In accounting, the long-term liabilities<span> are shown on the right wing of the balance-sheet representing the sources of funds, which are generally bounded in form of capital assets. Examples of </span>long-term liabilities<span> are debentures, mortgage loans and other bank loans.
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Answer:
$50
Explanation:
Fortune Company
Paid-in capital,Treasury stock:
May1 $ 0
July 1: $2/share *50 shares 100
August 1:$1/share*50 shares (50)
Balance August 2 $ 50
Therefore the balance in the Paid-in Capital, Treasury Stock account on August 2 will be $50
Answer:
$80,000
Explanation:
Sienna owned $200,000 worth of real estate at her death
This real estate was titled with her sister in joint tenancy with the right of ownership
Sienna contributed $50,000 to the total cost of the property
Her sister contributed the remaining $75,000
The first step is to determine the portion contributed by Sienna
= $50,000/$50,000+$75,000
= $50,000/$125,000
= 0.4×100
= 40%
Therefore, the amount that should be included in Sienna's gross estate can be calculated as follows
= 40/100 × $200,000
= 0.4 × $200,000
= $80,000
Hence the amount that should be included in Sienna's gross estate is $80,000
Answer:
a. cash receipts from sales activities
Explanation:
Cash flows from operating activities can be regarded as a section of a cash flow statement of a company which gives explanation about the sources as well as the uses of cash as regards ongoing regular business activities in particular period. These could typically encompass net income from the income statement as well as changes in working capital and adjustments to net income. It can be regarded as the first section which is depicted on a cash flow statement of a company. It should be noted that On the statement of cash flows, the cash flows from operating activities section would include a cash receipts from sales activities.