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siniylev [52]
3 years ago
6

Forecasted depreciation expense, commonly estimated as: [(Current year depreciation expense / Prior year PPE, net) x Current yea

r PPE, net] , is added back to net income in the cash flow from operating activities section of the Statement of Cash Flows.A. TrueB. False
Business
1 answer:
Radda [10]3 years ago
8 0

Answer: True

Explanation:

The Statement of Cash flows is prepared to show the cash transactions of a company and only cash. The effect of anything non cash is not shown.

Depreciation is a non-cash expense which means that it reduces the net income without actually reducing the cash to the company. It would therefore be added back to the cash balance of the company so as to reflect that it did not reduce cash. The addition will be in the operating activities of the Statement of Cashflows.

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Why is questioning such an important leadership skill
babymother [125]

questioning is such a good leadership skill because you can't learn without questioning something.

5 0
3 years ago
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Rotonga Manufacturing Company leases a vehicle to deliver its finished products to customers. Which of the following terms corre
Anton [14]

Answer:

b.) fixed cost

Explanation:

Fixed cost is a cost which has incurred and does not varies with change in the amount of goods being produced or being sold in the market.

These are expenses are paid by the company

Fixed costs are independent of any business related activities.

Here,

the lease amount is paid once for a vehicle and the lease amount of this truck does not varies with the amount of products company produces.

3 0
3 years ago
Which of the following are recommended ways to learn more about IT careers? Check all of the boxes
Snowcat [4.5K]

Answer:

  • scheduling an appointment with a career counselor at a school
  • attending an informational session
  • applying for an internship
  • contacting a professional organization, such as CompTIA

Explanation:

To learn more about IT careers or just carriers in general, one can contact the Career counselor at school. Their job is to help students find out more abut careers so that they know which path they would like to follow.

One can also attend information sessions where they can listen to people speak on IT careers and ask questions they would like answers to as well.

A practical way to find out about IT careers is to intern at an IT firm. This way you get to see first hand what the job entails and if it is the kind of thing you would like to do.

There are also professional organizations that offer certifications in IT such as CompTIA. As they are well versed in the area, they can provide more information on IT careers including the educational background required.

3 0
3 years ago
An offer that cannot be revoked because an offeror promises to hold the offer open for a specified time in exchange for payment
vichka [17]

Answer:

Option Contract

Explanation:

According to the Laws Termination of the Power of Acceptance, there are four types of offer terms. These types are Counter Offer, Option Contract, Conditional or Qualified Acceptance, and Firm Offer. With these 4 types being the options, based on the description given in the question we can say that the one being described is an Optional Contract. Which as described in the question is a contract that is held open for a period of time in which it cannot be revoked.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
The bookkeeper for Mustang Company forgot to make the end-of-the-period adjustment for the interest expense that had accrued dur
yawa3891 [41]

Answer:

C Liabilities are understated, and net income is overstated.

Explanation:

To accrue for interest expense, the required entries are;

Debit Interest expense (p/l)

Credit Accrued Interest (B/s)

Being entries to recognize accrued interest expense.

If this is not posted, liabilities and expenses for the period would be understated. As such, net income would be overstated.

Hence the right answer is C Liabilities are understated, and net income is overstated.

4 0
3 years ago
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