Indicate whether each of the following statements about a cash budget is true or false.A cash budget helps managers to anticipate cash shortages and excess cash balances.The cash budget has two main sections: a cash deficit section and a financing section.The total cash available is calculated by adding cash receipts and the ending cash balance.Cash payments may include outflows for inventory, selling and administrative expenses, and depreciation.Cash inflows and outflows indicated on the cash budget are reported on a company's pro forma statement of cash flows.
What will be an ideal response?
A cash budget helps managers to anticipate cash shortages and excess cash balances. T
The cash budget has two main sections: a cash deficit section and a financing section. F
The total cash available is calculated by adding cash receipts and the ending cash balance. F
Cash payments may include outflows for inventory, selling and administrative expenses, and depreciation. F
Cash inflows and outflows indicated on the cash budget are reported on a company's pro forma statement of cash flows. T
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On January 1, 2016, Sharpsburg, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2016?
a. $352,960 b. $354,200 c. $355,452 d. $400,000
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A) developing B) listening C) choosing D) launching E) identifying
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Indicate whether the statement is true or false.
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