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LUCKY_DIMON [66]
2 years ago
13

It is ____ to say that Cold Goose’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annu

al contribution to retained earnings, $869,437 and $1,133,180, respectively. This is because _____ of the items reported in the income statement involve payments and receipts of cash.
Business
1 answer:
stira [4]2 years ago
7 0

Answer:

The answer is "Incorrect and all but one".

Explanation:

It's wrong because it assumes that its millennial generations of Cold Goose through financing activities only at end of Years second and third were equivalent to both the employer payment of its organization to preserved profits, $869,437, and $1,133,180 separately.  It is because transactions including payable accounts are included in everything but several of the items reported in the currently operated.

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Longview Manufacturing Company manufactures two products (I and II). The overhead costs ($60,500) have been divided into three c
Mila [183]

Answer:

a. $8,000.

Explanation:

The computation of the amount of overhead cost assigned to the product I is shown below:

= $40,000 ÷ 2,500 × $500

= $8,000

Hence, the amount of overhead cost assigned to the product I is $8,000

Therefore the correct option is a.

7 0
3 years ago
In January, Stitch, Inc. adopted the dollar-value LIFO method of inventory valuation. At adoption, inventory was valued at $50,0
Dennis_Churaev [7]

Answer:

B. $83,000

Explanation:

Inventory value at adoption = $50,000

Increase in inventory using base year price = $30,000

Current year Price increase = 10%

Increase price = $30,000 + ( $30,000 x 10% )

Increased price inventory = $30,000 + $3,000

Increased price inventory = $33,000

Amount of Inventory reported on balance = Inventory value at adoption + Increase price Inventory

Amount of Inventory to be reported on balance = $50,000 + $33,000

Amount of Inventory to be reported on balance = $83,000

5 0
3 years ago
If a person receives a paycheck for $600.00 and the government takes $200.00 in income taxes, it is a result of which amendment?
Ket [755]

Answer:

Sixteenth (16th)

Explanation:

The sixteenth amendment in the United States Constitution provides the right to Congress whereby, it can levy the taxes in the form of income tax on the amount of income, without segregating it in any manner, that is in no manner it is apportioned in relation to any number or weightage of the population concerned of the state.

This amendment thereby provides for straight tax as discussed in the example.

3 0
3 years ago
Liability management refers to: a bank's handling of the assets in individual trust funds. a bank's handling of loans and other
Dafna1 [17]

Answer:

Liability management refers to how a bank handles it loans and other assets.

Explanation:

Liability management is a practice adopted by banks to keep a balance between assets and liabilities, so that they possess enough liquidity to facilitate lending and also a healthy balance sheet is maintained. Banks need to keep a balance between maturity of their assets and liabilities. It is a mechanism to address the risk of mismatch in bank's assets and liabilities.

4 0
3 years ago
What land resources are used by a company that produces movies?
lions [1.4K]

Answer:

a big film company may want to landscape something for a specific scene

Explanation:

like, you may need to artificially make a bluebell forest for some reason. and thus the bluebells would be a land resource?

8 0
3 years ago
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