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Vilka [71]
3 years ago
10

All of the following statements related to reporting cash flows from investing and financing activities are true except Multiple

Choice O Reporting of financing activities is the same under the direct method and indirect method O Changes in noncurrent liability accounts and equity accounts are analyzed to determine cash flows from financing activities Changes in noncurrent counts, current notes receivable, and current investments are analyzed to determine cash Nows from investing actives The direct method applies accrual accounting while the Indirect method applies cash basis accounting O Reporting of investing activities is the same under the direct method and indirect method
Business
1 answer:
mixas84 [53]3 years ago
5 0

Answer:

All the statements are true except the following statements:

1. The direct method applies accrual accounting while the Indirect method applies cash basis accounting

Its incorrect because both direct method and indirect method give the same answer which is cash in nature. So this means that neither of the method uses accrual basis. Both methods calculates the cash that the company possesses from their operating activities. It is also wrong because the direct method uses all the cash transaction into account whereas the indirect method uses (not applies) the accrual entries to eliminate the non cash items from the profit.

Remember: The financing activities and investing activities reporting remains the same because the only difference is in the Cash flows from Operating activities reporting (Though the answer of  Cash flows from Operating activities remains the same either we use Direct Method or Indirect Method)

Also note that Direct Method and Indirect Method is only used for operating activities.

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Answer:

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Explanation:

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4 0
3 years ago
When conducting a swot analysis, budgets, ratios, and sales reports can be used to identify:?
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5 0
3 years ago
Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
Troyanec [42]

Answer and Explanation:

Given:

                                 Product 1      Product 2         Product 3

Cost of product         $20                 $90                 $50

Selling price              $40                 $120                $70

Selling cost                $6                    $40                 $10

Computation:

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Product Cost                         $20                 $90                 $50

N.R.V                              ($40-$6)=$34  ($120-$40)=$80  ($70-$10)=$60

Per Unit Inventory Value      $20                 $90                 $50

4 0
3 years ago
Because advertising is the most visible form of marketing ________. Group of answer choices many people think of marketing and a
NARA [144]

Answer:

many people think of marketing and advertising as synonymous.

Explanation:

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Hence, because advertising is the most visible form of marketing to everybody, many people think of marketing and advertising as being synonymous or the same.

6 0
3 years ago
Facing stiff competition in the e-reader market, Sumac Industries wants to protect its competitive advantage by increasing the p
azamat

Answer:Highlight celebrities who use Sumac e-readers.

Explanation:

According to the question, due to tough competition in market regarding the e-reading product , Sumac industries wants that they can have superior position in e-reader market than other e-reader business organizations.Thus,they want a secure position for their company.

A good strategy for maintaining their position can be done through putting spot-light on the celebrity users of Sumac e-reader.This will be highlighted among celebrity fans or followers and general customers. It will promote or inspire people to purchase Sumac e-reader more as celebrities are using their product.

6 0
3 years ago
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