I think more varied if you added additional mutual funds you would have a more diverse portfolio.
Answer:
d. The gain of $5,000 is deducted in the operating activities section of the statement of cash flows.
Explanation:
Printing machine is fixed Asset and gain on sale of fixed assets are deducted in operating activities before changes in working capital as it is non operating income and these are deducted from the figure of net profit which is shown in operating activities.
I think we should use macroeconomic analysis to analyze it.
Macroeconomic analysis is used to analyze the policies that affect the economy on nation-wide level.
The tax rate that imposed by the government will definitely affect the total Gross Domestic Product for diamonds and affect the nation's economic scale.
Answer:
See below
Explanation:
Recording the entire cost as expense would have understated retained earnings by $2,650,000
Annual depreciation on machine = ( Purchase cost - Residual value ) / Useful life
= ($2,650,000 - $165,000) / 9
= $2,485,000 / 9
= $276,111.11
Depreciation would have been recorded for $552,222 for 2 years had the machinery been corrected recorded I.e $276,111 × 2 = $552,222
Therefore , the cumulative effect of this error on the income statement of Sheridan for the year ended, 31 December 2021 would have shown
= $2,650,000 - $552,222
= $2,097,779
