A sole trader makes drawings during a year of $8900. How would these drawings be shown on
Question:
A sole trader makes drawings during a year of $8900. How would these drawings be shown on a cash flow statement?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
In a cash flow statement the drawings made by a sole trader would be categorized as a cash outflow u...View the full answer
Answered By
User l_1006857
I am a computer science professional with expertise in databases, AI programming, data structures and algorithms, and mathematics. With a strong background in these areas, I possess the knowledge and skills necessary to design and optimize database systems, develop intelligent algorithms and models, and solve complex computational problems. My proficiency in SQL, NoSQL, machine learning techniques, and mathematical concepts equips me to contribute to innovative projects and drive technological advancements.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
Let's say our Company makes Slinkies and Super Scrub (a floor cleaning product). Super Scrub isn't doing so good so we sell that entire division to another company. We record a gain from the sale on...
-
During the year ended December 31, 2017, Liberty Inc. reported the following equity events: March 31, 2017 10 percent stock dividend April 15, 2017 $1 cash dividend per share June 30, 2017...
-
The following information is taken from the financial statements of Knights, Inc. From the balance sheet: Cash 30.000 $ Accounts receivable 150.000 Inventory 200.000 Factory assets (after deducting...
-
Can public works increase equilibrium wages?
-
Explain how hyperinflation might lead to a severe decline in total output.
-
Do the FASBs Concepts Statements favor conservative or neutral accounting? Why?
-
Check on target rates actually followed by your country and compare them to the targets proposed in this book as well as to the Maastricht criteria.
-
Under the Bankruptcy Code after the 2005 act, what must Janet do before filing a petition for relief under Chapter 7? Three months ago, Janet Harts husband of twenty years died of cancer. Although he...
-
the drop-down options are the same for all of the questions Match the level of investment to the appropriate income from the investee that should be recorded by the investor. Passive Investment (50%)
-
Which of the following transactions would result in a flow of cash into a business? a. Purchase of a machine b. Sale of a vehicle c. Increase in inventories d. Increase in payables e. Capital...
-
Non-current assets cost $50000; they have an estimated life of ten years. Depreciation is provided at $5000 per annum. How much cash is set aside as depreciation in order to replace the assets in the...
-
Owners equity represents which of the following? A. The amount of funding the company has from issuing bonds B. The sum of the retained earnings and accounts receivable account balances C. The total...
-
Assume that John wants to annuitize the annuity and is told that he can receive a straight life annuity for $600 a month for life. If the actuarial number of payments is 300, how much of the first...
-
An epidemiologist plans to conduct a survey to estimate the percentage of women who give birth. How many women must be surveyed in order to be 90% confident that the estimated percentage is in error...
-
Your homework for this week is to watch the first lecture on Financial Accounting and at the end of the outline there are several problems for you to do. The problems begin with parts A-D for you to...
-
Sheril Rose was a brilliant but penniless material scientist. She had designed a new type of solar panel she believed had great commercial potential. On January 15, she approached Felda Higgins, a...
-
IAS 23 requires companies to capitalize borrowing costs directly attributable to the acquisition, construction or production of an asset into the cost of an asset.Previously, accounting standard...
-
Consider the two polarization experiments shown in FIGURE 25-42. In figure 25-42 (a) If the incident light is unpolarized, is the transmitted intensity in case A greater than, less than, or the same...
-
The process of collaborative goal setting by a manager and subordinate, the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate's performance. It is...
-
List and describe key biographical characteristics. How are they relevant to OB?
-
Define intellectual ability. What is the relevance of intellectual ability to OB?
-
Compare and contrast intellectual and physical ability.
-
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
-
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
-
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...
Study smarter with the SolutionInn App