Answer:
Tabares Corporation
Indication of whether each transaction is an operating activity, investing activity, financial activity, or noncash investing and financing activity:
a) Financing activity
b) Investing activity
c) Noncash financing activity
d) Financing activity
e) Investing activity
f) Operating activity
g) Operating activity
Explanation:
A statement of cash flows is a financial statement that shows the inflow and outflow of cash for a period. It is divided into 3 main activities and noncash investing and financing activity.
The activities are Operating, Financing, and Investing. The Operating Activity section shows the inflow and outflow of cash from normal business operations.
The Financing Activity section shows the inflow and outflow of cash from financing (raising funds and repayment of funds) the business.
The Investing Activity section shows the inflow and outflow of cash as a result of the investments made by the entity, including the purchase of noncurrent assets and security investments, and their disposal.
Answer:
$235,000
Explanation:
Under the accrual accounting system, expenses are recognized in the period incurred and not necessarily in the period cash is paid.
Revenue is also recognized in the period earned and not necessarily when cash is collected.
Total revenue in 2018 = $200,000 + $150,000
= $350,000
Net income is the difference between the revenue and expense
Net income in 2018 = $350,000 - $115,000
= $235,000
Answer:
A. Structural demand is the correct answer
Answer:
The share capital will increase by $34000
Explanation:
dividend declared is in stock (10% of existing holding)
Share capital = 68,000 shares. dividend = 10% of 68,000 = 6,800
Par value of share is $5 per unit. Thus share capital increase is $5 x 6,800 = $32,000
share premium (23-5)= $18 per share. Thus share premium reserve will increase by 18 x 6,800 = $122,400
share premium is the difference between market value and par value of shares.
