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Murrr4er [49]
3 years ago
10

ABC Corporation reports the following information:

Business
1 answer:
Tpy6a [65]3 years ago
7 0

Answer:

$480,000

Explanation:

Data provided as per the question below:-

Net income = $380,000

Depreciation = $70,000

Decrease in accounts receivable = $30,000

The computation of cash provided by operating activities is shown below:-

= Net income + Depreciation + Decrease in accounts receivable

= $380,000  + $70,000  + $30,000

= $480,000

Therefore we applied the above formula.

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Fiduciary activities are reported only in the fiduciary fund financial statements; they have no effect on the governmental or bu
LuckyWell [14K]

Answer:

The correct answer is True.

Explanation:

Fiduciary assignments that have as their object the realization of investments, the administration of goods or the execution of activities related to the granting of guarantees by third parties to ensure the fulfillment of obligations, the administration or surveillance of the goods on which the guarantees fall and the carrying them out, subject to the restrictions established by law; act as transfer agent and register of securities; act as a representative of bondholders; act as trustee, curator of property or as depositary of sums recorded in any court, by order of judicial authority or by determination of persons who have legal power to designate them for such purpose.

Fiduciary companies may carry out investment trust operations through commercial fiduciary contracts, concluded in accordance with legal formalities, or through fiduciary orders.

Fiduciary activities are not reported in the government-wide financial statements

They may form ordinary common investment funds integrated with monies received from various constituents or adherents for this purpose.

4 0
3 years ago
Universal Containers (UC) has a custom, internal-only, mobile billing application for users who are commonly out of the office.
saw5 [17]

Answer:

A,D

Explanation:

The two solutions that should be recommended when a app is configured as a Connected App in Salesforce. In regards to the nature of this app, UC would prefer to take the suitable or right measures to properly secure access to the app are as follows:

A. The Use Google Authenticator as an added part of the login process.

D. Also Setting Login IP Ranges to the internal network for every of the app users’ Profiles.

A connected app is known as a framework that authorize or allow an external application to merge or blend with Salesforce using APIs and also standard protocols, such as OpenID Connect, SAML, OAuth.

Connected apps make use of these protocols to perform some actions such as authenticate, authorize, and also provide single sign-on (SSO) for external apps.

4 0
3 years ago
Organizational obligations are the same as personal ethical obligations Group of answer choices True False
Airida [17]

Answer:FALSE

Explanation:Organisational obligations are not the same as personal ethical obligations in many ways.

Organisational obligations are obligations which concerns different class and set of persons working together in an organization towards achieving the goals of the organization,organisational obligations are a collection of different personal Ethical obligations which are brought together to achieve the goals of an organization.

Personal ethical obligations are sets of principles, guidelines or norms that guides a person's conduct, it happens on the personal or individual level.

8 0
3 years ago
Jackson Company purchased office equipment costing $3,000 for his business and paid immediately. Record this transaction in the
OLga [1]

Answer:

Explanation:

The accounting equation is shown below:

Total assets = Total liabilities + Shareholder's equity

In the given transaction, the office equipment was purchased for $3,000 and it is paid immediately which means the balance of office equipment is increased and the cash balance is decreased.  

It gives a positive impact on office equipment under fixed assets and a negative impact on the cash balance under the current assets.

8 0
3 years ago
1.6 Harper Travel Agency purchased land for $85,000 cash on December 10, 2015. At December 31, 2015, the land's value has increa
noname [10]

Answer:

$85,000

Explanation:

In the balance sheet, a company records the value of assets at their historical cost. Assets are recorded in the balance sheet at the price that they were acquired.  Even if a company has strong reasons to believe that the value of an asset has increased, It cannot adjust its value in the books.

Harper will record the value of the land at $85,000.  $93,000 represents the fair value of the property. Harper cannot record the fair value in the balance sheet. The fair value is only used when disposing of the property. The only way of verifying the fair value is by selling the property.

4 0
3 years ago
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