Answer: B. reduces reported net income of the period but does not involve an outflow of cash for that period.
Explanation:
Depreciation is the wear and tear of an asset due to the use of the asset. When an asset is depreciated, such an asset is eventually sold at a scrap value.
The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation reduces reported net income of the period but does not involve an outflow of cash for that period.
Answer:
The correct answer is B Market penetration
Explanation:
Market penetration strategy is one of the four growth strategies and it involves focusing on selling your existing products or services into your existing markets to gain a higher market share.
Answer:c. Debit Interest Receivable, $4,000; credit Interest Revenue, $4,000.
Explanation:
The interest payable = Principal x Rate x Time (period)
= $100,000 x 12% x 4/12 ( September to December)
$100,000 x 0.12 x 1/3
$100,000 x 0.04
=$4000
Journal entry to record accrued interest at Year end for loan issued on sept 1st.
Date Account titles Debit Credit
Dec 31st Interest Receivable $4000
Interest Revenue $4000
Answer:
$637,000
Explanation:
The computation of the total investment securities reported is shown below:
= ABC Co. bonds amortization cost for year 2015 + DEF Co fair value for year 2015 + GEH Inc fair value for the year 2015 + IJK Inc fair value for the year 2015 + LMN co stock fair value for the year 2015
= $367,500 + $48,000 + $47,000 + $44,000 + $130,500
= $637,000
We simply applied the above formula
ignore the other person, the correct answer is A. code of Federal Regulations (CFR), parts
