus instead could <em>want </em>a truck even if it is not often used for transportation.
Thus, <em>questioning is something is more than $20 does not necessarily imply if the price is higher than $20 it is not a need and that it represents a want.</em>
The turn key management is the project firm that promises to do everything for a major project.
<h3>What is the turnkey contract.</h3>
This is the type of project management that would have a company taking the full responsibility of carrying out the project.
In such a project, the company has to make sure that the client is able to use the facility without doing further work to it.
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Answer:
Corrected cash balance =
Ending balance = $50,000
Deposit in transit = + $6,000
NSF Checks = - $1,000
Outstanding checks <u>= - $3,000</u>
Corrected cash balance = $52,000
Explanation:
To make Adjustments to the cash balance, follow these steps;
- Ending Balance from Bank statement
- Add Deposits in Transit
- Deduct NSF checks
- Deduct Outstanding checks