Answer:
(a) Net cash flow provided by operations for Simon Co. for the year ended December 31, 2020 is $1,580.
(b) The correct answer is Option A.
Explanation:
(a) Preparation of statement of cash flows extract
Simon Co.
Statement of Cash Flows (extract) for the Year Ended December 31, 2020
Net income $840
Add: Depreciation and amortization expense 640
Decrease in Accounts receivable 90
Increase in Income taxes payable 70
Less: Increase in Inventory 40
Decrease in Accounts payable 20
Net cash flows from operating activities $1,580
(b) The difference is mainly from timing and recognition. The cash flows from operations is a valuable tool used by investors to evaluate a company's financial strength. This section of the cash flows is regarded as the <em>cash version of net income </em>as non-cash items are added back to net income and it also considers changes in working capital, including current assets and current liabilities.
Answer:
He has lost the previous files as he has been replacing them.
Explanation:
When you save a file in your computer, you need to save it with a name that is different from the names of the other files you have in the computer. If you save file with the same name of another file, you will replace that file and will lose the information you had. So according to this, as Jack is saving all his work for the class with the name of the course, it means that he has saved everything with the same name and he has lost the previous files because everytime he saves a new file he replaces the previous one.
Jimmy and Stephen both purchase small stock interest in manufacturing corporation as an investment is a partnership for tax purposes.
<h3>
What is a partnership?</h3>
A partnership is a legal arrangement whereby people, sometimes known as business partners, agree to collaborate in order to promote their common goals. A partnership may consist of one or more persons, businesses, nonprofit organizations, institutes of higher learning, governmental agencies, or other entities. Collaboration between organizations can increase their reach and increase the likelihood that each will succeed in achieving its objectives. A partnership may be obligated by a contract or it may issue and own stock. A partnership agreement is required for the formation of any partnership, even one that has not been reduced to paper. Although a written partnership agreement that outlines the essential aspects of their relationship may be advantageous, it is not legally required in common law countries.
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Answer:
Job shadowing
Explanation:
Job shadowing is a kind of on - the job training for new employees that requires them to follow and observe trained employee and professionals in the organisation to help them gain more knowledge and exposure about their duties, the workplace and their general Job requirement. It is an effective means of training newly employed workers because it assists them in getting first hand knowledge and information about how the work is done.
