In its reconciliation schedule, Ash Mountain Enterprises (AME) should adjust the reported interest expense of $11,000 on its outstanding bonds to reflect the actual cash payments made during the year.
As AME paid its regular installments of $9,000 of interest in cash, this amount should be subtracted from the reported interest expense of $11,000 to arrive at the adjusted interest expense of $2,000.
This adjustment is necessary because the income statement reports expenses on an accrual basis, which means that expenses are recognized when they are incurred, regardless of when the actual cash payment is made. On the other hand, the statement of cash flows reports cash flows on a cash basis, which means that cash payments are recorded when they are actually made.
By preparing a reconciliation schedule that compares the income statement with the statement of cash flows on both the direct and indirect method bases, AME can ensure that its financial statements are accurate and complete. This helps to provide a clear and transparent picture of the company's financial performance, which is important for stakeholders such as investors, creditors, and regulators.
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Or False
Answer:false Explanation:
Answer:
False
Explanation:
Copyright exists from the moment the work is created.
Answer:
B
Explanation:
Conversion costs are those costs incurred in converting raw materials to finished products and includes costs of direct labour(wages and salaries paid to workers who are directly involved in production process).
Since costs of production comprises of direct material costs,direct labour costs ,direct expenses(costs of packaging for instance) and all indirect costs ,it would be safe to say costs of conversion is only a part of costs of production
Conversion costs are part of a Cost of Production Report, including the costs associated with converting direct materials into finished goods. They contain direct labor costs and overhead costs related to the manufacturing process. Other cost categories are also part of the report.
The answer is B. Conversion costs are actually part of a Cost of Production Report that detail the costs involved in converting direct materials into finished goods. They encompass the sum of direct labor cost and overhead costs associated with the manufacturing process. However, the report also includes other cost categories.
For instance, you might have some materials that you need to convert into a finished product. The cost of labor and the overhead costs (rent, utilities, and other costs associated with the production process but not directly tied to a particular item) are your conversion costs.
Total conversion costs for the period divided by total equivalent units of direct materials cost for the period does not define conversion costs but rather can be used to calculate the cost per equivalent unit of conversion cost for a given period.
#SPJ6
never have negative feelings again
b. have developed more negative feelings
never understand why they felt as they did
d. have developed more coping skills
C.
Coping skills enable you to tolerate, reduce, and deal with stressful situations in your life. Stress management can help you feel better physically and psychologically, and it can affect your ability to perform at your best.
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Answer:
D
Explanation:
edge 2020
Answer: $89,000
Explanation: Cash collected from customers is the is the total amount of money paid by the those customers who purchased the commodity on credit previously.
Cash collected can be calculated using following formula :-
cash collection = opening receivables + revenue - closing receivables
putting the values into above equation, we get :-
cash collection = $26,000 + $118,000 - $55,000
= $89,000