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katrin2010 [14]
3 years ago
8

A local government's basic financial statements would include a statement of cash flows for all________

Business
1 answer:
german3 years ago
7 0

Answer:

A

Explanation:

fund types proprietary

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Technique Co. has equipment with a carrying amount of $1,600,000. The expected future net cash flows from the equipment are $1,6
Vesnalui [34]

Answer:

correct option is a. No impairment should be reported

Explanation:

given data

carrying amount = $1,600,000

net cash flows = $1,630,000

fair value = $1,360,000

to find out

amount report as an impairment to its equipment

solution

we know that here impairment loss is carrying amount - higher of fair market value and value in use    ..................1

here recoverable value is = $1630000

so

impairment loss is = $1600000 - $1630000

impairment loss  = - $30000

here loss is negative

so that correct option is a. No impairment should be reported

6 0
3 years ago
Roger works as a sales manager for Hi-Tech Solutions, a company that performs software consulting services. While working for Hi
son4ous [18]

Answer:

B, disgorgement

Explanation:

Funds that were received through illegal or unethical business transactions are disgorged, or paid back off.

6 0
3 years ago
Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to
Semenov [28]

Answer:

O+ a. Increase in accounts payable

F- b. Payment of dividends

O- c. Decrease in accrued liabilities

F+ d. Issuance of common stock

O- e. Gain on sale of building

O+ f. Loss on sale of land

O+ g. Depreciation expense

O- h. Increase in merchandise inventory

O+ i. Decrease in accounts receivable

I- j. Purchase of equipment

Explanation:

The requirement of the question is to indicate whether each of the items is an addition to addition to net income (O+) or subtraction (O-) under operating activities section, investing activity (cash inflow I+), (cash outflow I-),financing activity (cash inflow F+), (cash outflow F-) and activity not used to prepare the cash flows.

All the signs above are correct.

5 0
3 years ago
Employees at Fratelli Inc. are encouraged to participate in decision making. Organizational control is based on group norms and
BARSIC [14]

Answer:

Letter a is correct. <u><em>Descentralized control</em></u>.

Explanation:

A company that has decentralized control has a more flexible hierarchy, where all employees are motivated to contribute ideas and opinions and participate in the decision making process. Decentralized management is common in large companies, such as Google and Dell, which ensures greater autonomy and freedom of action for employees.

The biggest benefits seen by decentralization are the flexibility to adapt to market changes, the speed of decision making that prevents opportunity costs, and the sense of motivation and value creation between employee and organization.

6 0
3 years ago
Ana, a project manager, has been asked to estimate the cost of the project. She wants that cost estimate for the project to be a
satela [25.4K]

Answer:

v

Explanation:

3 0
3 years ago
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