On january 1, 2018, tabitha designs purchased a patent giving it exclusive rights to manufacture a new type of synthetic clothing for $240,000. while the patent had a remaining legal life of 15 years at the time of purchase, tabitha expects the useful life to be only eight more years. in addition, tabitha purchase equipment related to the production of the new clothing for $140,000. the equipment has a physical life of 10 years but tabitha plans to use the equipment only over the patent’s service life and then sell it for an estimated $20,000. tabitha uses straight-line for all long-term assets. the amount to expense in 2021 related to the patent and equipment should be: a. $40,000b. $38,000c. $45,000d. $31,000

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

answer; signaling;

a government agency or homeowner.- third choice