Answer:
The Declaration of Independence was the first formal statement by a nation's a draft of what would become the Declaration of Independence.
Explanation:
Answer:
b. Operating activities
Explanation:
As we know that there are two methods of cash flow statement. The one method is direct method and the other one is indirect method
Also the financing activities and the investing activities should be same calculated under both the methods
But the operating activities would be calculated differently under both the methods
In the direct method, the cash receipts and cash payment would be adjusted while an indirect method, the changes in working capital would be adjusted
Therefore the option b is correct
Answer:
-$27,800
Explanation:
When the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated
. When an expense is overstated, the net income is understated and so is the retained earnings.
The net overstatement of inventory across the two periods
= $58,500 - $10,500
= $48,000
The net overstatement of depreciation across the two periods
= $24,800 - $4,600
= $20,200
Adjustments to retained earnings
= - $48,000 + $20,200
= -$27,800
<span>One of the young and
successful entrepreneur Mubarak Muyika of Kenya. AT age 20 years old, he founded
Zagace Limited is a software helping companies evaluate their inventory:
accounting, payroll, stock management, marketing, etc. Next is Bheki Kunene of
South Africa. AT age 27, he founded Mind Trix Media providing jobs and a
profit.</span>
Answer:
$35,000
Explanation:
Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).
Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000
