Jon has just received information that there were increases in both accounts payable and accounts receivable for $12,000 and $15,000, respectively. the net income is $230,000. what is the net cash provided by operating activities
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The net cash provided by operating activities is $227,000.
To calculate the net cash provided by operating activities, we need to use the indirect method of the statement of cash flows. This involves making adjustments to the net income figure for non-cash expenses and changes in current assets and liabilities.
Starting with the net income of $230,000, we need to add back any non-cash expenses, such as depreciation and amortization. Let's assume there were no such expenses in this case, so we can move on to the next step.
The next step is to adjust for changes in current assets and liabilities. In this case, we know that accounts payable increased by $12,000 and accounts receivable increased by $15,000.
An increase in accounts payable is a source of cash because it means the company has delayed paying its suppliers, while an increase in accounts receivable is a use of cash because it means the company has extended credit to its customers.
To calculate the net cash provided by operating activities, we can use the following formula:
Net cash provided by operating activities = Net income + Depreciation and amortization - Increase in accounts receivable + Increase in accounts payable
Using the figures given in the question, we get:
Net cash provided by operating activities = $230,000 + $0 - $15,000 + $12,000
Net cash provided by operating activities = $227,000
Therefore, the net cash provided by operating activities is $227,000. This means that the company generated $227,000 in cash from its operations during the period, after accounting for changes in its working capital.
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Related Questions
make me laugh and ill give you brainly along with 15 points
remember\(\left[\begin{array}{ccc}180&260&life\\make&me&laugh\\level&hard&because im tierdnit will be hard good luck\end{array}\right]\)
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Answer:
Whats a lawyers favorite suit...
A lawsuit
Explanation:
based on the calculations of income elasticity, meals at restaurants are , coffee is , and ramen noodles are .
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a. The income elasticity for meals at restaurants is 2.
b. The income elasticity for cups of coffee is 0.32.
c. The income elasticity for instant noodles is -0.3.
To estimate the income elasticity of demand for each item, we can use the formula:
Income Elasticity of Demand = (Percentage change in quantity demanded) / (Percentage change in income)
a. Income elasticity for meals at restaurants:
Percentage change in quantity demanded for meals at restaurants = 500%
Percentage change in income = 250%
Income Elasticity of Demand for meals at restaurants = (500%)/(250%) = 2
b. Income elasticity for cups of coffee:
Percentage change in quantity demanded for cups of coffee = 80%
Percentage change in income = 250%
Income Elasticity of Demand for cups of coffee = (80%)/(250%) = 0.32
c. Income elasticity for instant noodles:
Percentage change in quantity demanded for instant noodles = -75%
Percentage change in income = 250%
Income Elasticity of Demand for instant noodles = (-75%)/(250%) = -0.3
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Complete Question:
Elasticity: Measuring Responsiveness - End of Chapter Problem
Congratulations! You have just landed your first job out of college as an economic analyst at the Bureau of Labor Statistics. Your starting salary is $55,000 per year; an increase of 250% per year over the salary you made at the local coffee shop. The corresponding table gives the percentage change in your purchases of each good after your income increases. Use this information to estimate your income elasticity of demand for each of the items.
Percentage change in quantity
Meals at restaurants 500
Cups of coffee 80
Instant noodles -75
a. Income elasticity for meals at restaurants is
b. Income elasticity for cups of coffee is
c. Income elasticity for instant noodles is
if a person attempts to make a phone call while they are waiting for a meeting to begin, they are________
a. combining tasks
b. multitasking
c. sequential tasking
d. cleaving tasks
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The troupe’s account balance first reached $500 on Day 4. The last day the account balance was $500 was Day 8. (a)Determine C(5), C(6), and C(7). Explain how you determined these amounts. (b)Estimate C(1), C(2), and C(3). Explain how you determined these amounts. (c)The stage manager said that the amount of money taken out of the account each day between Day 8 and Day 11 was the same amount of money put into the account each day between Day 0 and Day 4. Recall that Day 11 is when the balance first reached $0. Without doing any calculations, how could you show the stage manager was incorrect?.
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Answer:
its 4
Explanation:
dealing with complaints, resolving customer problems, and making sure the company is meeting customer expectations are critical to ensuring
Answers
To ensure that a company is meeting customer expectations, it is important to effectively deal with complaints and resolve customer problems. Here's a step-by-step approach:
Listen to the complaint: When a customer raises a complaint, listen attentively to understand their concerns. Let them fully explain the issue without interruption. Apologize and empathize: Show empathy towards the customer's frustration or disappointment. Apologize for the inconvenience caused and assure them that their concerns are valid.
