1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Firlakuza [10]
3 years ago
12

Which of the following statements is correct regarding preparation of the statement of cash flows? a. Amounts reported in the in

come statement are the same as the cash effects of the items reported. b. There can be no cash inflow or cash outflow without a corresponding change in a noncash account. c. When the sale of an asset results in a gain, the gain will equal the cash flow reported in the investing section of the statement of cash flows. d. All of the choices are correct.
Business
1 answer:
Natasha_Volkova [10]3 years ago
6 0

Answer:

b. There can be no cash inflow or cash outflow without a corresponding change in a non-cash account.

Explanation:

There is only one cash account and no other account, if there is an inflow, there will be some non cash account related as for example, cash received from customers as is non cash account, accounts receivables.

Also in case of cash outflow, there will be some non cash account responsible for such transactions. As for example, payment for acquiring land, land is fixed asset which is a non cash account.

All other statements are incorrect.

You might be interested in
A person's debt-to-income ratio describes:
Yanka [14]

Answer:

O D. how much the person has borrowed compared to how much he or

she earns

Explanation:

Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income. This number is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow. ... If your gross monthly income is $6,000, then your debt-to-income ratio is 33 percent.

8 0
3 years ago
Read 2 more answers
If a just-in-time purchasing policy is successful in reducing the total inventory costs of a manufacturing company, which of the
gulaghasi [49]

Answer:

Stock out costs increase

Carrying costs decrease

Explanation:

Just in time (JIT) decreases total inventory and increases the number of deliveries made by the company's vendors.

Since the company is going to hold fewer materials and components, then the risk of an stock out increases, resulting in higher stock out costs.

The total inventory will decrease, therefore, the carrying costs will also decrease.

4 0
3 years ago
Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dolla
Sphinxa [80]

Answer: 2.0143

Explanation:

From the question, we are informed that the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.70 euro.

The cross rate of Swiss francs to euros will be the exchange rate between U.S. dollars and Swiss francs which is SF 1.41 = $1.00 multiplied by the exchange rate between the U.S. dollar and the euro which is $1.00 = 0.70 euro. This will now be:

= (1.41/1.00) × (1.00/0.70)

= 1.41 × 1.4285714286

= 2.0143

The cross rate of Swiss francs to euros is SF 2.0143 = 1 euro

6 0
3 years ago
How much money does the founder of Google make a year?
ElenaW [278]
There are actually two makers, and they both agreed to a one dollar salary a year.
8 0
3 years ago
What where your experiences working at past and present jobs
zvonat [6]
Technology change many of our jobs for example now they have all these gadgets at do things for us
5 0
3 years ago
Other questions:
  • The national-level advisors of CTSOs advocate the values that CTE programs instill to .
    14·2 answers
  • It is important to shop around for credit because banks and financial institutions?
    14·2 answers
  • As a junior congress person you have been asked to help promote a bill to allow casino gambling in your state. There is much opp
    7·1 answer
  • Chipotle’s "Food with Integrity" program outlines the company’s commitment to using only quality ingredients and respecting the
    12·1 answer
  • What is the "public report" given by a scout about a potential nesting site upon her return to the bivouac?
    9·1 answer
  • Investment in human capital has opportunity costs, but investment in physical capital does not. a. TRUE b. FALSE
    10·1 answer
  • ____________________ testing can include employees conducting self-assessments after an exercise by completing feedback surveys
    14·1 answer
  • Buying a treasury bill (T-Bill) is best for investors who are looking for what?
    6·1 answer
  • A share of common just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors'
    13·1 answer
  • Give any two examples of leakages​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!