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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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Which statement is correct concerning the definition of internal control developed by the Committee of Sponsoring Organizations
BlackZzzverrR [31]

Answer:

D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.

Explanation:

Internal control is a process which is effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives.

6 0
3 years ago
The great thing about IRAs is that you can withdraw money anytime you want, with no financial penalty. True False
tangare [24]

The great thing about IRAs is that you can withdraw money anytime you want with no financial penalty is a false statement.

<h3>What is IRA?</h3>

An individual retirement account refers to a savings account with tax advantages that individuals can open to save and invest in the long term.

The great thing about IRAs is that you can withdraw money anytime you want, with no financial penalty is a false statement.

Learn more about IRA here:

brainly.com/question/9969005

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7 0
1 year ago
The intentional dispossession or unauthorized use of the personal property of another is known as:
Kruka [31]
<span>This would be known as the trespass to person property. Trespassing has many meanings, while most know that it means to step on someones property without authority, it can also mean to intentionally interfere with someones rights to posses or won property. This can also occur if a person damages or deprives someone of property or possessions.</span>
7 0
3 years ago
A waitress assumes a group of poorly dressed customers to be ungenerous tippers. She doesn’t pay much attention to them during t
Shtirlitz [24]

Answer:

The correct answer is a self-fulfilling prophecy.

Explanation:

Self-fulfilling prophecy in psychology is a perception bias through which we anticipate facts and their consequences before they occur and with overwhelming assurance. It is completely normal that when we live in any situation, we keep a record in our memory and serve as learning for the future. Throughout our lives we encounter situations that are similar to others that we have already lived and react to them based on that previous experience. Human beings build our reality based on experiences.

The problem comes when we make an anticipation or prediction of things without having any logical or realistic basis to reach a conclusion. How many times have we said that "In the end this will happen, you'll see"? And we do it without any real reason that leads us to be sure that it will be so. That's when we are getting carried away by what is called self-fulfilling prophecy or self-fulfilling prophecy.

5 0
3 years ago
Read 2 more answers
Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $ 398 comma 930 due in 28 y
Sladkaya [172]

Answer:

Present value of Liability is $59,989

Explanation:

Money does not have the same value in future as it has today. The present value calculates the today's value of any that cash flow will be made in future.

Liability = FV = $398,930

Number of years = n = 28 years

Discount rate = r = 7%

Present value = FV / ( 1 + r )^n

Present value = $398,930 / ( 1 + 0.07 )^28

Present value = $398,930 / 6.65

Present value = $59,989.47

3 0
3 years ago
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