Follow up: After the resolution, follow up with the customer to ensure their satisfaction. Ask if there is anything else you can do to assist them and verify if the problem has been fully resolved.By effectively dealing with complaints, resolving customer problems, and consistently meeting customer expectations, a company can foster customer loyalty, maintain a positive reputation, and ultimately contribute to its success.
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mica wanted to demonstrate the increase in medical costs over the past ten years as compared with the increase in real income for the same period. the best visual aid to accomplish this would be a .
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The best visual aid to demonstrate the increase in medical costs over the past ten years as compared to the increase in real income for the same period would be a line graph.
A line graph is a useful tool for displaying trends over time, making it an ideal choice for showing the change in medical costs and real income over the past decade. The x-axis of the graph would represent time, while the y-axis would show the values of medical costs and real income. Two lines could be plotted on the graph, one showing the increase in medical costs over time, and the other showing the increase in real income. This would allow for a clear visual comparison of the two trends and help to demonstrate the difference between the two increases over time.
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Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of gdp. It follows that.
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The ability of a country to purchase the inputs that can be used to generate the items that contribute to wellbeing makes GDP still a valuable indicator of the welfare of society.
The most often used indicator of an economy's size is its gross domestic product (GDP). GDP can be calculated for a nation, a region (such as Tuscany in Italy or Burgundy in France), or for a group of nations (such as the European Union) as a whole (EU)
Welfare, or more frequently social welfare, is a form of government aid aimed at ensuring that citizens can satisfy essential requirements like food and housing.
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Use of money and credit controls to influence macroeconomic outcomes is called _____
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Use of money and credit controls to influence macroeconomic outcomes is called Monetary policy.
A country's central bank uses a set of instruments called monetary policy to regulate the total amount of money in circulation, foster economic expansion, and implement measures like adjusting interest rates and altering bank reserve requirements.
The Federal Reserve Bank of the United States carries out monetary policy under a twin mandate to maximise employment while containing inflation.
Controlling the amount of money in an economy and the channels through which it is provided is known as monetary policy. Monetary policy approach is influenced by economic indicators including the GDP, inflation rate, and industry- and sector-specific growth rates.
The interest rates that a central bank charges to lend money to the country's banks are subject to change. Financial institutions modify rates for their clients, such companies or homebuyers, as rates rise or fall.
In addition, it has the power to set foreign exchange rates, purchase or sell government bonds, and adjust the minimum amount of cash that banks must hold in reserves.
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JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answers
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
PLEASE HELP 100 PTS - Use the information from your production possibilities schedule to create your production possibilities curve by filling in the following graph. Use textboxes to insert text, and use lines and circles from the shapes function to illustrate your production possibilities. Be sure to mark points A through F on the graph. (5 points)
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Answer
Can you make the question a bit simpler?
Explanation:
cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that spending in the economy will ________. at the same time, aggregate demand will ________.
Answers
As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.
Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:
People are more confident in their finances and the ability to make income in future People will spend more in the economy because they are more confident in their income Aggregate demand will rise as more people demand goods and servicesIf the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.
In conclusion, spending in the economy will increase and aggregate demand will rise.
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a proof of the equality of debits and credits in a general ledger.
Answers
Correct reply is A trial balance is a proof of the equality of debits and credit in a established ledger.
To take a look at the arithmetical accuracy of books of account, path stability is prepared. Both the aspects of trial stability i.e. debit and credit score need to have the equal total. This equality proves that the books are arithmetical correct. Trial stability can be organized on a ordinary intervals.
Where do debits equal credits?For each and every transaction, a debit is recorded with a corresponding credit. Multiple money owed can be affected by way of a single transaction, however there need to be at least two bills concerned and debits will always equal credits.
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https://brainly.com/question/14558253#SPJ4Why do you think business provide bonus to its employees?
Answers
Answer: See explanation
Explanation:
Bonus is sum of money that is added to the wage or salary of an employee. The role of bonus to employees is vital. Firstly, bonus is given to the employees to improve their morale.
Secondly, bonus motivates employees. When, employees are given bonus, it tends to motivate and they tend to work harder.
