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
Andrej [43]
2 years ago
12

Last year Attic charged $2,334,667 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new dep

reciable asset, the effect on Andrews's financial statements would be (all other items remaining equal):
Business
1 answer:
olga nikolaevna [1]2 years ago
6 0

Answer:

Note: The correct option is a. Increase Net Cash from operations.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:

a. Increase Net Cash from operations

b. Decrease Net Cash from operations on the Cash Flow Statement

c. No impact on Net Cash from operations

d. Just impact the Balance Sheet

The explanation of the answers is now provided as follows:

Since the assets was purchased early in the year, depreciation will be charged on it in the income statement for the year at the end of the year. Since depreciation is a non-cash item, it will added back to the net income in the indirect Cash Flow Statement method as one of the adjustments to the net income under the Cash from operations. This adding back of the depreciation will therefore lead to an Increase Net Cash from operations.

Therefore, the correct option is a. Increase Net Cash from operations.

You might be interested in
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Aliun [14]

To create market stability.

6 0
3 years ago
Whitman and Greene are partners in a real estate venture. At January 1, 2020, their respective capital balances were $200,000 an
kykrilka [37]
Which describes the cross section of the rectangular prism that passes through vertices A, B, C, and D?

(A rectangular prism with measurements 3 centimeters, 10 centimeters, 6 centimeters.)

a rectangle with two 10-cm sides and two 6-cm sides
a rectangle with two 10-cm sides and two sides that are longer than 6 cm
a nonrectangular parallelogram with two 10-cm sides and two 6-cm sides
a nonrectangular parallelogram with two 10-cm sides and two sides that are longer than 6 cm
5 0
3 years ago
On a total product curve with labor on the horizontal axis, the inflection point represents the quantity of labor where
emmainna [20.7K]
The appropriate response is the marginal product of labor is at its most elevated. In financial aspects, the marginal product of labor (MPL) is the adjustment in yield that outcomes from utilizing an additional unit of work. The minimal result of an element of generation is by and large characterized as the adjustment in yield-related with an adjustment in that component, holding different contributions to creation steady.
3 0
3 years ago
Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
FromTheMoon [43]

Answer:

D : Cultural relativism

Explanation:

Cultural relativism is an idea that an action should be viewed in the context of the socio-cultural environment in question. If child labor is permitted in Country X, it implies that rival companies and competitors who use child labor will experience cheaper production cost and unless the multinational company does same, it may face the need to pul out of the market.

4 0
3 years ago
On December 31, 2020, BEL Company had 300,000 shares of common stock issued and outstanding. BEL issued a 5% stock dividend on J
KIM [24]

Answer:

297,500 shares

Explanation:

Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.

Weighted average number of shares are used to calculate the basic earning per share.

Weighted Average Number of Diluted Shares = (300,000 x 6/12 ) + ( 300,000 x 105% x 3/12 ) + [ ( (300,000 x 105%) - 40,000) x 3/12 ) ]

Weighted Average Number of Shares = 150,000 + 78,750 + 68,750

Weighted Average Number of Shares = 297,500 shares

6 0
3 years ago
Other questions:
  • Recent financial statements of General Mills, Inc. report net sales of $12,442,000,000. Accounts receivable are $912,000,000 at
    8·1 answer
  • Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He
    9·1 answer
  • Technician A says that many oil pumps are driven directly off the front of the crankshaft. Technician B says that others are dri
    6·1 answer
  • In financial markets, firms and governments in search of funds to pay for their daily operations would be the:___________.
    12·1 answer
  • The desire of businesses to ____________, so that they can raise the prices that they charge and earn higher profits, has been w
    11·1 answer
  • What happens to the money supply during inflation? *
    10·1 answer
  • A $10,000 mortgage bond with a bond interest rate of 12% per year, payable quarterly, was purchased for $8,800. The bond was kep
    15·1 answer
  • What is the difference between global trade and domestic trade?
    10·2 answers
  • Some investment opportunities that should be accepted from the viewpoint of the entire company may be rejected by a manager who
    13·1 answer
  • Which of the following decisions is part of the HR function of compensation?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!