A fiscal year is a 12-month financial planning period that may or may not coincide with the calendar year.
Thomas Jefferson's decision to initiate the Louisiana Purchase in 1803 was an early example of the exercising of an inherent type of presidential power.
Inherent powers are the powers held by a sovereign state that is a nation or a state free from interference in it's political, financial and other aspects from foreign elements. In the United States of America, the President derives these powers from the words "the executive powers shall be vested in the President".
Hence, the President has the supreme power to determine how vehemently a law can be enforced, whether it is maximizing or minimizing it's results, it rests completely with the President.
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I believe it would be the answer B
Answer: The answer is e. $264,000 of net cash provided.
Explanation:
Marjorie Company
Statement of cash flows
Purchase of equipment ($260,000)
Proceeds from sale of equipment 87,000
Purchase of land (91,000)
Net cash flows from investing activities $264,000
Solution :
Date Account Debit($) Credit($)
April 2 Cash 27,330
Equipment 14,650
Capital 41,980
April 2 No journal is required on hiring employee
April 3 Supplies 338
Accounts payable 338
April 7 Rent expense 590
Cash 590
April 11 Accounts receivable 929
Service revenue 929
April 12 Cash 3021
Unearned service revenue 3021
April 17 Cash 2535
Service revenue 2535
April 21 Insurance expense 101
Cash 101
April 30 Salary expense 1352
Cash 1352
April 30 Supplies expense 138
Cash 138
April 30 Computer 5841
Capital 5841
