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irina1246 [14]
2 years ago
10

the starting point for preparing the operating activities section using the indirect method is ______.

Business
1 answer:
insens350 [35]2 years ago
3 0

Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.

  • Net income is simply known to be the gross profit and removing  all other expenses, costs and any other income and revenue sources that are not included in gross income.

A lot of other costs is often removed from gross to make it be at net income. They  include interest on debt, taxes, and operating expenses or overhead costs.

Learn more from

brainly.com/question/19850768

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The recording of business transactions is a basic part of financial reporting and is referred to as:.
Karo-lina-s [1.5K]

The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>

<h3>What is Bookkeeping?</h3>

Bookkeeping is the process of recording financial transactions.  It entails preparing reference papers for all company transactions, activities, and other occurrences.

The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.

Learn more about Bookkeeping here:

brainly.com/question/25572872

4 0
2 years ago
A----- is a plan in which an individual balances available resources and expenses.
Simora [160]

A<u> "budget"</u> is a plan in which an individual balances available resources and expenses.


Budgeting is the essential way that you can take control of your accounts. Basically, a budget is a composed arrangement for how you will spend your cash. You can make a month to month or a yearly spending plan. The budget enables you to settle on money related choices early, which makes it less demanding to cover every one of your costs consistently. Budgeting reliably can enable you to turn your accounts around and start to fabricate riches.

3 0
3 years ago
Read 2 more answers
Carley Company purchases a new delivery truck for $45,000. The sales taxes are $3,000. The logo of the company is painted on the
disa [49]

Answer:

$49,420

Explanation:

5 0
3 years ago
Who has qualified for the world cup 2018?
irga5000 [103]
Russia, Iran, Japan, South Korea, Mexico, Brazil, Arabia and Belgium
7 0
3 years ago
Olivia Company, whose reporting year ends on December 31st, purchased a vehicle for $50,000 on March 12th, 2018. The vehicle’s e
Trava [24]

Answer:

$12,600

Explanation:

If Olivia Company uses the units of production depreciation method, we must calculate the depreciation cost per mile:

depreciation cost per mile = (purchase cost - salvage value) / total miles driven

depreciation cost per mile = ($50,000 - $5,000) / 250,000 miles

depreciation cost per mile = $45,000 / 250,000 = $0.18 per miles

Now we multiply by the total miles driven the first year times the depreciation cost per mile = 70,000 units x $0.18 per unit = $12,600

5 0
3 years ago
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