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marishachu [46]
3 years ago
6

Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this

activity will be reported under cash flows from _____ activities.
Business
1 answer:
natima [27]3 years ago
6 0

Answer:

Cash flow from financing activities

Explanation:

There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.

Cash flow statement shows the sources of cash coming into and going out of an organisation.

The major sources are operations, financing, and investing activities.

Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.

In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.

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Which of the following statements is NOT true? Group of answer choices Intelligent investors must be concerned about future afte
umka2103 [35]

Corporate dividends are always paid in cash is not true among the given statements.

<u>Explanation:</u>                                                                      

Corporates dividends are not always paid in cash sometimes they are paid in merchandise or as other assets. Dividends are earnings which corporations distribute to its stockholders and they are charge against the profit which the corporation generated over the specified period.

They are charged on the stock which is owned by all the shareholders/stockholders or other investors. The period which dividends are paid differs from one corporation to another. Some companies pay annually while others opt for quarterly payments or pay after 3 months.

7 0
3 years ago
If markets are in equilibrium, which of the following conditions will exist? A. Each stock's expected return should equal its re
xxMikexx [17]

Answer:

<u>A</u>

<u>Explanation</u>:

Remember, in economics the term equilibrium implies that this terms

  • price and,
  • quantity demanded

<u>are all equal or in a state of stability.</u>

Therefore, the stock in such an equilibrium market would yield it expected returns since there are no external factors such as increase in price that could affect the value.

8 0
3 years ago
Peking Palace Company reported the following: Standard quantity per unit 3 lbs. Standard price per pound $2.75 Actual pounds use
SCORPION-xisa [38]

Answer:

$577.5 favorable

Explanation:

Data provided in the question:

Standard quantity per unit 3 lbs

Standard price per pound = $2.75

Actual pounds used = 15,000 lbs

Actual price per pound = $2.90

Number of units produced = 5,070

Now,

The direct materials quantity variance is given as;

= | ( Actual quantity - Standard quantity ) | × Standard price

= ( 15,000 lbs - {Standard quantity per unit × units produced}) × $2.75

=  ( 15,000 lbs - { 3 × 5,070}) × $2.75

= | ( 15,000 lbs - 15,210 ) | × $2.75

= $577.5

Since,

Standard quantity is higher than the actual quantity

thus,

$577.5 favorable

7 0
3 years ago
Pina Colada Furniture factors $670000 of receivables to Sheffield Factors, Inc. Sheffield Factors assesses a 2% service charge o
Reika [66]

Answer and Explanation:

The journal entry is shown below;

Cash $656,600

Factoring charges (2% of $670,000)  $13,400

            To Trade Receivables $670,000

(Being recording these receivables)

Here cash and factory charges is debited as it increased the assets and expense while the trade receivable is credited as decreased the assets

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3 years ago
Loretta went to a store to buy thermal underwear. The underwear had been featured in an advertisement for $24.99 a pair. She was
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Answer:

are there no answer choses maybe stress problem solving

Explanation:

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