Hughes Company sends invoices to all clients

Question:Hughes Company sends invoices to all clients for services rendered for a total of $7,350.What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account?Check all that apply.An asset account increases.An asset account decreases.A liability account increases.A liability account decreases.Capital Stock increases.Capital Stock decreases.Retained Earnings increase.Retained Earnings decrease.Question: (a) ALZ had the following balances on its non- current asset accounts at: 31 March 2014 31 March 2013 $000 $000 Tangible assets: Property, plant and equipment 27,660 28,000 Intangible assets: Deferred development expenditure 370 290 ALZ recorded the following movements of its non- current assets for the year to 31 March 2014: Property, plant and equipment was revalued upwards by $3,000,000. Property, plant and equipment disposed of during the year had a carrying value of $95,000 and incurred a loss on disposal of $23,000. Property, plant and equipment depreciation charged to profit or loss during the year was $4,055,000. Deferred development expenditure amortised during the year was $73,000 Required: Prepare the “cash flows from investing activities” section of ALZ’s statement of cash flows for the year ended 31 March 2014

 

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Use Code FREE15