Answer: B. Increase total liabilities.
For EG you have a Note payable in 2 years from now and you have to pay interest every June. If the Note started in January, you will accrue interest every month from January to June until you pay it, so accrued interest is when interest is accumulating before the payment date, so when interest is accrued, the liability interest payable is increasing as you will have to pay it at a later day and thus the accrual of interest increases total liabilities.
Explanation:
Answer:
when you do a one time payment you only pay once. When you set up a reaccuring payment you will pay mulitpul times.
Explanation:
Answer:
Find explanations below:
Explanation:
It must be understood that cash flow does not necessarily imply profit or loss.
A company may have been experiencing positive cash flows due selling mostly on a cash basis, whereas the price charged is lower than cost of per unit,hence it would have high amount of cash, whereas the bottom-line is nothing to write home about.
The cash paid on retirement which is $411,000 would impact financing activities as an outflow.
The $3000 unamortized discount would be deducted from net income
Answer:
Spending variance will be equal to -729
Explanation:
We have given wages and salary is $2060 per month plus $442 per birth
We have given total number of birth = 117
So standard cost = $2060+117×$442 = $53774
Actual wages and salary for the month is = $54500
We have to find the spending variance
Spending variance is given by
Spending variance = Standard cost - actual cost = $53774 - $54500 = -729
So spending variance will be equal to -729
