Business, 14.03.2020 02:57 casting479
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $52,000
Accounts payable increased by $18,000
Accounts receivable decreased by $25,000
Inventories increased by $5,000
Depreciation expense was $30,000
Net cash provided by operating activities was:
$120,000.
$60,000.
$70,000.
$80,000.
$130,000.
Investing activities do not include the:
Purchase of plant assets.
Lending and collecting on notes receivable.
Issuance of common stock.
Sale of plant assets.
Sale of short-term investments other than cash equivalents.
A cash equivalent is:
An investment readily convertible to a known amount of cash.
Close to its maturity date but its market value may still be affected by interest rate changes.
Generally is within 12 months of its maturity date.
Is not considered highly liquid.
Another name for cash.
Answers: 1
Business, 21.06.2019 17:30
The digby's workforce complement will grow by 20% (rounded to the nearest person) next year. ignoring downsizing from automating, what would their total recruiting cost be? assume digby spends the same amount extra above the $1,000 recruiting base as they did last year. select: 1 $2,840,000 $3,408,000 $570,000 $475,000
Answers: 1
Business, 21.06.2019 21:30
Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.
Answers: 3
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Answers: 3
Business, 22.06.2019 22:00
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In preparing a company's statement of cash flows for the most recent year using the indirect method,...
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