melidacampos12
13.03.2020 •
Business
Cake Mart understated its ending inventory In the current year by $5,000. The company incorrectly reported net income of $100,000. Determine the effect of the error on the financial satementsa. Total assets on the balance sheet will be too high by $5.000 b. Cost of goods sold was too low by $5,000, which caused net income to be oversatisfied c. Cost of goods sold wil be too high by $5.o00, and this caused net income to be understated by $5.000 d. Cost of goods sold will be too high by 55.000 and this caused net income to b overstated by $5.000
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Ответ:
a. Startup
Explanation:
The negative cash flows are when the firms are having more cash outflow than the cash inflow and spending of the company is more than the earning and thus experiencing a negative cash flow. This is a situation is found in the growth phase as they demand more money to generated and spend money to fuel growth and acquire the new customers and that may be set up by the distribution channels.Thus startup of the company or industry can show more negative cash flows.