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Bingel [31]
3 years ago
9

The order of presentation of activities on the statement of cash flows is a.operating, investing, and financing. b.operating, fi

nancing, and investing. c.financing, operating, and investing. d.financing, investing, and operating.
Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

a.operating, investing, and financing.

Explanation:

  • There are three categories of cash flows as the operation, investing and the financial activities and includes the cash activities related to the net income and financing activities include the activates related to the non current liabilities and the owner's equity.
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How would the issuance of common stock for cash affect the accounting​ equation?
shepuryov [24]

Answer:

Explanation:

The journal entry to record the given transaction is shown below:

Cash A/c Dr XXXXX

    To Common stock A/c XXXXX

(Being the issuance of the common stock is recorded)

The accounting equation is

Total Assets = Total liabilities + Stockholder equity

Cash Increased = No effect    + Increased

Therefore, the cash account and the common stock is increased.

3 0
3 years ago
Tyler Smithson owns Joe on the Run, a small chain of three cof- fee shops, all of which are facing a challenge that is common to
prohojiy [21]

Answer:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops  and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

Explanation:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops  and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

7 0
3 years ago
The treaty of _____ established the european economic community (eec) in 1957 and called for common external tariffs and the gra
Zina [86]
The answer is the Treaty of Rome. The treaty of Rome was established to create a certain establishment between the European countries. In this treaty, they were able to create single markets for products and labor. They were able to create policies that had benefitted the agricultural sectors of the European Union as well as lessen the burden of transporting goods from one destination to another
7 0
4 years ago
Read 2 more answers
III
klio [65]

Answer:

<h2>W Smith, a sole trader</h2>

Identification and Explanation of Highlighted Accounting Concepts and Treatment in the Final Accounts:

1. Economic Entity: The business (economic entity) is separate from the individual (W. Smith).  Accounts are kept to ensure this separation of ownership from the business.  This withdrawal is treated as Drawings, a reduction of capital (owner's equity) in the balance Sheet.

2. Consistency concept:  This concept requires that an accounting estimate or principle is consistently applied.  However, if there is a change in an accounting estimate, the effect of the change needs to be disclosed in the final accounts.

3. Going concern concept:  A business is assumed to continue indefinitely in life.  Therefore, assets and liabilities are stated at their cost or fair values.  Where there is a contrary view, this must be disclosed and accounts be kept to reflect the revised view.  Then, assets and liabilities will reflect market or disposal values.

4. Materiality concept:  This concept requires that values in accounts be material.  Though, materiality is a matter of judgement, a threshold can be established based on the value of the individual item to the value of the business.  Will its disclosure or not affect decisions of a knowledgeable investor or analyst, is a consideration under the materiality concept.  The office stationery can be expensed in the income statement if the amount involved is not material, even though, they will continue to be used in the business for more than a year.  This somehow contradicts the concept of the matching principle.

5. Accrual Concept:  The concept states that "Revenue is recognized when earned, and expenses are recognized when assets are consumed," and not when cash is received or paid.  This unpaid electricity bill for £900 must be accrued in the income statement as an expense and treated as a liability in the balance sheet in line with the accrual concept.

Explanation:

These are the basic accounting concepts:

1. Accruals concept

2. Conservatism concept

3. Consistency concept

4. Economic entity concept

5. Going concern concept

6. Matching concept

7. Materiality concept

7 0
3 years ago
Sheffield Company owns equipment that cost $1,053,000 and has accumulated depreciation of $444,600. The expected future net cash
Pani-rosa [81]

Answer:

Explanation:

The journal entry is shown below:

Loss on impairment A/c Dr $140,400

       To Accumulated impairment loss A/c $140,400

(being the impairment loss is recorded)

The computation is shown below:

= Carrying value of the equipment - fair value of the equipment

where,

Carrying value of the equipment would be

= Cost of the equipment - accumulated depreciation

= $1,053,000 - $444,600

= $608,400

So, the loss would be

= $608,400 - $468,000

= $140,400

7 0
3 years ago
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