Answer:
Cash flow items to be included in the investing section of the statement of cash flows under US GAAP
1. Cash received in sale of Equipment
2. Purchase of a piece of land
3. Sale proceeds from debt investments
Explanation:
Cash flow from investing activities is a section of the cash flow statement that shows the cash generated or spent relating to investment activities. Investing activities include purchases of physical assets, investments in securities, or the sale of securities or assets.
Some examples of investment activity from the company’s perspective would include:
Cash outflow from the purchase of an asset (land, building, equipment, etc.).
Cash inflow from the sale of an asset.
Cash outflow from the acquisition of another company.
Cash inflow resulting from a merger.
Cash inflow resulting dividends paid on stock owned in another company.
Bobby is the person on the team who receives the lowest customer service ratings. This problem can be solved by using a simple logic of a sentence sequence. In this sequence, Bobby has never outperformed anyone and Hector has outperformed everybody in the statement. Therefore, we can conclude that Bobby has the lowest rating of all.
Answer:
C) Debit Cash $2,750
Credit Accounts Receivable $2,750
Explanation:
When payment is received in respect of services rendered or goods sold in the past periods, the accounting rule is to debit cash or bank as the case may be and credit account receivable for the amount received. This is necessary because in period when transaction took place, revenue has been credited and account receivable debited.
Each tire is worth $134.79 :)
