The investing section is the only section that differs between the direct and indirect methods of preparing the statement of cash flows.
The cash flow direct method determines the change in cash receipts and payments reported in the Cash Flows from Operations section. The indirect method adds or subtracts net income earned in a period to calculate changes in asset and liability accounts to determine implied cash flows.
The indirect method adjusts income statement items directly in the cash flow statement based on operating cash inflows and outflows. This method provides a more logical representation of cash flow. Under the indirect method, operating cash flows are calculated on an accrual basis.
Learn more about the indirect method at
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Answer:
$15,000
Explanation:
Realized gain is the profit that is exceeded from the expense for a particular years. Realized loss is the loss that resulted from the excessive expense.
To determine the net realizable gain or loss, we can use the following formula -
Realizable Gain (loss) = Sale amount of tangible assets + mortgage purchasing - purchase price
Given,
Sale amount of tangible assets = $30,000
purchase price = $85,000
mortgage purchasing = $70,000
Putting the value into the formula, we can get-
Realizable Gain (loss) = $30,000 - $70,000 - $85,000
Therefore, Realizable Gain (loss) = $15,000
Answer:
Answer: To protect inner layers
Explanation:
Just took the test and it told me the correct answer
The answer to the question above is "animism" which is the term for the situation explained on the question above. Animism is a term that explains a situation where a person describes an unliving object as a living creature. In the passage above, Marcy was treating the table as a living creature, thus, "animism" is the best answer for the question above<span>.</span>
In the freezer where it is very cold