Answer:
A) $3,000
Explanation:
Accrual accounting requires that revenue should be recognized only as the earning process is being completed, so in this case, only four months (September, October, November and December) worth of revenue can be recognized as such = $9,000 x 4/12 = $3,000
The remaining $6,000 will be included in the balance as a liability account: unearned revenue.
banks basically make money by lending money at rates higher than the cost of the money they lend.
Which is basically, they charge for deposits and they collect interest from loans and interest payments
Answer:
B. Combination
Explanation:
Firefighting can be defined as a strategic approach or technique which typically involves the process of attempting to prevent and control the spread of an unwanted fire in buildings, vehicles or any other location (place).
Basically, the professionals or experts who are saddled with the responsibility of preventing or controlling this unwanted fire are known as fire fighters.
An attack which is typically performed from a hallway or doorway is known as combination.
Answer:
It is called <u>discounting</u>
Explanation:
Hope your day goes well !!! :)
Answer:
$87,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow of cash while an increase in liabilities is an inflow of cash.
Hence the net cash from financing activities
= -$72,000 + $159,000
= $87,000
Other activities are either operating or investing activities.
