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3 years ago

The ________ method adjusts net income to find net cash provided by operating activities.

Business

1 answer:

Vaselesa [24]3 years ago

4 0

Answer:

indirect

Explanation:

The indirect method adjusts net income to find net cash provided by operating activities.

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Journalize the following transactions in the general journal: Sept. 1 Sold common stock for cash $60,000. 1 Paid rent for the mo

faust18 [17]

Answer: See explanation

Explanation:

September 1:

Debit Common stock $6000

Credit: Cash $60000

September 1:

Debit: Rent $1500

Credit: Cash $1500

September 3:

Debit: Cash $10000

Credit: Note payable $10000

September 3:

Debit: Cleaning Equipment $5,500

Credit: Cash $3,000

Credit: Account payable $2,500

September 4:

Debit: Supplies $4200

Credit: Cash $4200

September 10:

Debit: Cash $3500

Credit: Service revenue $3500

September 21:

Debit: Account receivable $3800

Credit: Service revenue $3800

September 23:

Debit: Account payable $2500

Credit: Cash $2500

September 28:

Debit: Bank $2800

Credit: Account receivable $2800

September 29:

Debit: Electricity expense $85

Credit: Electricity payable $85

September 30:

Debit: Wages $1950

Credit: Cash $1950

September 30:

Debit: Gasoline $275

Credit: Cash $275

September 30:

Debit Dividend $900

Credit Cash $900

3 0

3 years ago

What is broad averaging, and what consequences can it have on costs?

mrs_skeptik [129]

What is broad averaging, and what consequences can it have on costs? Broad averaging is when a company or organization spreads the cost of resources across different objects to help the individual products or services stay equal. When a company does this they are assigning the costs of resources uniformly to cost objects. Broad averaging directly relates to costs because they can mislead an organizations data reports by spreading out the costs inappropriately.

7 0

3 years ago

Read 2 more answers

If you found that the total of the debits column of the trial balance for a company is $200,000, while the total of the credits

jarptica [38.1K]

Some accounting errors that cause the difference between the debits and credits columns of the trial balance are as follows:

Data entry errors
Errors of omission
Errors of commission
Errors of transposition of one side of the entry
Compensating errors
Errors of duplication
Errors of principle
Errors of entry reversal

These errors are called accounting discrepancies. They are not intentional mistakes, but they often occur.

Thus, to forestall accounting errors, every company requires good accounting software to record its transactions, while the accounting staff should be adequately trained.

Learn more about the accounting errors that cause the trial balance not to balance at brainly.com/question/25671653

3 0

3 years ago

One of the reasons why the AD curve slopes downward is that as theA. Price level rises, purchasing power rises.B. Price level fa

8090 [49]

Answer: Option (B) is correct.

Explanation:

If the price of a commodity decreases, as a result purchasing power of a consumer increases. This is one of the reasons why the AD curve slopes downward.

Suppose there is a fall in the price of a commodity, this will increase the demand for that commodity as well as the purchasing power of the consumer.

Because with a lower price of the commodity, individuals can buy more quantity of goods with the same level of income.

4 0

3 years ago

The treasurer of a major U.S. firm has $26 million to invest for three months. The interest rate in the United States is .26 per

nika2105 [10]

Answer:

US investment value $ 26,202,800.00

UK investment value $ 26, 108,877. 58

Explanation:

Investment in US dollars invested in US:

$26,000,000 x (1 + 0.0026 x 3) = $26,202,800

Investment in US invested in Great Britain:

Conversion at spot rate

26,000,000 x 0.626 = £16,276,000

Interest earned;

£16,276,000 x (1 + 0.0030 x 3) = £16,422,484

Conversion at forward rate:

£16,422,484 / 0.629 = $26,108,877,58

7 0

3 years ago