<span>A higher interest rate and/or a higher balance will result in higher interest earned.</span>
Oh man this is a tough one.... i love u!
When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to:
B.) each individual creditor and a credit to cash.
When you liquidate a partnership, liabilities must be paid off before partner's investments can be returned to them. In this way, all creditors will be satisfied even if the partner's capital experienced a loss.
Answer:The answer is a
Explanation: did the assignment
Answer:
Net cash flow as at the year end= $22,100
Explanation:
The statement of cash flows for Moore shall be calculated as follows:
Cash balance as at January 1, 2018= $54,000
Cash inflow from operating activities= $35,600
Cash outflow from investing activities= ($43,000)
Cash outflow from financing activities= ($24,500)
Net cash flow as at the year end= $22,100
