The net income reported on the income statement for the current year was $100,000. depreciation recorded on plant assets was $25,000.
accounts receivable and inventories decreased by $5,000 and $15,000,respectively.
prepaid expenses and accounts payable increased by $500 and $4,000, respectively.

using the indirect method, how much would be reported for net cash flows from operating activities in the statement of cash flows?
a. $130,000
b. $148,500
c. $141,500
d. $98,500

Which feature is a characteristic of a corporation?

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding