Answer: Operating Activities
Explanation: The cash flow statement lists 3 activities: The operating activities which is the most important 1. It lists cash receipts, adjustments to net income plus depreciation, gain or loss on a fixed asset and changes in current assets and liabilities. The investing activities lists the purchase and sale of fixed assets. Finally, the finance activities focuses on paying its liabilities which can be issuing shares of stock, paying dividends, and receiving a long-term note payable.
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Answer:
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Explanation:
Answer:
From the attached excel file, total cost allocated are as follows:
Deparment A = $99,600
Department B = $73,600
Department C = $51,600
Common cost = $57,600
Explanation:
Note: See the attached excel for the schedule assigning the fixed expenses to the three departments.
In the attached excel file, the following formulae are used to allocate costs to each department:
Depreciation on equipment (based on average cost of equipment) = Depreciation on equipment * (Average cost of equipment of a department / Total average cost of equipment of the three departments)
Real estate taxes (based on Square feet of floor space) = Real estate taxes * (Square feet of floor space of a department / Total square feet of floor space of the three departments)
Personal property taxes: This is a common cost. It cannot therefore be allocated.
Personnel department expenses (based on payroll) = Personnel department expenses * (Payroll of a department / Payroll of the three departments)