Which of the following liabilities is created when a company receives cash for services to be provided in the future

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows reports cash inflows and outflows under three activities section, which are:…

Q: Which of the following shows how a payment made to settle an accrued expense, such as salaries…

A: Payment of accrued expense reduce cash balance (asset). Accrued expense is a liability that needs to…

Q: Discuss the kind of questions that investors and creditors try to answer concerning future cash…

A: Introduction: After an accounting year, a company's income statement is created to indicate the…

Q: An entity uses the direct method to prepare its statement of cashflows. The net cash provided by…

A: A Cash Flow Statement is a statement showing inflows and outflows of cash during a particular…

Q: Which one of the following affects cash during a period? Recording depreciation expense.…

A: The current asset and the most liquid asset is cash. It is used for monetary transactions. The…

Q: On the statement of cash flows, which of the following items will affect both financing activities…

A: Collection of loans to other entities affect the financing activities and interest on loan received…

Q: Of the following questions, which one would not be answered by the statement of cash flows? A.…

A: Statement of cash flow shows the cash outflows and cash inflows of the business entity.

Q: Discuss the type of questions about future cash flows that investors and creditors attempt to answer…

A: The income statement of a company is prepared at the end of an accounting year to show the expenses,…

Q: The issuance of notes payable is classified in the statement of cash flows as a(n): a. Operating…

A: Three activities of cash flow statements are as follows:  Operating activities Investing activities…

Q: Cash outflows related to employee wages be reflected as part of Statement of Cash Flows. on the Net…

A: Cash flow statement shows bifurcation of cash inflows and cash outflows by Operating Activities,…

Q: A financial statement that shows the inflows and outflows of cash during a particular period of time…

A: Financial statements: These refer to the formal or official records of the activities of the…

Q: The​ ________ is a measure of a​ company's ability to pay its current liabilities from cash and cash…

A: Cash conversion cycle is a working capital metric which expresses how many days it takes a company…

Q: Aliability created for receiving cash for future services to be provided is termed a(n) O service…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: How can you tell by looking at the Statement of Cash Flows of a company that the company collected…

A: In a cash flow statement, cash flows from operating activities are those activities which are done…

Q: WHAT IS THE CASH COLLECTED FROM CUSTOMERS DURING THE YEAR?

A: Cash collected from customers means actual cash received from the customers during the period; be it…

Q: Money received from customers for products to be delivered in the future is recorded as: B . an…

A: Cash received from the customers will be considered as an asset. Whereas a liability will be created…

Q: Which of the following would result when a company lends cash to a customer in exchange for a ten…

A: A current assets is an asset for which the organisation expects to receive economic benefit within…

Q: Under IFRS, how should changes in accounting policy be recognized in the financial statements? a.…

A: Change in Accounting Policy:A Change in accounting policy occurs if there has been a change in the…

Q: what the effect to asset, liability and owner's equity if the company receives cash from a bank loan

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.

Q: What kinds of questions about future cash flows doinvestors and creditors attempt to answer with…

A: Definition:

Q: If the Accounts Receivable balance increases during a period, how will this increase be recognized…

A:

Q: Operating cash flows would include which of the following? a. Repayment of borrowed money. b.…

A:

Q: When using the indirect method of determining net cash flows from operating activities, how is…

A: Cash flow statement (CFS) is a type of financial statement that gives a summary related to all the…

Q: when does a company declare a cash devidends

A: Dividends are the considerations which are paid out of the profits by the entity for the amount…

Q: Which of the following is an example of a cash outflow from an investing activity? Multiple Choice…

A: Cash flow statement shows inflows or outflows of cash in the business organization which also shows…

Q: Total cash inflow in the operating section of the statementof cash flows should include which of the…

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: In which transaction deposit directly in the business current bank account as capital contribution

A: The transactions of the company will be analyzed by the management, and it will be recorded in…

Q: ct one: a. Financing Activities cash outflow b. Investing Activities cash outflow c. Financing…

A: The correct option is (B) Investing Activities cash outflow

Q: Can you give some explanation of why Amortization Expense is included as a source of cash in a cash…

A: In indirect  method  of cash flow statement  we add back amortization expense  to net income  in…

Q: dentify whether the activity is an operating, investing, or a financing activity, and if it is a…

A: Operating activities are those activities which relates to providing the goods and services to…

Q: A client pays a firm the outstanding balance on an inv this? O General Journal O Cash Disbursements…

A: Any outstanding balance receivable from client or customer, such account will shown as receivable in…

Q: When a company purchases machines by issuing a long-term note payable for the entire amount, the…

A: Cash flow statement is a financial statement which is used to summarize the amount of cash inflows…

Q: When an asset or liability is initially recorded, what determines its amount? The Replacement cost…

A: When an asset or liability is initially recorded, it is recorded at its cost of acquisition.

Q: How do firms use current liabilities, including accounts payable, accruals, lines of credit,…

A: Current liabilities are those liabilities which have a maturity period of one year or less than one…

Q: What problems relating to the company’s activities are revealed by the statement of cash flows…

A: Cash Flow Statement:   It is a financial statement prepared by a company to report their cash…

Q: cash in the deducting vhich was deposited in the firm's account

A: Journal entry is used to record the transaction and events occurred during the period.

Q: Which of the following is a cash outflow from operating activities? * O Payment for interest expense…

A: Cash flows from operating activities are a section of a company's cash flow statement that shows the…

Q: Which of the following is reported under the Financing Activities in the Statement of Cash Flow? O…

A: Financing activity under cash flow statement involves finance related cash inflow and outflow such…

Q: Describe the declaration date, record date, and payment date for a cash dividend.

A: Meaning of Dividend Dividend is the amount of profit which is distributed by the company to the…

Q: An assumption inherent in a company’s IFRS statement of financial position is that companies recover…

A: IFRS are the international financial reporting standards which describes the rules and principles…

Q: Investors and creditors use the income statement to address what types of queries regarding future…

A: DefinitionThe income statement An income statement refers to a financial report that shows the net…

Q: Financing activities involve O cash receipts from sales of goods and services. O long-term liability…

A: Cash receipts from sale of goods and services are operating activities. Therefore, this option is…

Q: ___________liabilities is created when a company receives cash for services to be provided in the​…

A: Liabilities: In the financial world, liabilities are creditors' claims on a company's assets or…