Usually, checks<span> that are more than six months old are considered "stale dated." Please also keep in mind that some business </span>checks<span> (such as payroll </span>checks<span>, government </span>checks<span>, etc.) have a specific </span>expiration<span> date listed on the </span>check<span>, which limits or extends the time period when the </span>checks can<span> be </span>cashed<span> or deposited.</span>
Answer:
The Option B is correct.
Explanation:
The International Financial Reporting Standards gives two option to report the finance costs in the statement of cash flow. The first option the firm has is that the finance cost must be reported in the operating activities because these interest cost arise because firm borrows money to finance its operations. The other option is the firm has option to include it in the financing section of the statement of cash flows because it might had invested in stocks which must be deducted from the financing activities.
Whatever the option firm choses must relate to the facts and must increase the truth and fairnes of the statement and it must also applied consistently in future as well. US GAAP says that the finance cost must be deducted from the operating activities in the statement of cash flows.
Answer:
d. Microsoft's return on revenue was higher than that of Apple
Explanation:
Provided information
Revenues = $100
Microsoft profit = $21.5
Apple earned = $20.6
By using the above information, we can easily compute the return on revenues.
As we can see that Microsoft has earned more profit i.e $21.5 then Apple i.e $20.6 which reflects that Microsoft has higher return on revenue than Apple
Answer:
$4,870.5
Explanation:
Annual Depreciation Expense:
= [(Cost - Salvage Value) × Machine Usage in 2020] ÷ Total Estimated Working Hours
Depreciation Expense for 2020 (for 3 months only - October to December):
= [($115,900 - $13,900) × 1,910] ÷ (10,000) × (3/12)
= ($102,000 × 1,910) ÷ (10,000) × (1/4)
= $19,482 × (1/4)
= $4,870.5
Notes:
Depreciation will be calculated for only 3 months since the asset has been acquired on 1st October 2020.
The agreement stage incorporates four key problem-solving steps. Each is briefly described below:
- Brainstorm as many solutions as possible: in the first step, several possible solutions to a problem are analyzed so that the best optimal solution can be considered.
- Develop an action plan: in this stage, a comprehensive plan is developed in which tasks are assigned to respective individuals with the resources to be used and the required amount of time to complete the tasks.
- Implement the action plan: this is the execution phase where the actual implementation of tasks is performed based on the requirements mentioned in the action plan.
- Evaluate outcomes and the process: this is the last step in which generated results and outcomes are evaluated to check if they are implemented as intended.
You can learn more about problem-solving steps at
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