Answer:
$5,000
Explanation:
The computation of the amount that should be reported for net financing cash flows is shown below:
Cash flows from financing activities
Receipt from the bank for long-term borrowing $6,000
Less: dividend paid -$1,000
Net cash flows from financing activities $5,000
The positive amount represents the cash inflow and the negative amount represent the cash outflow and the same is to be considered
Answer:
$360,644
Explanation:
The computation of the amount paid for an investment is as follows:
= Payment made × ((1 - (1 + rate of interest)^-number of years) ÷ rate of interest
= $49,000 × ((1 - (1 + 0.06)^-10) ÷ 0.06)
=$360,644
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Hence, the amount paid for an investment is $360,644
Someone who is not paid for performing duties is a gratuitous agent, it´s a person who does not receive any compensation for their services no matter how hard it is or how much time they invest. Services to clients free of charge, for example, a lawyer who does not charge for providing their professional services, they are liable if they commit gross negligence, but not ordinary negligence.
Answer:
July 15
Explanation:
Accrual accounting recognizes income on the date an invoice is created not when it is paid.
Cash accounting recognizes income on the date when the payment is received.