The answer is:
Workspaces
People that train to be a pilot or car mechanic usually practice in a virtual workspace.
b. Avoidance
c. Collateral
d. Restricted
B) Cash flows provided by operating activities 12,000
C) Cash flows used by investing activities (8,000)
D) Cash flows provided by financing activities 9,000
What is the ending cash balance?
Answer:
$27000
Explanation:
Given: Beginning Cash balance $14,000
Cash flows provided by operating activities 12,000
Cash flows used by investing activities 8,000
Cash flows provided by financing activities 9,000
Now, calculating the ending cash balance:
Ending cash balance is calculated by subtracting cash outflow from cash inflow.
∴ Ending cash balance=
Ending cash balance=
∴ Ending cash balance for December 31, 2019 is $27000.
b. A cash reserve
c. Equity
d. Insurance
B. Prepares and sends the quotation
C. Prepares and sends the invoice
Answer:
C. Prepares and sends the invoice
Explanation:
The statement "Accrued liabilities are obligations for which there is no
external transaction" is FALSE because accrued liabilities are obligations that a company has incurred but has not yet paid for or recorded.
Accrued liabilities, also known as accrued expenses, represent a company's financial obligations that have been incurred but not yet recorded in its financial statements or paid.
They are a result of the accrual accounting method, which requires revenues and expenses to be recognized when they are earned or incurred, rather than when cash is received or paid.
These liabilities typically represent expenses that have been incurred but not yet invoiced or paid, such as wages, interest, or taxes. Although there may not be an external transaction that has occurred (like receiving an invoice), accrued liabilities still represent real obligations that the company is responsible for paying.
Learn more about Accrued liability here:
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