Answer:
a) although both methods result in the same net increase or decrease in cash for the year, net cash flow from operating activities will be different under the two methods
Explanation:
Using the indirect method, computation of cash flow from operating activities begins with net income as shown in the income statement. The FASB also permits both methods but has expressed a preference for the direct method and the direct method shows the specific cash inflow and outflows for each operating activities of the business.
This option that does not align with the differences between the 2 methods is that the cash flow reported under direct and indirect method for operating activities would always remain the same notwithstanding the method used.
Yes it is correct the chart is increasing
Answer:
A.
Explanation:
Since not everyone in a given community would be inclined to pay for a public good, everyone could be made to pay for it through tax.
Answer:
debit to supplies and credit to accounts payable.
Explanation:
On accrual accounting when an expense is incurred and revenue is earned it is recorded. The business does not have to give out cash or recieve cash to recognise the revenue or expense.
In this instance Tamarisk Inc recieved supplies worth $520. Although they had not paid cash for it the liability needs to be recorded.
When one buys on account it means product is bought on credit and is payable later.
The entry passed is a debit to supply account (asset account) to recognise increase in supplies, and a credit to accounts payable (liability account) to show an increase in money owed to the supplier.
<span>This is a fairly simple concept. If the government were to tighten up on drug dealers and raise the cost of dealing illegal drugs, the job of drug dealers to distribute their products would be harder. The cost to buy drugs for drug addicts would be more expensive. So, the dollar expenditures for drug addicts would increase as they feed their addiction.</span>
