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3 years ago

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

1 answer:

soldier1979 [14.2K]3 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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Real GDP:

Gre4nikov [31]

Answer:

The correct answer is measures economic activity and income.

Explanation:

Real GDP is the economic measure to determine the total production of goods and services produced by a country at constant prices. This means that this indicator does not take into account price changes over time (inflation), which differs from nominal GDP, which does consider the value of money in a given period of time.

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2 years ago

Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for Feb

Law Incorporation [45]

Answer:

Purchases for February would be: $46,500

Explanation:

Prepare a Purchases Budget to find the Purchases for February.

<u>Purchases Budget for February</u>

Budgeted Cost of Sales $45,000

Add Budgeted Closing Inventory ($45,000 × 30%) $13,500

$58,500

Less Budgeted Opening Inventory ($12,000)

Budgeted Purchases $46,500

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2 years ago

Under the Securities Act of 1933, if damages were incurred and there was a material misstatement or omission in the financial st

dedylja [7]

Answer:

The CPA rebuts the allegations

Explanation:

The Securities Act of 1933 requires that investors receive financial and other significant information regarding any and all securities being sold publicly and prohibits deceit, misrepresentations, and other fraud in the sale of securities. Therefore, since there was material misstatement or omission in the financial statements, the only chance the CPA has is if they rebut the allegations. Meaning that they provide actual evidence, such as physical statements or witnesses that contradict or nullify the evidence that is being presented against them regarding the material misstatement or omission

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2 years ago

Calcular el valor futuro de $2,500 que se ahorran al final de cada mes por un periodo de 4 años con una tasa de interés del 9% a

amm1812

Answer:

VF= $143.801,78

Explanation:

Dada la siguiente información:

Deposito mensual (A)= $2.500

Cantidad de periodos (n)= 4*12= 48 meses

Interes mensual (i)= 0,09/12= 0,0075

<u>Para calcular el valor futuro (VF), debemos usar la siguiente formula:</u>

VF= {A*[(1+i)^n-1]}/i

VF= {2.500*[(1,0075^48) - 1]} / 0,0075

VF= $143.801,78

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2 years ago

Pierre was served with a summons indicating that he had thirty days to respond

irinina [24]

Answer: Answer

Explanation: just took quiz quiz on edge

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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 ________.