Thirdly, bonus tends to build team collaboration. Lastly, bonus boosts productivity. As the employees are motivated, they work harder and this can help them reach their goals and boost their productivity and bring about growth of the organization.
Builds Team Collaboration. ...
Creates Friendly Competition Among Staff
David Harbert recently started a business. During the first few days of operation, Mr. Harbert transferred cash from his personal account into a business account for a company he named Harbert Enterprises. Mr. Harbert’s brother, George, invested cash in Harbert Enterprises for which he received a 25% ownership interest in the company. Harbert Enterprises borrowed cash from First Federal Bank. Harbert Enterprises paid cash to purchase a building from City Properties, Inc. How many reporting entities are mentioned in this scenario
Answers
Answer:
5
Explanation:
A reporting entity is any entity in men or organizations that depends on the financial report produced by an organization for an understanding of the financial performances and position for the purpose of decision making. This can be investors and other stakeholders in the business.
In the scenario given , the relative parties that will rely of the financial report are
David Herbert as the Entrepreneur , Herbert Enterprises which prepare the report ,George , Herbert's brother an investor , First federal bank , a loan provider and City properties.
List two effects of the invention of the cotton gin.
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Answer:
While it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton. In fact, the opposite occurred. Cotton growing became so profitable for the planters that it greatly increased their demand for both land and slave labor.
Answer:
Explanation:
reduced the time and labor required to produce cotton for market
enabled farmers to meet higher demand
cemented slavery in the South
made cotton the dominant crop in the South
Why is the price floor above the equilibrium point and the price ceiling below the equilibrium point? Please explain as well!
Answers
Answer:
THE GIVEN STATEMENT IS WRONG.
The prices and the quantities of the products are usually set up by considering demand and supply. Sometimes, people may not agree with the price of a certain thing. Due to these reason, the government may set a maximum and minimum price limits on a product so it always remains in a certain range.
The upper limit is Price Ceiling. When a Price Ceiling is set below the equilibrium point, the demand will exceed the supply and shortages will occur.
The lower limit is Price Floor. When a price floor is set above the equilibrium point, the supply will exceed the demand, resulting in surplus quantity of a product
Sally earns graduated commission on her sales each month. she earns 6% commission on the first $45,000 in sales and 8% on anything over that. if sally had $51,000 in sales this month, how much commission did she earn? a. $4,080 b. $3,180 c. $3,060 d. $2,820 please select the best answer from the choices provided a b c d
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The total commission is Option B. 3180.
An income commission is a sum of money paid to a worker upon of entirety of a challenge, normally promoting a sure amount of products or services. Employers once in a while use sales commissions as incentives to grow worker productivity. A commission can be paid further to an income or in preference to a salary.
earns 6% commission on the first $45,000
= $45,000 *8/100
= $2700
8% on anything over that. if sally had $51,000
= $51000 * 8/100
= $4080
Her commission earnings for $45.000 and for the amount she sold above $45.000 (in our case, 51.000 - 45.000 = 6.000).
So in total we have 6/100 * 45.000 + 8/100 * 6000
= 2700 + 480
= 3180.
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Disclaimer: your question is incomplete, please see below for the complete question.
a. $4,080
b. $3,180
c. $3,060
d. $2,820
National networks is an emerging provider of cable television services. is currently working to identify best practices among its competitors through the process of ______.
financial analysis
auditing
benchmarking
staffing
empirical analysis
Answers
National Networks is an emerging provider of cable television services. is currently working to identify best practices among its competitors through the process of benchmarking.
National Networks, as an emerging provider of cable television services, is actively engaged in identifying best practices among its competitors. This process involves various strategies and techniques to gather information and gain insights into industry standards and successful practices. One approach that National networks can employ is benchmarking.
Benchmarking is a systematic process of comparing one's own performance, practices, and outcomes against those of industry leaders or competitors. It allows organizations to identify areas for improvement and learn from the best practices of others. By benchmarking against its competitors, National networks can gain valuable knowledge about successful strategies and tactics employed by established players in the cable television services sector.
Through benchmarking, National networks can analyze various aspects of their competitors' operations, such as customer service, pricing models, channel lineups, content offerings, and technological advancements. This analysis can provide valuable insights into industry trends, customer preferences, and emerging opportunities for growth.
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Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
Do any of y’all got cash app , but heyyy thankz for all the help
Answers
often the most difficult part of computing accurate unit costs is determining the proper amount of _________ to assign to each product, service, or job.
