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3 years ago

Which cash flows should be included in the Investing Section of the statement of cash flows under US GAAP?

1 answer:

3 0

Under US GAAP, the cash flows that should be included in the Investing Section of the Statement of Cash Flows are purchases of physical assets, investments in securities, or the sale of securities or assets.

This implies that US GAAP does not allow interest paid or received and dividends received to be classified under the Investing Section, unlike IFRS that gives entities the flexibility to classify the above items as either investing or financing activities.

Instead, the US GAAP requires that the above items are classified as operating cash flows.

Thus, the only cash flows that are included in the Investing Section of the statement of cash flows under US GAAP are cash flows (inflows and outflows) related to long-term physical assets and investments.

Learn more about the Investing Section of the statement of cash flows under US GAAP here: brainly.com/question/18568838

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If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00

Eduardwww [97]

Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit

Explanation:

According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.

If 45 workers are hired, they would cost:

= 45 * 105 per worker

= $4,725

Added to the fixed cost, the total cost would be:

= 4,725 + 1,500

= $6,225

The profit would be:

= Revenue - cost

= 7,425 - 6,225

= $1,200

3 0

3 years ago

Zenon Inc. has the following taxable income: U.S. source income $ 1,900,000 Foreign source income 240,000 Taxable income $ 2,140

Colt1911 [192]

Answer:

The income tax is $81,600

Explanation:

In this question, we are asked to compute the foreign tax income for Zenon Inc assuming the foreign source income does not qualify as FDII

To compute this, we employ a mathematical approach.

Mathematically,

The income paid by Zenon Inc = Foreign credit Tax limitation * Foreign source income/taxable income

We identify the parameters in the equation as follows;

Foreign tax limitation = Taxable income * tax rate

Where the tax rate for the US is 34% or simply 0.34

Foreign tax limitation = 0.34 * 2,140,000 = $727,600

Foreign source income = $240,000

Taxable income = $2,140,000

Income paid = 727,600 * 240,000/2,140,000 = $81,600

5 0

4 years ago

Fatima finds an article on march 16, 2014 titled "benefits of laptops" on the technologynow website. the article was written on

padilas [110]

In citing the source in MLA format, Fatima should place the title as the first to be read or written, followed by the author and citation in the end. So it should be, “Benefits of Laptops” by Michael Gray. Technology Now, August 2, 2013. Web. March 16, 2014.

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4 years ago

Read 2 more answers

Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee

Oliga [24]

Answer:

Compensation.

Explanation:

According to the information in the question above, it can be said that Carlos is exercising the function of compensation management. His functions are related to the compensation that employees receive for carrying out their work. Compensation managers are also responsible for maintaining the rules of benefits in compliance with management and legality, in addition to developing strategies that assist in retaining and hiring employees and all types of data and information on compensation in the organization.

3 0

3 years ago

The advent of containerization has:

Firdavs [7]

Answer:

The correct answer is letter "E": significantly lowered the costs of shipping goods over long distances.

Explanation:

Containerization is the method of transporting goods in containers. These technique has become standard in freight transport having regulated the dimensions and maximum capacity of materials being moved. One of the big advantages containerization has provided is to transport different materials from different entities all together which implies sharing the costs of the same container, something that lowers the price of the transportation regardless if it is domestic or international.

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3 years ago