subject
Business, 12.08.2019 18:10 DrDre02

The net income reported on the income statement for the current year was $295,000. depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $5,000, respectively. balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: end beginning cash $ 50,000 $ 60,000 accounts receivable 112,000 108,000 inventories 105,000 93,000 prepaid expenses 4,500 6,500 accounts payable (merchandise creditors) 75,000 89,000 what is the net cash flow from operating activities reported on the statement of cash flows prepared by the indirect method? a. $368,000 b. $312,000 c. $208,000 d. $302,000

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, ariannapenny98
Which of the following is not a personality trait? sincerity word processing punctuality laziness
Answers: 1
image
Business, 22.06.2019 14:00, breana758
Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $
Answers: 3
image
Business, 22.06.2019 20:30, joaquin42
Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e. g.
Answers: 3
image
Business, 23.06.2019 05:20, Geo777
What is difference between fiscal year and tax year? explain in the simplest way.
Answers: 1
You know the right answer?
The net income reported on the income statement for the current year was $295,000. depreciation reco...

Questions in other subjects:

Konu
Social Studies, 15.09.2021 04:40
Konu
Mathematics, 15.09.2021 04:40