Answers
Hope this helps!
Explain the relationship between deductibles and premiums
Explain the roles of insurance on having a strategic and strong financial plan.
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Answer:
join bmt-cnup-egu on meet
.
.
.
Question 3 of 10
A standard is a:
Answers
Answer: Level of quality or performance that people accept as normal
Explanation: I took this quiz
Define direct advertising
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Answer:
Explanation:
Direct marketing is a form of communicating an offer, where organizations communicate directly to a pre-selected customer and supply a method for a direct response. Among practitioners, it is also known as direct response marketing. By contrast, advertising is of a mass-message nature.
when an organization produces only a single product and attempts to sell it to two or more market segments, it avoids which costs?
Answers
When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.
For better understanding, lets explain the term
Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thingFrom the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.
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Journal entries that transfer the end-of-period balances in revenue accounts to a permanent equity account are known as:
Answers
Journal entries that transfer the end-of-period balances in revenue accounts to a permanent equity account are known as "closing entries."
Here are some points to further explain this concept:
- Closing entries are made at the end of an accounting period to transfer the balances of temporary accounts (such as revenue and expense accounts) to permanent equity accounts (such as retained earnings).
- The purpose of closing entries is to reset the temporary accounts to zero and to ensure that the company's financial statements reflect only the activity that occurred during the current period.
- The closing process typically involves four entries: (1) close revenue accounts to income summary, (2) close expense accounts to income summary, (3) close income summary to retained earnings, (4) close dividends to retained earnings.
- The first two entries transfer the balances of revenue and expense accounts to the income summary account. The third entry transfers the net income (or loss) from the income summary account to the retained earnings account.
- By making these closing entries, the company is able to start the next accounting period with a clean slate and accurate financial statements that reflect only the current period's activity.
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I NEED HELP QUICKLY, PLEASE, THANK YOU SO MUCH
1. Choose a well-known company, and describe its brand promise. Describe at least three ways that the company uses to create that brand promise. (1-5 sentences. 3.0 points)
2. Choose a type of company you would like to work for or start up yourself, and then answer the questions below.
a. Describe the type of company and the product it would sell. TIP: This can be the same or different from the company you described in Assignment 1R. (1-3 sentences. 1.0 points)
b. Describe at least two categories you could group the company's target customers into, if the company were using channel management. (1-2 sentences. 1.0 points)
c. Describe at least two ways that the company might decide to treat those two categories of customers differently, and explain why it might do that. (1-5 sentences. 4.0 points)
d. Would the type of channel management described in questions 2b and 2c above be likely to lead to unfair treatment of some groups? Why or why not? How could you make sure that didn't happen? (1-5 sentences. 4.0 points)
3. Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising for the store.
a. Describe at least two factors you could consider to help decide how much inventory to keep in stock of a particular item at the store. (1-4 sentences. 1.0 points)
b. If you were running the clothing or grocery store, which buying method would you prefer to use? Why? (1-4 sentences. 1.0 points)
c. If you were running the clothing or grocery store, which inventory control method would you prefer to use? Describe at least one, and explain why you would use it. (1-2 sentences. 1.0 points)
d. Describe an example of two products you could combine in a display in the store to show how they could work together. (1-2 sentences. 1.0 points)
4. List at least six things you would check for if you were asked to evaluate the workspace of an employee for ergonomics. (1-6 sentences. 3.0 points)
Answers
Answer:Company: AppleBrand Promise: To provide innovative, user-friendly, and premium quality technology products to customers.Ways Apple creates its brand promise:Using sleek and minimalist designs for their products that emphasize simplicity and elegance.Incorporating the latest technology and innovative features into their products to ensure high quality and user satisfaction.Providing excellent customer service and support to build a loyal customer base.a. Type of Company: A food delivery service that specializes in healthy and organic meals.b. Categories of Target Customers: Health-conscious individuals and families, and fitness enthusiasts.c. Ways to treat different categories of customers:Offering personalized meal plans and customized menus based on each customer's dietary preferences and fitness goals.Providing loyalty programs, discounts, and exclusive offers to regular customers to increase customer retention and satisfaction.d. This type of channel management may not lead to unfair treatment of groups if the company provides equal opportunities and benefits to all customers. To ensure that this doesn't happen, the company could conduct customer surveys and feedback sessions to identify any potential biases or inequalities in their channel management strategy.a. Factors to consider for inventory control:Seasonal demand and popularity of the product.Sales trends and historical data to predict future demand and adjust inventory levels accordingly.b. Preferred buying method: Just-in-time (JIT) inventory system, where the store orders inventory based on actual customer demand instead of maintaining a large inventory stockpile.c. Preferred inventory control method: ABC inventory control system, which categorizes inventory items based on their demand and value to determine the appropriate inventory level and reorder points.d. Example of product combination: A display of organic quinoa and fresh vegetables to show customers how they can make a healthy and nutritious meal.Six things to evaluate for ergonomic workspace:Desk and chair height and adjustment to ensure proper posture and comfort.Lighting and glare to minimize eye strain and discomfort.Keyboard and mouse placement to prevent repetitive strain injuries.Monitor placement and distance to avoid neck and eye strain.Adequate footrest and leg support to prevent discomfort and fatigue.Proper ventilation and temperature control to ensure a comfortable and healthy work environment.
