User Account

All Pages

How will the sale be reported on the statement of cash flow

Assignment Help Accounting Basics
Reference no: EM132786743

Problem 1: Butt company recognized $24,000 of revenue on the cash sale of merchandise that cost $11,000 How will the sale be reported on the statement of cash flows?

A. Cash inflow from investing activities.

B. Cash inflow from operating activities.

C. Cash inflow from financing activities.

D. Cash inflow from principal activities.

Problem 2: When a company recognizes cost of goods sold, how does that event impact the elements of the financial statement? (ignore the effects of recognizing sales revenue.)

A. Assets increase.

B. Liabilities increase.

C. Stockholder's equity decreases.

D. Dividend decrease.

Reference no: EM132786743

Questions Cloud

Adopting new technologies based on experience : Recall your technology experience in the workplace or at hoy. When adopting a new technology, what specific problems were you or your employer trying to resolve
Why was maintaining a culture important to slaves : After reading the first hand accounts of slaves provided or others available at the North American Slave Narratives Project. Explain what you see at the most.
What is the gross margin for olly company : Olly Company is a merchandising business that sells dog food. Based on the following information, What is the gross margin for Olly company?
Determine spot exchange rate of country : In the coming year, as the COVID-19 pandemic eases and the Federal government increases its expenditure, the economic recovery in the US is likely
How will the sale be reported on the statement of cash flow : Butt company recognized $24,000 of revenue on the cash sale of merchandise that cost $11,000 How will the sale be reported on the statement of cash flows?
Explain the difference between data and information : Explain the difference between data and information. Identify the categories of data that you supplied on your college application
Write brief memo for the payroll manager with recommendation : The payroll department would like to see a more structured, Write a brief memo for the Payroll Manager with your recommendation for a new process.
How could public have known that fraud was being perpetrated : How could the public have known that fraud was being perpetrated? How did the business hide the fraud from its clients/the public?
What are the countries included in continent of australia : What are the countries included in the continent of Australia? Is Australia continent the same as Oceania? Explain.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd