Answer:
c. Repayment of long-term borrowing to the bank.
Explanation:
The third section of the statement of cash flows shows the cash flows from financing activities.
These activities are defined as ‘activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.’ It measures the flow of cash between a firm and its owners and creditors. Companies often borrow money to fund their operations, acquire another company or make other major purchases. Here again for investors, the most important item is cash dividends paid.
Based on the above discussion, the following item shall be included in the financing cash flows.
c. Repayment of long-term borrowing to the bank.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
$35,660
Explanation:
the depreciable value of the vehicle = $47,550 - $4,500 = $43,050
depreciation expense per mile driven = $43,050 / 105,000 miles = $0.41
depreciation expense 2019 = $0.41 x 10,500 = $4,305
depreciation expense 2020 = $0.41 x 18,500 = $7,585
accumulated depreciation = $11,890
book value = $47,550 - $11,890 = $35,660
Answer:
a deficit budget
Explanation:
A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.
An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.
