Business, 17.03.2020 03:18 jalayshiamartin

S Company reported net income for 2018 in the amount of $400,000. The company's financial statements also included the following: Increase in accounts receivable $ 80,000 Decrease in inventory 60,000 Increase in accounts payable 200,000 Depreciation expense 104,000 Gain on sale of land 148,000 What is net cash provided by operating activities under the indirect method?

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Answer from: coco9972

Net cash provided by operating activities under the indirect method

Cashflow From Operating Activities

Net Income 400,000

Adjastments for Non-Cash Items

Depreciation 104,000

Adjastments of Other Items Included in Cashflow Statement

Gain on Sale of Land (148,000)

Working Capital Adjastments

Increases in Accounts Receivables (80,000)

Decreases in Inventory 60,000

Increases in Accounts Payable 200,000

Net Cashflow From Operating Activities 536,000

Explanation:

Indirect Method Adjasts the Profit for the year with three things

Non-Cash ItemsItems included in Cashflow StatementWorking Capital

To arrive at Net Cashflow from Operating Activities

Answer from: Quest

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.

Answer from: Quest

the answer is true. i do believe this is the answer because of the amount of wrecks people get into each year. if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.

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S Company reported net income for 2018 in the amount of $400,000. The company's financial statements...