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vekshin1
3 years ago
11

What is the primary purpose of the Statement of Cash Flows?

Business
1 answer:
goldfiish [28.3K]3 years ago
4 0
The primary purpose of the Statement of Cash Flows is d) to provide information about a firm's cash inflows (receipts) and outflows (payments).
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On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month.
Bas_tet [7]

Answer:

Explanation:

Had to use excel for this solution in order to make everything so clear and explanatory. check the picture attached below.  

7 0
3 years ago
Dilution solutions, inc. repurchased 500 shares of its $2 par value common stock for $10,000. the effect of this transaction on
mr Goodwill [35]

$10,000 increase in Treasury Stock is the effect of this transaction.

<h3>What is cost method?</h3>

The cost method exists as a method of accounting. It is utilized for recording precise investments in a company's financial statements. This particular method lives used when an investor has little or no effect over the investment that they own.

The cost method of accounting is used for recording particular investments in a company's financial statements. This method is used when the investor exercises little or no influence over the acquisition that it owns, which exists typically represented as owning less than 20% of the company.

Treasury stock stands also known referred to as treasury shares and it happens when stock stands bought by the issuing company back from the stockholders.

This results in a reduction in the whole number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will get about a $10,000 gain in the treasury stock.

To learn more about cost method refer to:

brainly.com/question/28149037

#SPJ4

3 0
2 years ago
At a total cost of $20, the number of trips is 190,000. if you use an estimate of the elasticity equal to 2, how many trips will
LekaFEV [45]
<span>An elasticity of 2 means that a 1% increase in price will cause a 2% decrease in demand.
 Change in price in % = (20 - 16) / 20 * 100 = 4/20 * 100 = 20%. So there's a 20% decrease in price (from $20 to $16)
 A 20% decrease in price will result in a 40% increase in demand since elasticity equals 2.
 So 40/ 100 * 190, 000 = 76, 000
 Hence since there's an increase in demand the people will make 190, 000 + 76, 000 = 266, 000</span>
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3 years ago
I need frends anyone want to be my frend :[
Andrei [34K]

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Sure!!

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2 years ago
Joint stock companies were organizations meant to establish colonies in the americas by people from
Alex17521 [72]

Answer:

Britain

Explanation:

Once they landed in America, the British set up a joint stock company, which was the start of what we now recognize as a corporation These stocks were marketed to investors with the thought of getting some cash, which created minimal-risk capital.Citizens embraced the idea as there was minimal risk and significant benefit. It really is accurate, therefore, that joint stock companies were organisations planned by the British to create colonies in America.

7 0
3 years ago
Read 2 more answers
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