Answer:
Inventory $200,000
Cash $50,000
Notes payable $150,000
Explanation:
Data provided in the question:
Cost of the inventory purchased = $200,000
Amount paid in cash = one-fourth
= one-fourth of $200,000
= $50,000
For the remaining balance signed a note i.e = $200,000 - $50,000
= $150,000
Now,
This transaction will be recorded as:
Inventory $200,000
Cash $50,000
Notes payable $150,000
Answer:
d. All of the above are true
Explanation:
According to my research on the GASB's definition of the financial reporting entity, I can say that based on the information provided by the GASB website, all of the above statements provided are true. They can consists of many components such as joint ventures or jointly governed organizations, governments can be general purpose governments or special-purpose governments, and Blending is used.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer: $70,000
Explanation:
Accounts Receivable at the beginning of the year amounted to $16,000
During the year, $64,000 of credit sales were made to customers.
ending balance in Accounts Receivable amounted to $10,000, and uncollectible accounts expense amounted to $4,000,
The Amount to appear in the operating activities section of the cash flow statement is
$16,000+$64,000-$10,000= $70,000
The value of any money is determined by supplys and demands and the supplys and demands for other goods in the economy
