Accruals do not occur when the cash flow precedes either revenue or expense recognition.
So, the given statement is False.
Accruals are the amount that the entity owes or that the entity must pay in the forthcoming period. In the cash flow statement, accruals are first noted as the items that link profits to cash flows. However, they are not the accruals used to calculate earnings; rather, they are adjustments to balance-sheet items, with the applicable accruals being subtracted from the cash flow.
Accrued costs go under current liabilities on the balance sheet. Using the accrual method of accounting, balance sheets and income statements are created. With this approach, earnings and costs are recorded as they happen rather than after payment. When a transaction is documented as having occurred rather than when a payment is made or received, this accounting approach is known as accrual accounting.
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The involvement of government in the free enterprise economy should be strictly limited.
What is free enterprise?
An economy where the market sets pricing for goods and services, not the government, is known as free enterprise or the free market. Government control over businesses and services is not present. Alternatively, the term "free enterprise" could refer to a philosophical or legal framework in which the majority of controls over commercial activity come from the private sector.
Government's participation in the free-market economy should be rigorously constrained. However, the government could step in to take the following actions:
- To make sure that revenue is shared fairly among all members of society.
- To control monopolistic behavior and unethical commercial activities that limit market competition.
- To overcome a failing market.
- To implement tax reform and impose business taxes.
- To implement monetary and fiscal policy during recessions.
- To Apply automatic stabilizers.
- To upgrade the infrastructure
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Answer:
Net cash flow= $66,000
Explanation:
Giving the following information:
An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the firm’s tax rate is 40 percent.
Net cash flow= EBT - Tax + Depreciation
Net cash flow= 60,000 - (60,000*0.4) + 30,000= $66,000
Answer:
My best guess is numbers 1,3,4,6
Explanation:
It makes sense, number 1 when you have face-to-face discussions it will be better to understand what the person is saying. Number 3 teachers need to help others. Number 4 you need to be in contact with people around you so if you have any questions you will get an answer. Lastly, number 6 if you are unbalanced your not going to get anything done, you will be all over the place and wouldn't know what to do which is why its important to spend time regaining balance.
Hope this helps!
