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3 years ago

Operating assets include cash, accounts receivable, and inventory but not any depreciable fixed assets.

1 answer:

8 0

That statement is false.

WHAT ARE "OPERATING ASSETS"?
Operating assets are assets acquired for use of the ongoing operations of a business.

OPERATING ASSETS INCLUDE:
Inventory, accounts receivable, & fixed assets.

WHY IS IT FALSE?
This statement would've been correct up until this point: "but not any depreciable fixed assets."

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True or faults caffeine and other energy boosters can be used to effectively compensate for fatigue

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True because coffee and other drinks can last up to hours of energy

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2 years ago

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on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr

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Explanation:

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2 years ago

"Income tax was $175,000 for the year. Income tax payable was $30,000 and $40,000 at the beginning and end of the year, respecti

kolezko [41]

Answer:

Cash payments for income tax = $165000

so correct option is C. 165,000

Explanation:

given data

Income tax = $175,000

beginning tax payable = $30,000

end of the year tax payable = $40,000

to find out

Cash payments for income tax reported on the statement of cash flows

solution

we get here Cash payments for income tax that is express as

Cash payments for income tax = Income tax + beginning tax payable - end of the year tax payable ..............................1

put here value we get

Cash payments for income tax = $175000 + $30000 - $40000

Cash payments for income tax = $165000

so correct option is C. 165,000

5 0

2 years ago

Eaton Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or thr

natita [175]

Answer:

The correct answer is b. $1,300,000

Explanation:

The computation of unearned service revenue is shown below:

= Outstanding service contracts for 2011 + Outstanding service contracts for 2012 + Outstanding service contracts for 2013

= $380,000 + $570,000 + $350,000

= $1,300,000

The other amounts are not considered in the computation part. So, it is ignored.

Thus, the $1,300,000 is the amount which should be reported as Unearned Service Revenues in Eaton's December 31, 2010 balance sheet.

Hence, the correct answer is b. $1,300,000

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2 years ago

Nate is going to the grocery store to pick up a few things. he decides not to write a list and instead repeats the eight items h

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Rehearsal.

Behavior rehearsal is a technique where thoughts, actions, or words are practiced before needing to put them into practice.

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3 years ago