GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD
GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD
16th Edition
ISBN: 9781260088458
Author: Ray H Garrison
Publisher: McGraw-Hill Education
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Chapter 13, Problem 1F15
To determine

The income statement: refers to the financial statement that states company’s financial position over a specific accounting period. Financial position is assessed by expenses and revenues earned from the operating and non-operating activities of a firm over a specific period of time.

Which item will not affect the cash flow?

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Stellar Systems Logistics purchases a new cargo van for $48,000. The sales taxes are $3,600. The company name is custom-wrapped on the sides of the van for $1,200. The van's annual registration fee is $200. Before use, the van undergoes a required inspection costing $350. What amount should Stellar Systems Logistics record as the cost of the new van?
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GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD

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