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4 years ago

The purchase of equipment financed by a long-term notes payable is an example of ________.

1 answer:

soldier1979 [14.2K]4 years ago

4 0

A. Non-cash investing and financing activity.

Here, we are using long-term notes, a non-cash activity, in order to purchase equipment to be used in production. This transaction is using non-cash investing in equipment and non-cash financing in order to grow the business. You want to focus on both what is purchased and how it is paid to determine what type of activity it is for the statement of cash flows and other accounting statements.

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On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor busin

Hunter-Best [27]

Answer and Explanation:

The preparation of the lower portion is presented below:

Income from the continuing operation

before income tax $7,800,000

Less: Income tax expenses ($7,800,000 × 25%) (1,950,000)

Income from continuing operation(A) 5,850,000

Discontinued operation:

Loss from operation discontinued components

($15 - $13 - $4.8) ($2,800,000)

Income tax benefits ($2,800,000 × 25%) $700,000

Loss on discontinued operation(B) ($21,000,000)

Net loss (A - B) -$15,150,000

7 0

3 years ago

Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? a. Policymak

Ksenya-84 [330]

Answer: i think the third one maybe... (APEX)

Explanation: this should work

5 0

3 years ago

When comparing absorption costing and variable costing, if units produced are units sold, what is the effect on net operating in

11111nata11111 [884]

Answer:

The Net Operating income will be the same for both methods.

Explanation:

Net Operating income under absorption costing and variable costing methods usually differ because of existence of inventory.

Fixed overheads are deferred in Inventory when using absorption costing. Meaning that a higher income is obtained under absorption costing than variable costing when there is inventory and a lower income under absorption costing than variable costing.

When units produced are units sold, there is no inventory. Therefore, the Net Operating income will be the same for both methods.

8 0

3 years ago

What is the current value of a $1000 Treasury inflation-protected security if the reference CPI is 203.19 and the current CPI is

faust18 [17]

Answer:

the current value fo $1,000 is $1,011.22

Explanation:

The computation of the current value of $1,000 is shown below:

Current value

= Price × (Current CPI ÷ Reference CPI) × 100

= $1,000 × (205.47 ÷ 203.19)

= $1,011.22

We basically applied the above formula so that the current value would come

Hence, the current value fo $1,000 is $1,011.22

8 0

3 years ago

What is it called when work is done for a company by people who live in other countries

Gemiola [76]

Answer:

Offshoring

The answer is offshoring because people do work for companies that are in other countires or states because they are probably a proffesional at what they are doing.

5 0

3 years ago

The purchase of equipment financed by a​ long-term notes payable is an example of​ ________.

The purchase of equipment financed by a long-term notes payable is an example of ________.