1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rosijanka [135]
2 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]2 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

You might be interested in
Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13
spayn [35]

Answer:

$1,069.74

Explanation:

We use the present value formula which is shown in the attachment below:

Data provided in the question

Future value = $1,000

Rate of interest = 12%

NPER = 16 years

PMT = $1,000 × 13% = $130

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the value of the bond is $1,069.74

7 0
3 years ago
Retscan, Inc. has assets of $625,000, liabilities of $385,000, and equity of $240,000. It buys office equipment on credit for $1
brilliants [131]

Answer: a. Assets increase by $125,000 and liabilities increase by $125,000

Explanation:

The Office equipment bought are considered PPE which means they are fixed assets. Their acquisition will increase the assets held by the company by the value of the equipment, $125,000.

The equipment was however, bought on credit. This means that the company still owes the suppliers, payment for it which will see their liabilities increase by the same amount of $125,000.

5 0
3 years ago
Which qualitative characteristic requires that financial information should not influence decision making to achieve a predeterm
lutik1710 [3]

Neutrality is qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result.  The trait of neutrality is frequently referred to as objectivity or freedom from bias. When creating or implementing standards, the relevance and veracity of the information that arises should be the main consideration, not how the new norm may affect a certain interest or user (s).

Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.

#SPJ4

3 0
1 year ago
Explain why the marginal revenue curve facing a competitive firm differs from the marginal revenue curve facing a monopolist. un
ycow [4]

The correct answer to this question is that:

In a monopoly, “the monopolist must lower the price on all units to sell one more unit of output”.

This means that in a monopoly market, if we increase the amount of output without lowering the price, the marginal revenue decreases. Therefore marginal revenue is indirectly proportional to number of outputs.

In a perfect competition however, the marginal revenue is constant to any amount of output.

<span> </span>

8 0
3 years ago
A box of Crest toothpaste contains a coupon entitling the buyer to save 50 cents when purchasing a Crest toothbrush. What type o
Leni [432]

Answer:

cross-coupon

Explanation:

The type of sales promotion being represented is known as a cross-coupon. This is a redeemable coupon/savings for a specific product and is given to the customer on the purchase of a different product that was made by the same company. This is usually through a tie-in with another manufacturer, in order for them to increase their sales and ultimately their profits by enticing customers to buy more products from the company.

7 0
3 years ago
Other questions:
  • Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$10 par value, 10
    12·1 answer
  • Consider luxury weekend hotel packages in Las Vegas. When the price is $250, the quantity demanded is 2,000packages per week. Wh
    11·1 answer
  • etrus Framing's cost formula for its supplies cost is $1,760 per month plus $10 per frame. For the month of March, the company p
    15·1 answer
  • . An externality is: A. the costs that parties incur in the process of agreeing and following through on a bargain. B. the uncom
    15·1 answer
  • IRB continuing review of a greater than minimal risk approved protocol that is currently enrolling subjects must ______________-
    7·1 answer
  • Information regarding Maxwell’s direct labor cost for the month of January follows: Direct labor hourly rate paid $ 29.20 Total
    14·1 answer
  • The Boeing Company buys $3 million worth of steel, $2.5 million worth of computer hardware and software, and $1 million worth of
    12·1 answer
  • Marginal utility is the change in total utility obtained by consuming one more unit of a good. B) change in total utility obtain
    5·1 answer
  • Shauna wants to buy a house and plans to rent the apartment located in the basement for extra income. The house has a purchase p
    8·1 answer
  • Peter's Pans sells cooking pans for $30 each. The company
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!