Answer:
The correct answer is C
Explanation:
Longminuslived assets are those assets which are termed as the long term assets, and its example are property, plant, land, building, furniture and fixtures.
Cash flow statement is the financial statement which provides the total data in relation to all the cash inflows receives from its ongoing operations of the company and external sources of the investment. The statement also involves the cash outflows which is paid for the business investments and activities during a period.
So, the transaction which is not involved in the statement is the disposing of the assets for the no cash proceeds.
Answer:
Allows more rapid identification of errors and consequent remedial action than is possible with annual physical inventory
Explanation:
Cycle counting is a prominent stock tallying arrangement that enables organisations to include various things in various zones inside the distribution centre without calculating the whole stock. Cycle checking is an inspecting method where the count of a specific number of things derives the mean the entire distribution centres. It also helps in the identification of errors.
Cycle counting offers advantages such as rapid error identification and maintains accurate records, making annual inventories more manageable and reliable. It requires detailed records just like annual inventories and needs to be performed on all inventory items for effectiveness.
Among the advantages of cycle counting is that it allows for a more rapid identification of errors and enables quick remedial action, which can be more efficient than what is possible with an annual physical inventory. This ongoing process can help make the annual physical inventory more acceptable to management, as it ensures that inventory records are accurate throughout the year. However, it's important to note that cycle counting still requires detailed records similar to annual physical inventory and needs to be performed even for less expensive items to maintain accuracy. While it may not require highly trained people, sufficiently trained personnel are essential to perform cycle counting effectively, especially when identifying and correcting errors.
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b. can go up or down based on factors in the credit market.
c. will stay the same during the entire term of the loan.
d. transfers part of the interest risk from the lender to the borrower.
Which of the following does NOT appear on a credit report?
a. debt
b. condition of debt
c. risk level rating
d. photo of debtor
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.
For more about reconciliation:
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Answer:A
Explanation:
False
Answer:
True
Explanation:
I would say this statement in TRUE. Here is my reasoning: Data collection is information learned by a business. For example: If you are a moving company and you paid for a TV commercial. Wouldn't you like to know how many people are calling you for moves based on that commercial? Of course. So asking your customers "where did you hear about us?" and hearing "The TV commercial" can identify that not only is your commercial working but that it is paying for itself with the business coming your way. Data collected is a GREAT way to run a business successfully.