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Fed [463]
3 years ago
13

Which of the following statements regarding the statement of cash flows is incorrect?

Business
1 answer:
hoa [83]3 years ago
3 0

Answer:

B. Due to its format and level of detail, most individuals have difficulty comprehending the information reported in the statement of cash flows.

Explanation:

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

The following statements regarding the statement of cash flows are correct;

I. The statement of cash flows presents a detailed summary of all the cash inflows and outflows, or the sources and uses of cash during the period.

II. The income statement, the statement of stockholders’ equity, and the balance sheet each present some information about the cash flows of an enterprise during a period.

III. The statement of cash flows reports the following:

(1) the cash effects of operations during a period,

(2) investing transactions,

(3) financing transactions, and

(4) the net increase or decrease in cash during the period.

You might be interested in
Unibronx is a company that manufactures inverters. It does extremely well in the market in its first year of business—its sales
Nastasia [14]

Answer:

C) product life cycle

Explanation:

A product life cycle has 4 stages:

  1. introduction: a new product is introduced to the market usually with a marketing campaign
  2. growth: the demand and the sales of the new product start to rise
  3. maturity: the product is well known with a steady demand but new competitors enter the market
  4. decline: the sales start to decline and the product loses market share

Unibronx's inverter is a mature product.

3 0
3 years ago
For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willi
Sedaia [141]

Answer:

a) consumer

$5

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.

The price of the goods is $35 but Alice would pay ($35 - $10) = $25

The consumer surplus is $30 - $25 = $5

Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.

I hope my answer helps you.

6 0
3 years ago
The income statement for the month of June, 2018 of Sarasota Enterprises contains the following information:
BlackZzzverrR [31]

Answer:

b) credit to Rent Expense for $1530

Explanation:

Date Accounts and Explanation     Debit     Credit

         Income Summary                   $5,550

             Salaries & Wages Expense              $2,900

             Rent Expense                                    $1,530

             Advertising Expense                         $740

             Supplies Expense                              $270

             Insurance Expense                             $110

        (To Close the expense accounts)  

8 0
2 years ago
Mike, an advocate of a certain religion, publishes an article in New Times magazine insisting that Congress base all federal law
egoroff_w [7]

Answer:

<u>Press, Speech & Religion </u>

Explanation:

As per The First Amendment, the Congress had been prohibited to make any such laws which restrict an individual's freedom of speech, curtail the freedom of press or those which in any form promote or curb any religion.

In the given case, Mike, an advocate, supports a certain religion and went on to publish an article in a magazine, expressing his views and insisting upon Congress to base Federal Laws as per the principles of his religion.

The First amendment guarantees Mike, the freedom of speech i.e expression, freedom to practice the religion of his choice and the freedom of press i.e the freedom to publish an article expressing his views in a magazine.

5 0
3 years ago
When text is indented in an outline, what does that usually mean?
andrew11 [14]

Answer:

D

Explanation:

its is D because why not ight

3 0
3 years ago
Read 2 more answers
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