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rosijanka [135]
3 years ago
12

Which one of the following items is not generally used in preparing a statement of cash flows? Group of answer choices Adjusted

trial balance Comparative balance sheets Current income statement Additional information
Business
1 answer:
Katena32 [7]3 years ago
5 0

Answer:

Adjusted trial balance

Explanation:

In financial accounting, statement of cash flow can be regarded as a financial statement which give details of how changes that occur in balance sheet accounts as well as income have effect on cash as well as cash equivalents, it also helps in breaking down of analysis to operating as well as investing and other financing activities.

It should be noted that the following items are generally used in preparing a statement of cash flows;

✓Comparative balance sheets

✓Current income statement

✓Additional information

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(1) You go to Greater's Ice Cream and see the price of a cone quoted as $3.00. (2) You buy the cone and pay with $3.00 in cash.
Nutka1998 [239]

Answer:

The answer is E. a unit of account; a medium of exchange

Explanation:

Because they allows different things to be compared against each other; for example, goods, services, assets, liabilities, labour income, expenses.

A unit of account is a monetary unit of measurement of value or cost.

And the second is a medium of exchange because $3 is being used to buy cone. It exchanged money for cone.

4 0
3 years ago
What are two key elements in deciding how to collect data for marketing research?
aleksandrvk [35]

The answer is:

(1) setting the research objectives

(2) identifying possible marketing actions

What is marketing research?

  • Market research is the method of deciding the reasonability of a modern benefit or item through research conducted straightforwardly with potential clients.
  • Market research permits a company to find the target advertise and get conclusions and other criticism from consumers about their intrigued within the item or service.
  • This sort of research can be conducted in-house, by the company itself, or by a third-party company that specializes in advertise inquire about.
  • It can be done through overviews, item testing, and center bunches.
  • Test subjects are as a rule compensated with item tests or paid a small stipend for their time.
  • Market inquire about could be a basic component within the inquire about and improvement (R&D) of a modern item or service.

To know more about the marketing research visit:

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7 0
1 year ago
An emergency fund should NOT be used for...
nadya68 [22]

Answer:

An emergency fund should not be used for buying things you wan't, but an emergency fund should be used for buying the nessecities like things you need

Explanation:

Hope this helps!!! ✌

(if this did not help, please let me know)

5 0
3 years ago
July 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated J
kramer

Answer:

Journal Entries are as below

Directive or Autocratic Decision Making:

Managers who embed such style assess few alternatives and consider limited information while taking any decision. They are intuitive and impulsive, do not find it important to consult with others or seek information in any form and use their cognitive process and idea while taking decisions.

BLINK COMPANY    

JOURNAL    

PERPETUAL INVETORY SYSTEM [AMOUNT IN $]    

   

DATE PARTICULARS     INVOICE DATE DR. CR.

Jul-01 PURCHASE A/C     Jul-01  6,000  

1/15,N/30  PAYABLE A/C {BODEN CO.}      6,000

Jul-02 A/C RECIEVABLE {CREEK CO.}   Jul-02  900  

                                      SALES      900

2/10,N/60    

COST OF GOODS SOLD      500  

   INVENTORY        500

Jul-03 CARRIAGE INWARDS A/C   Jul-01  125  

                                       CASH A/C      125

Jul-08 CASH A/C       1,700  

                                        SALES A/C     1,700

COST OF GOODS SOLD      1,300  

                                        INVENTORY     1,300

Jul-09 PURCHASE A/C     Jul-09  2,200  

                                        PAYABLE A/C {LEIGHT CO.}   2,200

2/15,N/60    

Jul-11 PAYABLE A/C {LEIGHT CO.}   Jul-09  200  

                                         INVENTORY     200

Jul-12 BANK A/C     Jul-02  882  

DISCOUNT ALLOWED      18  

                                          A/C RECIEVABLE {CREEK CO.}   900

Jul-16 PAYABLE A/C {BODEN CO.}   Jul-01  6,000  

                                           BANK A/C     5,940

                                           DISCOUNT RECEIVED    60

Jul-19 A/C REVIEVABLE {ART CO.}     1,200  

                                            SALES      1,200

2/15,N/60    

COST OF GOODS SOLD      800  

                                             INVENTORY     800

Jul-21 SALES RETURN A/C    Jul-19  200  

                                             A/C RECIEVABLE {ART CO.}   200

INVENTORY       134  

                                             COST OF GOOD SOLD    134

Jul-24 PAYABLE A/C {LEIGHT CO.}     2,000  

                                              BANK A/C      1,960

                                              DISCOUNT RICEIVED    40

Jul-30 BANK A/C     Jul-19  980  

DISCOUNT ALLOWED      20  

                                               A/C RECIEVABLE {ART CO.}   1,000

Jul-31 A/C RECIEVABLE {CREEK CO.}   Jul-31  7,000  

                                                SALES     7,000

2/16,N/60    

COST OF GOODS SOLD      4,800  

                                                 INVENTORY     4,800

Download xlsx
3 0
3 years ago
These expenditures were incurred by Carla Vista Co. in purchasing land: cash price $61,440, accrued taxes $4,720, attorney’s fee
ludmilkaskok [199]

Answer:

Cost of land = $76,240

Explanation:

Cost of land = cash price + accrued taxes + attorney's fees + broker's commission + clearing and grading

Cost of land = $61,440 + $4,720 + $2,660 + $3,360 + $4,060

Cost of land = $76,240

  • Original cost is the total price associated with the purchase of an asset.
  • The original cost of an asset takes into consideration all of the items that can be attributed to its purchase and to putting the asset to use.
  • These costs include the purchase price and such factors as commissions, transportation, appraisals, warranties and installation and testing.
  • Original cost can be used to value an asset type, including equipment, real estate and security instruments.
3 0
4 years ago
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