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Below are the subtotals from the December 31, 2021 statements of cash flows from Adams Company and Jamison Company. Which company has a stronger statement
Below are the subtotals from the December 31, 2021 statements of cash flows from Adams Company and Jamison Company. Which company has a stronger statement of cash flows? Operating activities Investing activities Financing activities Net change in cash Jamison Company $37,800 (6,250) (9.910) $21,640 Adams Company $1,250 4,900 15,490 $21,640 Multiple Choice Adams Company Jamison Company The employees of Able Company worked the last two weeks of December, but the employees' salaries will not be paid until January. The adjusting entry that Able should make to accrue these unpaid salaries on December 31 includes a credit to: Multiple Choice cash. salaries expense. salaries payable. nothing, as no entry is required until the employee is paid in January When would a company credit the supplies account? Multiple Choice The company purchases office supplies on account. The company pays for office supplies previously purchased on account. The company uses office supplies. C The company sells inventory to a customer
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