Answer:
From this worksheet, I have noticed that following directions to receive your dream car is tricky as well as fun
;)
Answer:
realized Section 1231 gain = $611,750
Explanation:
book value before the sale is made = $1,000,000 - $411,750 =$588,250
realized Section 1231 gain = selling price - book value = $1,200,000 - $588,250 = $611,750
A Section 1231 gain is realized when a real estate property is sold after the company has held it for more than 1 year.
Answer:
C. a debit to Bad Debts Expense account
Explanation:
using the direct write-off method, we do not use the allowance. At write-off we recognize the directly the bad debt expense and decrease the accounts receivable.
Is important to notice that the direct method violates the accounting matching principles as, it recognize an expense based on events which occured at prior periods
Answer:
She is a middle manager
Explanation:
As for the details provided,
Yojayna has a senior manager, to whom she meets once in every week to discuss the plan, and the achievements so far.
Thus, she is not the top most manager.
Further, she coordinates with supervisors who regulate the operations of employees on daily basis.
Thus, she is a manager to them.
Therefore, she is a middle level manager. Who works according to senior management, and then regulates the work of supervisors also.
Answer:
c. the cash flows from investing activities section.
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
