1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksju [112]
2 years ago
8

In preparing a statement of cash flows under the indirect method, a decrease in accounts receivable would be reported as a(n): M

ultiple Choice Addition to net income in the operating activities section. Investing activity. Financing activity. Deduction from net income in the operating activities section.
Business
1 answer:
denpristay [2]2 years ago
8 0

Answer:Addition to net income in the operating activities section

Explanation:

You might be interested in
State x requires that persons who prepare and serve liquor in the form of drinks at commercial establishments be licensed by the
sasho [114]

Yes.  He don’t have to pay and the bartender could get arrested for failing to renew the licence

4 0
3 years ago
You are a project consultant for the ACME Company and are helping to develop an agile method using Scrum. The company has always
AlekseyPX

Answer:

AGILE SYSTEM is very significant idea in the IT industry, which is relating to a system of project administration particularly for software development. It primarily includes in separation of errands into various stages and valuation of those tasks to accept new plans to improvise the procedure. It includes in development, growth, continues enhancement of procedure. The values helps to grow many software’s. As a project consultant, I choose these ideologies to progress various methods to start a pilot for agile.

Scrum is a subcategory of agile, which supports to grow project administration procedure in a specific way. A Scrum procedure is distinct from other agile procedures by specific ideas and follows. Scrum is most frequently used to achieve complex software and product development procedures by using iterative practices. Which rises productivity and decreases time. Scrum procedures supports organizations to regulate to the regular changes in the software to meet the commercial goals properly. Which mainly assistance to:

  1. Enhance the quality
  2. Maintenance for the regular changes
  3. To approximation proper program to complete the job
  4. Supports more to regulator the project schedule

PROPOSAL:

TRAINING: Training is very much supportive at emerging various software’s with a collaboration of several cross functional groups. Which supports to stay operative and to be intelligent to change quickly as per the rapid variations. However, traditional project administration procedures tried to understand the motives for change but now which supports to work as per the rapid changes. For this, training from the authorities is more necessary

DEVELOPMENT AND EXECUTION: Agile Project Administration offers a set of outlines that shelters the people, goods and practices for effective application of projects in the modern business environment. Agile is now used to achieve any form of occupational change. Numerous courses assistance diverse investors within a project can fully comprehend precisely how to work within an agile situation.

Which is possible through.,

  • AUTHORIZING BUSINESS TO DRIVE THE EFFORT
  • PROVIDING ADMINISTRATION SUPPORT
  • DEVELOPMENT SEVERAL PLANS THROUGH
  • PRODUCT APPARITION
  • PRODUCT ROAD MAP
  • SPRINT PLAN
  • EVERYDAY PLAN
  • DISCHARGING THE PLAN

All these help to start a pilot for agile

4 0
3 years ago
A company has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
Galina-37 [17]

Answer:

  • Dr Bad Debt expense 6,000
  • Cr Allowance for Doubtful Accounts account 6,000

Explanation:

The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.

But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000

That way the ending balance = $6,000 - $1,200 = $4,800

The journal entries should be:

  • Dr Bad Debt expense 6,000
  • Cr Allowance for Doubtful Accounts account 6,000

3 0
3 years ago
A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash. A corporation issued 2,500 shares of no-par c
lapo4ka [179]

Answer:

Journal Entries Transaction

1.

Dr. Cash                                                                    $120,000

Cr. Common stock                                                   $100,000

Cr. Paid-in capital excess of par, Common stock  $20,000

2.

Dr. Company expenses                                                        $22,000

Cr. Common stock, $1 stated value                                     $2,500

Cr. Paid-in-capital excess of stated value common stock $19,500

3.

Dr. Company expenses                 $22,000

Cr. Common stock, no-par value  $22,000

4.

Dr. Cash                                                                   $53,250

Cr. Preferred stock, $25 par value                         $31,250

Cr. Paid-in capital excess of par preferred stock  $22,000

Explanation:

1. The Excess of common stock and cash received will be recorded in the Paid in capital in excess of par value, common Stock account.

Common Stock, $20 Par Value = 5,000 shares × $20 per share = $100,000

Paid in capital in excess of par value, common Stock = $120,000 – $100,000 = $20,000

2.The Excess of common stock and cash received will be recorded in the Paid in capital in excess of stated value, common Stock account.

Common stock = $1 x 2,500 = $2,500

Paid-in capital in excess of stated value, common stock = $22,000 - $2,500 = $19,500

4. The Excess of common stock and cash received will be recorded in the Paid in capital in excess of par value, common Stock account.

Preferred Stock, $25 Par Value = 1,250 shares × $25 per share = $31,250

Paid in capital in excess of par value, preferred Stock = $53,250 – $31,250 = $22,000

6 0
3 years ago
Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory syste
inessss [21]

Answer:

The journal entries are recorded below;

Explanation:

July 1.

1. Inventory   Dr.$6,700

  Accounts Payable Cr.$6,700

2. A/R Creek Co.    Dr.$950

   Sales Revenue   Cr.$950

Cost of Goods Sold Dr.$558

Inventory                  Cr.$558

3. inventory   Dr.$125

   Cash          cr.$125

8.  Cash          Dr.$2,400

     Sales Revenue Cr.$2,400

Cost of Goods Sold    Dr.$2,000

Inventory                     Cr.$2,000

9. Inventory      Dr.$2,400

  Accounts Payable-Leight Co   Cr.$2,400

11. Accounts Payable Dr.$400

 Inventory                 Cr.$400

12. Cash                  Dr.$931

    Discount Allowed Dr.$19

    A/R CreekCo.         Cr.$950

16.  Accounts Payable   Dr.$6,700

     Bank                            Cr.$6,566

    Inventory                      Cr.$  134

19. A/R Art Co       Dr.$1,200

    Sales Revenue  Cr.$1,200

Cost of Goods Sold   Dr.$800

Inventory                    Cr.$800

21. Allowance on Goods Dr.$200

   A/R Art Co.                   Cr.$200

24.  Accounts Payable     Dr.$2,400

      Bank                            Cr.$2,352

      Inventory                     Cr.$48

30.   Bank     Dr.$1,000

       A/R Art Co.(1,200-200)  Cr.$1,000

31. A/R Creek Co.   Dr.$6,900

    Sales Revenue   Cr.$6,900

Cost of Goods Sold    Dr.$5,500

Inventory                    Cr.$5,500      

7 0
3 years ago
Read 2 more answers
Other questions:
  • Overextended Debtor. Dennis purchased a big screen television from ABC Electronics and financed the purchase through ABC Electro
    5·1 answer
  • An investor seeking to recover stock market losses from a CPA firm associated with an initial offering of securities based on an
    10·1 answer
  • Due to Coronavirus, all of the stock markets and businesses and our overall economy is failing, but companies that are producing
    15·2 answers
  • A manufacturing firm is deciding whether or not to invest in a new printer that needs an initial investment of $150,000. The inv
    8·1 answer
  • When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After the price falls to $1.35 each, 510 hot dogs are
    11·1 answer
  • A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.5%, and sells for $1,150. Interest is
    9·1 answer
  • Which of the following is not an interest earning account?
    11·1 answer
  • Perdue Company has purchased equipment that requires annual payments of $30,000 to be paid at the end of each of the next 6 year
    10·1 answer
  • What is the fifth principle of money?
    8·1 answer
  • Which pricing tactic should most likely be used when marketing organization are targeted quality-conscious consumers?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!