Explanation:had the assignment
hepburn company bought a copyright for $90,000 on january 1, 2021, at which time the copyright had an estimated useful life of 15 years. on january 5, 2024, the company determined that the copyright would expire at the end of 2029. how much should hepburn record as amortization expense for this copyright for 2024?
Answers
Hepburn record as amortization expense for this copyright for 2024 is $12,000
Amortization considers the cost over the life of a long-term asset (such as a computer or vehicle). Also known as depreciation expense, it appears on the company's income statement.
Calculating the problem:Cost of copyright = $90,000
date of purchase = January 1, 2021
Estimated useful life = 15 years
Annual amortization expense = Cost of equipment / Useful life
= 90,000/15
= $6,000
Accumulated amortization expense for 3 years = Annual amortization expense x 3
= 6,000 x 3
= $18,000
Book value of copyright at January 5, 2024 = Cost of copyright - Accumulated amortization expense for 3 years
= 90,000-18,000
= $72,000
On January 5, 2024, it was that copyright will expire at the end of 2029. Hence, remaining useful life of copyright is 6 years.
Accumulated amortization expense for remaining 6 years = Book value of copyright at January 5, 2024/ Remaining useful life
= 72,000/6
= $12,000
What is amortization?Amortization is an accounting technique used to reduce the book value of a loan or intangible asset periodically over a specified period of time. For loans, amortization focuses on the distribution of loan payments over time. Depreciation is similar to depreciation when applied to assets.
Is depreciation a liability or an expense?Depreciation, an accounting concept similar to depreciation, is the gradual reduction of an asset or liability by a specified periodic amount. For assets, the point is to consume the item over the period of time it is expected to be consumed.
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Even after a foreclosed property is sold at public auction, the defaulting borrower may be able to recover the property for a time by paying the balance plus foreclosure expenses or the foreclosure sale price, depending on the state. This right is called the
Answers
This right is called the right of Redemption
The right of redemption enables borrowers who have fallen behind on their mortgage payments to regain their homes by paying the outstanding balance plus interest and penalties either before the foreclosure process gets underway or, in some areas, even after a foreclosure auction.
When a person takes out a mortgage to purchase a property, the house itself acts as security for the loan. In other words, if a homeowner misses a payment, they lose possession of the house. Many mortgage notes contain a clause referred to as the right of foreclosure that explains a lender's power to foreclose on a property and specifies the circumstances in which the lender may do so.
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what are the unique financial reporting implications of the partnership entity in comparison with the proprietorship and corporate
structures? how does the closing process differ for the partnership?
Answers
The financial reporting of the Partnership firm differs from the proprietorship and corporate entities as the closing process of partnership involves creation of the realization account, whereas the another entity not required this.
What is financial reporting?Standard techniques for giving stakeholders an accurate portrayal of a company's finances, including revenues, profits, expenses, cash flow, capital, and official records that provide in-depth insights into financial information, are referred to as financial reporting.
The payment of taxes, fines, and interests has new financial reporting consequences for partnership firms that are distinct from any other sort of business company.
Taxes paid to partners or owners, on the other hand, are accounted for in a transaction with the owners.
Furthermore, the financial reporting implications for a partnership firm differ from those for a sole proprietorship or a corporation, as the partnership business is distinct from the two stated businesses.
The closing process of partnership differs from the another businesses because the closing process of partnership involves the preparation of realization account.
Therefore, the partnership form of business enterprise is differed from the other business.
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