Answer:
$240
Explanation:
The computation of cash flow from operating activities of Felix company is seen below;
= Net income - Decrease in plant and machinery + decrease in expense - increase in deferred assets + gain on sale of assets
= $300 - $40 + $20 - $5 + $35
= $240
Therefore, cash flow from operating income of Felix company is $240
The way they will record the dividends if they use the fair value method vs. the equity method is A. They will report dividends as income under the fair value method but as a reduction in the investment under the equity method.
<h3>What is a Stock?</h3>
This refers to the shares of a company that denotes a certain ownership percentage for each buyer of the stock.
Hence, we can see that Williford Enterprises has purchased common stock from several companies and has classified them as long-term investments and option A best shows how they would record the dividends.
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Answer:
balance sheet
Explanation:
The <u>balance sheet</u> shows how the capital is structured in the business, including the value of assets and the amount the firm owes at a specific point in time.
The case filed by Gerwin against Baker will be null and void, as thee is no existence of any legal contract between the parties as such.
<h3>What is a legal contract?</h3>
A contract is said to be a legal one when the party who is presented with such an offer accepts on the terms and with a condition that the offer must be for legal activities.
In case when any of the criterion mentioned above are not followed by the offeror or the offeree, then in such case, any lawsuit filed against the plaintiff will be considered as null and void.
Hence, it can be concluded that there is no legal contract between Gerwin and Baker, and thus their cases are null and void.
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Answer:
The biggest challenge is PNG
