Identify how each of the following items is shown on the statement of cash flows. Identify each as operating (O), investing (I), financing (F), or non-cash investing and financing (N).
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The Dividends account normally has a debit balance.
Answer the following statement true (T) or false (F)
If Miriam implements a sustainability program and its associated changes on her company, what can she likely expect?
a. higher savings but slower growth over the long term b. initial savings that increase over time c. a quick improvement in stock value d. high up-front costs but long-term savings
The manufacturing budgets include the sales budget and the budgeted income statement.
Answer the following statement true (T) or false (F)
On September 12, Ryan Company sold merchandise in the amount of $9800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6000. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 6000? | |
| Accounts receivable | 6000? |
B.
| Cash | 9506? | |
| Accounts receivable | 9506? |
C.
| Cash | 9800? | |
| Accounts receivable | 9800? |
D.
| Cash | 9506? | |
| Sales discounts | 294? | |
| Accounts receivable | 9800? |
E.
| Cash | 5820? | |
| Sales discounts | 180? | |
| Accounts receivable | 6000? |