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Sloan [31]
3 years ago
15

If the account is interest bearing, how would you account for the interest when you reconcile your account?

Business
1 answer:
galina1969 [7]3 years ago
7 0

Answer:

the answer is 1 I do in fact think

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Which of the following is a reason cash flows may differ from accounting income? The total number of units sold will be differen
Inessa05 [86]

Answer:

1. Depreciation is a tax-deductible expense but is not a cash outlay.

2. They are the difference between the cash flows the firm will have if it accepts the project versus the cash flows it will have if it rejects the project.

Explanation:

1. Depreciation as a non-cash outlay is removed from the Net Income when it is calculated for tax purposes. However, when calculating the Net Cash-flow, it is added back because the Cash-flow statement deals with how much actual money the business has and because depreciation does not actually take any money, it would need to be added back in the cash-flows as opposed to Accounting income where it is removed.

2. Incremental Cash-flows get their name from the fact that they will add income to a firm. This cash-flow comes if the company accepts a project as opposed to rejecting it and the cash they get from this increases their cash-flow making it <em>incremental. </em>

5 0
4 years ago
The following information relates to Schmidt Sausage Co.'s defined benefit pension plan during the current reporting year: ($ in
pav-90 [236]

Answer:

400 dollars is expected on the year and return the asssests as 40 actual return is actually 32 but then u add a little and get 60 so then you lose 8 dollars because your mom wanted u to buy something for her then retiree from your job and get 9 dollars of benefit that you need the amount of a pension plens assest a fair in december 33

Explanation:

3 0
3 years ago
I got some answers here on brainly and all of your answers were wrong?
cricket20 [7]

Answer:

LOL BRO Thats how I be sometimes

4 0
3 years ago
2. [5 pts] Consider the following events: Scientists reveal that eating oranges decreases the risk of diabetes, and at the same
REY [17]

Answer:

there would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price

Explanation:

as a result of the scientists revelation, the demand for oranges would increase and so would the price.

as a result of the new fertilisers been used, the supply of oranges would rise and price would fall.

taking these two occurrences together, there would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price

8 0
4 years ago
A company received an order from a customer in June for services to be provided. Those services were provided in July, and the c
scZoUnD [109]

Answer:

B. July

Explanation:

The principle of revenue recognition arises whenever the income is realized or earned whether cash is collected or not and it also supports the accounting accrual basis. Realizable here means that the customer obtains the product however the payment is made afterward.

So, in the given case, the service is provided in the July month and the same is to be recorded on the July month

8 0
3 years ago
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