DECA is a CTSO for:

When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted

zysi [14]

Answer:

B

Explanation:

When using the indirect method to prepare the operating section of a statement of cash flows , the gain on sale of land will be deducted from the net income as it has already been included in the net income as the gain on the sales of the land , which was a non cash recognition in the course of the business.

Decrease in receivable means that there was an inflow of cash as some receivables had paid their debts , thus it is added.

The amortization is a non cash expenses that had been deducted which will need to be added back to the net income for the purpose of cash flow.

5 0

3 years ago

These types of goals help make up the framework for long-term goals

Juli2301 [7.4K]

There are different types of goals like the short and long term goals. Short term only applies on specific schedule or a target time. Long term goals is more based on security like retirement plans, insurance, savings, health plans, home for the family an many more. These are some factors that can indicate stability and are the long term goals that had to be met.

6 0

2 years ago

A company that uses the allowance method, writesminusoff a receivable of $ 6 comma 000. Prior to the journal entry, the credit

o-na [289]

Answer:

The net realizable value of Accounts Receivable = 1,985,538

Explanation:

The journal entry will be: Allowance for Uncollectible Accounts (Debit - Decreased) 6,000 and Accounts Receivable (Credit - Decreased) 6,000.

After the journal entry the credit balance in the Allowance for Uncollectible Accounts will be: 2,005,000 - 6000 = 1,999,000, and the debit balance in Allowance for Uncollectible Accounts will be: 19,462 - 6,000 = 13,462.

Then net realizable value of Accounts Receivable will be: 1,999,000 - 13,462 = 1,985,538.

3 0

2 years ago

Blue Spruce Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busi

dlinn [17]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $26,100

To Common stock $26,100

(Being Cash in exchange of common stock is recorded)

2. No Journal Entry is required

3. Office rent expenses Dr, $1,305

To cash $1,305

(Being is office rent is recorded)

4. Accounts receivable Dr, $1,885

To Accounts payable $1,885

(Being architectural supplies is recorded)

5. Accounts receivable Dr, $2,755

To Service revenue $2,755

(Being service revenue is recorded)

6. Cash Dr, $1,015

To Unearned revenue $1,015

(Being cash is recorded)

7. Cash Dr, $4,060

To Service revenue $4,060

(Being cash is recorded)

8. Salary expenses Dr, $2,176

To Cash $2,176

(Being salary expenses is recorded)

9.Accounts payable Dr, $435

To Cash $435

(Being accounts payable is recorded)

3 0

2 years ago

What can be learned about ancient greeks from this passage? check all that apply<br><br>

olga55 [171]

Answer:

the greeks were powerful people at a time then got overpowered by athens and romans but that will change

Explanatin

5 0

2 years ago