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Business, 25.02.2020 00:08 love123jones
Finished goods inventory is reported on the a. balance sheet as a long-term asset b. balance sheet as a current asset c. income statement as revenue d. income statement as a period cost g
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Which part/word/phrase in the passage refers to a business’s financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
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Finished goods inventory is reported on the a. balance sheet as a long-term asset b. balance sheet a...
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