Circular flow is a model of economy in which major exchanges are showed as flow of money, food, goods, services and etc between economic agents. In circular flow, the flows of money and goods exchanges in a closed circuit but runs oppositely. Circular flow analysis is the basis of national accounts.
<span> Recording the accrual of salaries incurred.</span>
Answer:
Please help me, l can not answer it
Explanation:
Answer:
Cash used for financing activities 356,000
Explanation:
extinguish of bonds payable (375,000)
preferred dividends (31,000)
proceeds from TS 50,000
Cash used for financing activities 356,000
The conversion do nt involve cash, so it is not included in the cash flow statement.
The carrying ammount, gain and losses are not relevant for the cash flow statement.
We have to focus in the cash movements only.
