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Harlamova29_29 [7]
2 years ago
7

Cordell Inc. experienced the following events in Year 1, its first year of operation:Received $55,000 cash from the issue of com

mon stock. Performed services on account for $77,000. Paid a $5,500 cash dividend to the stockholders. Collected $61,000 of the accounts receivable.Paid $55,000 cash for other operating expenses.Performed services for $16,500 cash. Recognized $2,500 of accrued utilities expense at the end of the year.
Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, IA for investing activity and NA to indicate the element is not affected by the event.

Business
1 answer:
jonny [76]2 years ago
7 0

Answer:

See the explanation box

Explanation:

See the image to get the answer:

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If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?
SSSSS [86.1K]

Answer:

Roth IRA account

Explanation:

The best type of account that you should save money in for Retirement is a Roth IRA account. This will allow you to put and save a maximum of $5,500 USD per year which will compound annually with interest and can be redeemed when you retire. Once you redeem your money at the age of 65 1/2 it will be completely tax-free. Meaning you have no liabilities with that money whatsoever and you can simply enjoy your retirement with that money.

7 0
2 years ago
On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On Mar
saveliy_v [14]

Answer:

b. Net Income

e. Cash from Investing Activities

Explanation:

Calculation to determine Which of the following items would be increased by the sale of the marketable securities

Using this formula

Gain from investment = Selling price of the security - Value of the security

Let plug in the formula

Gain from investment= $93,000 - $85,000

Gain from investment= $8,000

Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.

Therefore the items that would be increased by the sale of the marketable securities are :

b. Net Income

e. Cash from Investing Activities

4 0
2 years ago
Informational reports provide summaries and describe recurring activities as well as situational, nonrecurring events. They deli
boyakko [2]

Answer:

Part - 1.

Informational reports need details to get frequently visible. As long as we have a tendency to view the report it supports to achieve higher appreciative simply with none ambiguity.

Part - 2.

Headings are the actual fundamental cue; will this assessment report help to assist the reader. Headings aggravates interest and increases considerations, smart heading will increase usability. Thus, the reader will examine the page additional efficiently and in less period.

Part - 3.

It precises in condensed, easy-to-read design is taken into account as an efficient regarding the requirements segment of the commotion report.

Part - 4.

When establishing the report, the subsequent are the facts to be bear in mind.

  • Attention on 3 to 5 areas which will attention your reader.
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  • Use written account sequencing.

Part - 5.

The continuity in the project usually need development or provisional reports to explain their standing however not issues. Therefore, progress reports don't argue issues.

Part - 6.

In the facts finding report it might be a style of short informational report that have requested to put in writing. As, this report is entirely targeted on planned tax improvements and it have an effect on, this may be a fact finding report.

5 0
2 years ago
Barry and his friends tended to favor a tuition increase that would be used to improve technological facilities. After discussin
swat32

Answer:

group polarization

Explanation:

Group polarization: In social psychology, the term "group polarization" is described as the propensity for a specific group to make a few decisions that are considered as more extreme as compared to the initial inclination of the group's members. However, group polarization occurs either in the direction of conservativeness or riskiness.

In the question above, the given statement represents group polarization.

8 0
2 years ago
The brokers of Greater Gulf Realty and Brackish Bay Realty agreed to only work with clients near their own offices to allow each
Naddik [55]

Answer:

"Market allocation " would be the correct answer.

Explanation:

  • The expression 'market allocation' has been used to refer to something like a form of horizontal trading relationship where various companies collaborate to a conceptual model to limit the individual business-related activities to similar aspects such as temporary groups, defined geographical regions, and sometimes even respective customer groups.
  • This arrangement is commonly a form of the contract during which the participants distribute the marketplace between itself.

So that the given scenario is the example of Market allocation.

5 0
2 years ago
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