FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Q: When evaluating a fund based on its cash-on-cash returns, what other considerations should you keep…
A: Cash on cash return:  The entire return gained on a real estate investment property is measured…
Q: When do the funds earn interest at the MARR?
A: The MARR (Minimum Acceptable Rate of Return), generally referred to as hurdle rate is the lowest or…
Q: What is nonnormal cash flow projects?
A: Introduction:   Cash flow is the cash or cash equivalent transferred from in and out of business.
Q: À savings account should be used for your emergency fund and your O Short-term savings goals O…
A: Savings account is an account where short term funds are deployed with immediate use. It generally…
Q: What is the net present value of an annuity?
A: Net present value is defined as the temporal variation in the present value of cash inflows and…
Q: What is the loan cash flow?
A: Answer: A cash flow loan is nothing but a form of debt finance in which bank lends money usually for…
Q: Under which head is the ‘Debenture Redemption Reserve’ shown in the Balance Sheet?
A: Balance sheet: Balance Sheet is one of the financial statements that summarize the assets, the…
Q: How is the present value of a lump sum determined?
A: Definition:   Present value: It refers to the current value of the whole amount that will be…
Q: Define  debt investment.
A: Debt Investment: Debt Investment considered as Lending money on loan to the issuing entity. The main…
Q: Define sinking fund
A: Fund: A fund is a pool of money save for a particular purpose. Those pools can be frequently…
Q: How do the funds grow?
A: The major motive of every investor to grow up their investment and the following are the ways in…
Q: What is Repayment cash flow?
A: Cash flows play a significant role in companies. It helps companies to identify the liquidity…
Q: On what does the interest paid on a cash investment depend?
A: Cash investment An investment (short-term) under which one makes a deposit the cash and also…
Q: pension fund
A: A retirement fund is a product that invests your savings in retirement. Tax cuts and  employer…
Q: Explain Initial Capital Contributions with example?
A: Initial contributions are generally made by members to take part in the company's interests. Many…
Q: How are mutual funds different from pension funds?
A: Mutual funds: Mutual funds refer to an institution which pools the savings of the investors and…
Q: What is the amount of the plan assets available to pay benefits? What are the factors that can cause…
A:
Question

a.) How much is the total Statutory Reserves of Your Cooperative?

b.) How much is the Optional Fund?

Your Cooperative-Income Statement Your Cooperative Statement of Financial Operation For the Period Ending December 31, 2019 Interest Revenues 1,500,000.00 Service Revenues 800,000.00 Sales 1,200,000.00 Total Revenues 3,500,000.00 Less: Cost of Sales 800,000.00 Gross Profit 2,700,000.00 Less: Operating Expenses Net Surplus 1,200,000.00 1,500,000.00
expand button
Transcribed Image Text:Your Cooperative-Income Statement Your Cooperative Statement of Financial Operation For the Period Ending December 31, 2019 Interest Revenues 1,500,000.00 Service Revenues 800,000.00 Sales 1,200,000.00 Total Revenues 3,500,000.00 Less: Cost of Sales 800,000.00 Gross Profit 2,700,000.00 Less: Operating Expenses Net Surplus 1,200,000.00 1,500,000.00
Expert Solution
Check Mark
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
bartleby
This is a popular solution
See solutionCheck out a sample Q&A here
Step 1 How much is the total Statutory Reserves of Your Cooperative?
VIEW
Step 2 How much is the Optional Fund?
VIEW
bartleby

Trending nowThis is a popular solution!

bartleby

Step by stepSolved in 2 steps

See solution
Check out a sample Q&A here
Blurred answer
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
SEE MORE TEXTBOOKS