1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ostrovityanka [42]
3 years ago
5

The indirect method for the preparation of the operating activities section of the statement of cash flows: Group of answer choi

ces Is required if the company is a merchandiser. Must not be used in all circumstances. Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities. Separately lists each major item of operating cash payments. Separately lists each major item of operating cash receipts.
Business
1 answer:
weqwewe [10]3 years ago
3 0

Answer:

Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Explanation:

FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).

When the operating activities section of the statement of cash flows is reported using the indirect method, the FASB requires that, you report net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Hence, the indirect method for the preparation of the operating activities section of the statement of cash flows reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Some examples of operating activities are cash revenue from the sales of a product, cash paid as an expense for merchandise etc.

You might be interested in
Cuál es la teoría de Adams?
mash [69]

Answer:

Adams' Equity Theory calls for a fair balance to be struck between an employee's inputs (hard work, skill level, acceptance, enthusiasm, and so on) and an employee's outputs (salary, benefits, intangibles such as recognition, and so on).

Explanation:

Hope it works!!

8 0
3 years ago
Imagine you are the owner of a small local peanut butter company. You have many competitors in the peanut butter market but your
mamaluj [8]

Answer:

A

Explanation:

keeping a competitive edge

8 0
3 years ago
A large dairy has decided to focus its efforts on becoming a sustainable company. It needs to redesign the packages it uses for
Leya [2.2K]

Answer: Financially Buoyant

If we agree that completion of the line "All of this requires the diary to be" as the puzzle for this question then there's literally hundreds of ways that would complete the sentence and still keep it valid. Above all, I would highlight financial buoyancy as most fitting. This is because without it, every other possible end to the sentence is void. This diary looks to have gotten past the conceptualization phase and figured out what is required by the company to become sustainable. They have sorted out what a lasting value chain for the business should be, but all of this requires the diary to be financially able to set all these in motion. Sizeable investment is required to redesign and produce product packages, sustainable transportation will be paid for, distributors may be paid, sustainable treatment for the cows comes at a cost. So at every phase of the rebuild, financial investments are necessary and this makes  Financial Buoyancy the more rounded answer.

4 0
3 years ago
According to the Solow growth model, high population growth rates:_________ a) are a prerequisite for technological advances and
sashaice [31]

Answer:

b) force the capital stock to be spread thinly, thereby reducing living standards.

Explanation:

Solow growth model: It is a model of economic growth, which was developed by Nobel laureate Robert Solow. It helps in analyzing the change in the output of production due to a change in population growth rate, saving rate and technological growth rate.

In the Solow growth model, an increase in population growth rates will increase the growth rate of the total output of production, however, there are no sharp changes in the growth rate of per capita output and decrease in capital intensity and saving rate, which reduce living standard.

8 0
3 years ago
In accrual basis accounting, revenue is recorded when the seller ______.
Softa [21]

in accrual basis accounting, revenue is recorded when the seller's product is shipped or service is provided.

Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.

Even though the cash for the transaction has not yet been exchanged, accruals are earnings or expenses that have an influence on a company's net income on the income statement. Due to the non-cash assets and liabilities they involve, accruals also have an impact on the balance sheet.

To know more about Accrual-based accounting CLICK HERE:

brainly.com/question/13464862

#SPJ4

6 0
1 year ago
Other questions:
  • The Converting Department of Soft Touch Towel and Tissue Company had 1,200 units in work in process at the beginning of the peri
    7·1 answer
  • The term back door, as it refers to computer crime, is _____________.
    12·1 answer
  • Having a dependable income is a benefit of being a wage earner.<br> True<br> False
    5·2 answers
  • Garrod Smith is a master woodcarver and sole owner of "Smith Custom Doors, LLC." Which of the following advantages applies to hi
    14·1 answer
  • A store has 5 years remaining on its lease in a mall. Rent is $1,900 per month, 60 payments remain, and the next payment is due
    12·1 answer
  • What is National Bank’s role in the interest rate swap and how much will they be compensated for their involvement in this trans
    13·1 answer
  • The overhead costs in a highly automated factory are expected to increase at an annual compound rate of 10 percent for the next
    10·2 answers
  • In a certain city last year, sales of treadmills were 50,000 units. Exercise Unlimited had a market share of 75 percent, followe
    14·1 answer
  • A simple random sample of 60 items resulted in a sample mean of 76. The population standard deviation is 14.
    15·1 answer
  • The control function of management includes taking corrective action. The idea is for managers to intervene before costly or dam
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!