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Why are salaries and purchases not reported on a statement of cash flows using the indirect method?
Wiki User
∙ 9y ago
Under indirect method net income from normal income statement is adjusted for non cash items to arrive at cash flow from operating activities. As salaries and purchases are already accounted for in normal income that;s why it is not reported otherwise it will count twice.
Wiki User
∙ 9y ago
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Which one of the following is a product cost indirect labor office salaries sales person's salaries or advertising costs?
Indirect labor
What is the difference between direct and indirect wages and salaries?
direct wages\salaries would be wages received from primary form of employment such as your paycheck. indirect wages\salaries would be from 1099 or contract employment or tips and things like that, any other form of wage of anykind.
Are salaries listed on the balance sheet?
Salaries are part of income statement if paid while if not paid then payable will be shown in balance sheet.
Is paying salaries considered an operating activity in the cash flow statement?
no
Does salaries expense go on the balance sheet?
Expenses are never listed in the balance sheet regardless of what they are for. Expenses appear on the income statement. At the end of the accounting period (fiscal or calendar year) expenses are close out.
Where does the information required to construct a balance sheet come from?
The account records - sales, purchases, stock, plant, depreciation of plant, taxes, salaries etc.
What is the difference between variable overhead cost variance and fixed overhead variance?
direct or indirect cost which increases or decreases with production are variable overheads such as, indirect material, indirect labor, utilities, maintenancd expansis etc. expansis which does not fluctuate with increase or decrease of production called fixed overheads such as rent, salaries, insurance, professional membership like ISO etc.
What is the format for profit and loss account?
we show indirect expenses on debit side and indirect income on credit side. indirect expenses like salaries, Rent, carriage outward, staffwalefare expenses and other expneses and indirect income like commission received, discount received and others. if credit side more that debit side it means Net profit and debit side more than credit side it means Net loss.
Is salary an administrative expense?
No, salary is generally considered a part of the company's operating expenses rather than an administrative expense. Administrative expenses typically refer to overhead costs that support the overall operation of the business, such as office supplies, utilities, and professional fees. Salary is typically categorized as a direct cost or an indirect cost related to the production or provision of goods and services.
What was the average salary of a post MBA student in 2012 in the US?
Many business schools reported that over 90% od their class had a job offers three months after graduation and 123 schools reported average salaries in excess of $75,000.
What is included in direct overheads and what is included in indirect overheads?
The items which are included in direct overheads are the ones which are directly related to production process like salaries of machine operators and buying raw materials. The ones that are included in indirect overheads do not relate to production like giving to charity among others.
Average pay for dental assistant?
The average yearly salary for a dental assistant is $35,080 dollars. Dental assistants in San Francisco, CA are reported to have the highest salaries.
