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Classification of various cash flows in to Operating, Investing or Financing activities.
Cash Flow Classifications
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
1. Cash receipts from selling merchandise 2. Cash payments for wages and salaries 3. Cash proceeds from sale of stock 4. Cash purchase of equipment 5. Cash dividends paid 6. Cash received from bank loan 7. Cash payments for inventory 8. Cash receipts from services rendered 9. Cash payments for taxes 10. Cash proceeds from sale of property no longer needed as expansion site
Finding out the oppurtunity cost and Which of the following is an example of a variable cost
Government accounts items requiring passing of journal entries in the General Fund - preparation of fund financial statements, prepare the appropriate journal entries in the General Fund
Questions on DTA and temporary differences - Relationship between the amount funded and the amount reported for pension expense
Purpose income statements for each year using absorption costing.
Determine the working capital for the current period? What has caused this ratio to change over the last few years?
Present arguments in favor of cost allocation Does cost allocation provide relevant information? Would a current-value approach to computation of fixed assets be preferable? Why?
Write the journal entry to show the effects of (a) signing the note and the receipt of the cash proceeds on Aug 1, 2009. (b) Recording the interest expense for the month of September. (c) Repaying the note on December 31, 2009.
A physical inventory count is taken when using which of the following inventory methods and Ending inventory is equal to the cost of items on hand
Preparing the bank Reconciliation Statement and Prepare bank reconciliation as of 31 Oct from the following
The Pitney Company's sales are 40% cash and 60% credit. 50% of credit sales are collected in the month of sale, 30% in the month following the sale, and 20% is collected two months after Accounts receivable at the end of August are?
Evaluate the material purchase price variance and the material quantity variance and evaluate the labor rate, labor efficiency, and total labor variance.
Journal entries for paid balance due on the Merchandise Inventory purchase
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