Depreciation is a ___________________ added back to net income when preparing the operating activities section of the Statement of Cash Flows
Fill in the blank(s) with correct word
Non-cash expenditure
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Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership. After completing all the liquidation procedures (assuming all assets and liabilities were liquidated at book value), the business is left with $56,000 cash. As a result, Ryan will receive ________.
The balance sheet of Ryan and Peter's partnership as of December 31, 2018, is given below.
A) $26,000
B) $30,000
C) $56,000
D) $36,000
The U.S. GAAP and IASB require that firms record derivatives on the balance sheet date at
a. historical cost. b. fair value. c. amortized acquisition cost. d. future value of present cash flows. e. present value of future cash flows.
If a manager inspires employees by promising salary raises, bonuses, and promotions, they have which type of power?
a. Personal legitimate power b. Personal reward power c. Organizational reward power d. Organizational legitimate power
Which of the following is an external user of a business's financial information?
A) customers B) cost accountant C) company manager D) the board of directors