No investing or financing cash flow
Are these two ever equal?almost always, rarely, occasionally, only when there is no investing cash flow, only when there is no investing or financing cash flow?
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Marlin Bowling installs automatic scorekeeping equipment with an invoice cost of $350,000. The electrical work required for the installation costs $10,000.
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A company has 1,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2009.
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Essential to the effective operation of any Cost and Management Accounting system in any business is the ability to define the cost units and cost centres.
In early January 2009, Sanchez Builders purchase equipment for $102,000 to use in operating activities for the next five years. It estimates the equipment's salvage value at $21,000.
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