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3 years ago

The closing is conducted by the sellers agent

Business

1 answer:

torisob [31]3 years ago

6 0

Answer:

False

Explanation:

As we know that the closing would be conducted by the closing agent not with the seller agent. The closing agent could be the worker or the employer etc

Therefore the given statement is false

Hence, it is not a true statement

So the same is to be relevant

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A corporation is considering expanding operations to meet growing demand. With the capital expansion, the current accounts are e

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Answer:

B) a decrease of $40,000

Explanation:

As we Know Working capital is the the net or current assets and current liabilities.

Increase in Current Assets

Cash $20,000

Accounts receivable $40,000

Inventories <u>$60,000</u>

Total Increase in CA $120,000

Increase in Current Liabilities

Accounts payable $50,000

Accruals $10,000

Long-term debt <u>$100,000</u>

Total Increase in CA $160,000

Increase in Working Capital = Increase in Current Assets - Increase in Current Liabilities

Change in Working Capital = $120,000 - $160,000 = -$40,000

As current Liabilities increased more than the current assets, so the working capital will decrease by $40,000

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3 years ago

Punch Corporation acquired 80% ownership of Jud Corporation in 2017, at underlying book value. On that date, the fair value of n

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Answer:

The amount of consolidated net income that will be assigned to the controlling interest for 2018 is $ 48,000.

Explanation:

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Revenue $ 100,000

COGS ($ 40,000) (50,000 *80%)

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3 years ago

Under the modified accrual basis of accounting used by the General Fund, financial resources are considered available if the rev

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Answer:

D. During the current fiscal period or a reasonable time after year-end defined by each individual government.

Explanation:

Modified accrual basis makes use of the accrual and cash basis of accounting.

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3 years ago

When evaluating the six-step decision-making process, what occurs during the solution implementation step? the process will begi

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The answer is the solution that best solves the problem is selected.

During the solution implementation step you should already have determined which solution you would apply to solve the problem that you encounter. By determining which solution to implement, you are on your way to solving the problem that requires your decision-making. If the solution proves to be unsuitable later on, you can refine it later on.

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3 years ago

Cash flow ________ be negative before debt and equity infusions and ________ be negative after them.

Eddi Din [679]

Cash flow can be negative before debt and equity injections and must not be negative afterward.

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1 year ago