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Bogdan [553]
3 years ago
12

Whoever answers first gets 50 points

Business
1 answer:
zhuklara [117]3 years ago
3 0

Answer:

i like ya cut g

Explanation:

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In a statement of cash flows: Multiple Choice No noncash transactions are reported in the statement itself or the related footno
vesna_86 [32]

Answer:

The answer is C. The two primary reporting classifications of cash flows are inflows and outflows

Explanation:

Statement of Cash flows is prepared using cash basis i.e it recognizes outflow only when money goes out of the business and recognizes inflow only when money comes in. This is unlike accrual basis. So the primary reporting classifications are inflow and outflow.

Option A is incorrect because non cash transactions are reported in the statement. For example, depreciation under indirect method of preparing operating cash flow is a non cash transaction.

Option B is wrong because operating activities under cash flow statement are not the same as reported under income statement.

Option D is wrong because inflow and outflow are reported under all the three sections of statement of cash flow

6 0
3 years ago
The investments of Steelers Inc. include a single investment: 11,100 shares of Bengals Inc. common stock purchased on September
mihalych1998 [28]

Answer:

Steelers Inc.

a) Journal entries:

Sept. 12

Debit Available for Sale Investment $133,200

Credit Cash Account $133,200

To record investments in the common stock of Bengals Inc., 11,110 shares at $12 per share.

Dec. 31:

Debit Unrealized Loss on Available for Sale Investment $22,200

Credit Available for Sale Investment $22,200

To record the fair value of the investment.

b) The unrealized gains and losses are included in other comprehensive income within the equity section of the balance sheet.

The loss will, therefore, be deducted from other comprehensive income.

Explanation:

Investments held for sale are accounted for at fair value.  This implies that at the end of any accounting period, the fair value of the investments will be determined.  This is usually the market value.  Then, adjustments are made in the asset account according to the fair value.  There will be recognized either unrealized gain or loss, which are taken to other comprehensive income in the balance sheet under the equity section.

5 0
3 years ago
The Clifford Corporation has announced a rights offer to raise $10 million for a new journal, the Journal of Financial Excess. T
kkurt [141]

Answer and Explanation:

1. The maximum possible subscription price is $60

The maximum price is anything greater than $0

2.Number of new shares

$10,000,000/$50

=$200,000

Number of right shares

$1,000,000/$200,000

=$5

3. Excess right 58.33

(5*60+50)/(5+1)

Value of excess 1.67

($60-58.33)

4.Portfolio value before right offering

2,000×60

= 120,000

Portfolio value after right offering 120,000

(2000×58.33 +2000×1.67 )

8 0
3 years ago
2. When the economy is in a recession, the Federal Reserve usually cuts interest rates. Why would the federal government do this
Airida [17]
The purpose of the Federal Reserve cutting interest rates during a recession is to encourage borrowing (borrowing becomes cheaper) and in this way especially for companies they may spend more money then  on improvements, new products etc so the economy theoretically will be stimulated to counteract the recession.
7 0
2 years ago
You own a coffee shop where a cup of coffee sells for $2.99. Your cost on the cup of coffee is $0.90. Calculate the margin
Pepsi [2]

Answer:$2:09

Explanation:  If you subtract the 2 you will get your answer! :)

(Sorry I just read the question wrong)

3 0
3 years ago
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