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luda_lava [24]
3 years ago
14

The direct method of reporting operating cash flows: ________

Business
1 answer:
nalin [4]3 years ago
7 0

Answer:

e. Is not recommended by the FASB, but is commonly used.

Explanation:

A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.

The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;

1. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments etc.

2. Cash-flow from financing activities: it represents the cash flow from debt or equity. Typically, it's the costs used in a financing a business.

3. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods etc.

Generally, the statement of cash flows provides financial information about an organization's operating profitability and how it use its operating cash flow.

Financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining financial accounting and reporting standards for general guidance of individuals or capital providers such as investors, issuers and auditors.

In Financial accounting, the direct method of reporting operating cash flows uses actual cash inflows and outflows from the operating activities of a company by generating data from the income statement (cash receipts and cash disbursements/payments).

However, the direct method of reporting operating cash flows is not recommended by the FASB, but it's commonly used.

This ultimately implies that, it's a recommended accounting method, but it's not an accounting standard required by the financial accounting standards board (FASB).

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The process of approving the Constitution is best described as
nordsb [41]

The process of approving the Constitution is best described as Difficult

<h3>Further explanation </h3>

A constitution is fundamental principles set according to the nation or a state or an organization is acknowledged to be governed. Ratification is the process of approving the constitution . It is a principal's approval of an act of its agent that lacked the authority to bind the principal legally and it is where the constitution of a state is taken over the legislature for consideration through specially elected state conventions of the people

The process of ratification initiated by the congress It was happened by putting the constitution to the state legislatures for consideration through the use of the specially elected for the state of convection of the people. The process is involved a five-state convection, which voted to approve the constitution immediately.

The process of approving the constitution is best described as  difficult because the ones who came up with the constitution realizes that only in exceptional circumstances should it need to be amended. The constitution is best described as difficult because it will only open the doors for more repression by government

<h3>Learn more</h3>
  1. Learn more about ratification brainly.com/question/3281819

<h3>Answer details</h3>

Grade:  9

Subject:  

Chapter: ratification

Keywords:  ratification

7 0
3 years ago
Read 2 more answers
Can anyone please write a summery or a paragraph of life of a homless teen memoir in the Great depression please?
uysha [10]

eso

depen de si el adolecente  ses   amensado

7 0
3 years ago
g, Using your textbook and considering your discussion of the corporate culture of your subject company, describe 3-4 types of c
Umnica [9.8K]

Answer:

Nestle - Irresponsible marketing of baby milk

Amazon - Avoiding tax

Coca Cola - Workers right violation at plant

Shell - Causing high environmental pollution

Explanation:

There are various ethical issues which businesses face today. There are problems of nepotism, harassment, discrimination, abuse of power and misrepresentation of financials. The company bad corporate culture also contributes towards unethical issues. There are various companies which maintains a brand image around the globe but are involved in unethical practices in someway. These companies are only concerned towards their uncountable profits and does not care about any ethical issue.

5 0
3 years ago
During the current year, Brewer Company acquired all of the outstanding common stock of miller Inc. paying $12,000,000 cash. The
Lesechka [4]

Answer:

See the explanation below:

Explanation:

The merged details are first sorted as follows:

Details                                        Book Value ($)            Fair Value ($)

Accounts receivable                     1,800,000                   1,625,000

Inventories                                     2,700,000                  4,000,000

Property Plant and Equipment     9,000,000                 11,625,000

Accounts payable                          3,000,000                 3,000,000

Bonds payable                               4,500,000                  4,125,000

The calculation will now be done using the fair value as follows:

Total fair value of assets = $1,625,000 + 4,000,000 + 11,625,000 = $17,250,000

Total fair value of liabilities = $3,000,000 + 4,125,000 = $7,125,000

Fair Value of Miller Inc. Equity = $17,250,000 - $7,125,000 = $10,125,000

Goodwill from the acquisition = $12,000,000 - $10,125,000 = $1,875,000

The journal entries will look as follows:

<u>Details                                          Dr ($)                      Cr ($)          </u>

Goodwill                                   1,875,000

Miller Inc. Equity acquired      10,125,000

Cash                                                                         12,000,000

<u>To record the acquisition Miller Inc.                                                 </u>

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3 years ago
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Answer:

People can be marginalised due to multiple factors, like gender, geography, ethnicity, religion, displacement, conflict or disability. Poverty is both a consequence and a cause of being marginalised.

For example you can take adivasis

Adivasis are becoming increasingly marginalised because they are losing their lands and access to the forests. Due to these things they lose their main sources of livelihood and food.

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