Answer:
Depreciation
non-cash charges
interest on loan
taxes
Explanation:
This is according standard proforma for preparing cash flow statement,interest and taxes are later brought back into the computation for instance interest relates to financing activities while actual tax paid is deducted before arriving at cash generated from operations
Options:
Yes, Joe is an agent who has that authority.
No, Joe is an employee, but the employee does not have that authority.It depends whether Joe signed a written contract for his employment.
Yes, Joe is an employee.
No, not unless he possesses authority from the principal because Joe is an independent contractor.
Answer:No, not unless he possesses authority from the principal because Joe is an independent contractor
Explanation: An independent contractor is a third party engaged by a principal to transact certain specific jobs or accomplish a certain task on his behalf. An independent contractor does not have any power or authority to represent his or her principal especially when he or she is not authorized to do that on behalf of the principal.
JOE DOESN'T HAVE THE POWER OR AUTHORITY TO ENTER INTO ANY CONTRACT OR AGREEMENT WITH ANOTHER ENTITY FOR HIS PRINCIPAL EXCEPT WHEN GIVEN THE AUTHORITY TO DO SO.
Answer:
Direct.
Explanation:
No intermediaries are used to provide goods and services to customers
. Typically seller is the manufacturer or an individual.
Answer: $5,000
Explanation:
Going by the Accrual principle in accounting, revenue is only to be recognized when earned. This means that revenue from services performed in October and revenue from services to be performed in December, will not be part of revenue reported in November.
Revenue to be recorded in November income statement = Billed $3,950 to customers for services performed on account in November + Received $1,050 cash for services performed during November
= 3,950 + 1,050
= $5,000
