Answer:
The correct answer is Option C.
Explanation:
A statement of cash flows shows actual cash movement (inflow / outflow) relating to operating, financing and investing activities of a company. Essentially, there are two methods used in determining cash flows, which are: (i) direct method (ii) indirect method.
The Option C is correct because the movement in income tax payable is used in determining the actual tax paid and this is subtracted from the net income in order to determine the cash flows from operating activities.
The other options are used as adjustments to net income in determining cash flows from operating activities using the indirect method.
On June 19 the accounts receivable should be recorded at the spot rate: $228,190 ($190,000 Euros * $1.201), which is the rate at which the Euro and the US Dollar were being exchanged at the time.
Many US-based enterprises sell goods to companies abroad. Depending on the discussions and the circumstances surrounding the sale, these sales may be made in US dollars or in another currency. If the sale is made in a foreign currency, the US-based company will be responsible for any fluctuations in the exchange rate from the time the sale and receivable are recorded until the time the foreign currency is paid for the related foreign currency-related receivable.
The accounts receivable should be recorded (converted from Euros to US Dollars) at the spot rate on June 19: 190,000 Euros * $1.201, which is the exchange rate at that time between the Euro and the US Dollar, equals $228,190.
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A business practice where main contractor hires additional individuals or companies called subcontractors to help complete a project. The main contractor is still in charge and must oversee hires to ensure project is executed and completed as specified in contract.
Answer:
stock dividend -
Explanation:
stock dividend -
it is taken as alternative source of supply of dividend to stock holder when there is short supply of cash in the company. Therefore company's paid additional share in place of liquid cash to customer.
Basically for every quarter it is liability of the company's to pay dividend to the customer for their stock by sending some pay check but if there is shot supply of cash then company pay you additional share to cover up short supply of cash
Explanation:
The categorization are as follows
A. Issued bonds for $150,000 cash. = Cash flow from investing activities. It represents an inflow of cash
B. Purchased equipment for $200,000 cash. = Cash flow from investing activities. It represents an outflow of cash
C. Sold land costing $50,000 for $50,000 cash = Cash flow from investing activities. It represents an inflow of cash
D. Declared and paid a $20,000 cash dividend = Cash flow from investing activities. It represents an outflow of cash