Answer:
c. $59,000
Explanation:
The cash flow statements shows the effect of the company's activities on cash. These activities are classed into operating, investing and financing activities.
When an asset is sold, the amount received from the sale is an inflow of cash to the company. This inflow is recognized in the investing segment of the cas flow statement.
Hence, the amount that should be reported as a source of cash under cash flows from investing activities is $59,000.
The cost of goods sold is considered to be an expense account. It is because an expense account are the sum of money that is used or spent in a business which are being done by the employees who has the ability to take control of the money that should be spent. For the cost of good sold is where the costs are included in which is being used for producing goods that will be of the betterment of the business. They are related for both used to spent in the production of good quality of the business.
Answer: amount of checks outstanding at the end of the period.
Explanation:
Accounting uses the accrual based system which means that revenue and costs are only recognized when they occur. This means that a company might get revenue in a period but would not have the actual cash in that period to represent that revenue.
The statement of cash flows is created to see the actual amount of cash that a company has instead of revenue or expenses based on the accrual basis of accounting.
That being said, it only includes cash based transactions and will not include checks outstanding at the end of the month.
Answer:
the number of units started and completed in June is 24,900 units
Explanation:
The computation of the number of units started and completed in June is shown below;
= Opening work in process inventory + transferred units - ending work in process units
= 12,300 units + 16,900 units - 4,300 units
= 24,900 units
hence, the number of units started and completed in June is 24,900 units
Answer:
The correct answer is option E.
Explanation:
Technological change implies a change in the level of technology. It can be both positive as well as negative. Positive technological change is called improvement or up-gradation in technology.
Technological improvement will help to produce the same level of output using fewer inputs or to produce more output using the same inputs.
A negative change in technology is called degradation in technology. It will cause a decline in the quantity of output that can be produced from a given quantity of inputs.