Answer:
cash <u>used</u> for investing activities 19,000
Explanation:
The indirect mehtod impact the calculations for operating activities.
The investing and financing activities balance will be the same on both method.
Investing activities: purchase and sale of long term assets and securities trading:
proceeds from sale of equipment 48,000
purchase of equipment (67,000)
cash <u>used</u> for investing activities 19,000
Answer: Option (a) is correct.
Explanation:
A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower than the other country.
A country has a absolute advantage in producing a commodity whose production require less number of resources than the other country.
A country exports the commodity in which it has a comparative advantage and imports commodity in which it has a comparative disadvantage.
Therefore, if both the countries decide to trade then Belarus should export linen to Russia.
Answer:
b
Explanation:
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Answer:
a.Perishable items must have an actual physical flow of FIFO
Explanation:
- Cost flow estimates are required to determine the cost of goods sold and to end inventory. Companies make some ump habits about what goods are sold and what items are listed (as a result of various accounting methods).
- Financial reporting and tax benefits and the actual movement of goods are not required to be accepted
- The continuous inventory system may have different end inventory and COGS yields compared to the periodic inventory system due to LIFO's calculation time and weighted average cost flow estimates.
- Reducing or exceeding the lower price of goods sold when prices fall or rise
That statement is true
the debt that secured through your principal residence that is used to refinance qualified principal residence indebtedness is treated as qualified principal residence indebtedness. The interest deduction is limited because <span>, the refinance that are allowed for exclusion only takes up to the amount of the old mortgage </span>principal