subject
Business, 07.05.2021 18:30 lreese

During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,050. The company reported the following activities: a. Increase in inventory of $350.
b. Depreciation of $2,500.
c Increase of $2,120 in prepaid expenses.
d. Payments of $4,100 on long-term debt.
e. Purchased new spa equipment for $7,532
f. Payments on accounts payable exceeded purchases by $270.
g. Collections on accounts receivable exceeded credit sales by $809
h. Issued $10,000 of common stock
Required: Based on this information, prepare a statement of cash flows for the year ended December 31 using the indirect method. Assume the cash balance at the beginning of the year was $6,500. (Amounts to be deducted should be indicated with a minus sign.)

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 06:30, dee3874
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
image
Business, 22.06.2019 11:10, allieallie
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
image
Business, 23.06.2019 12:00, aliciagore
Rich is researching for an economics paper on the history of exchange rates between the us and great britain. the best choice for rich to use is
Answers: 3
image
Business, 23.06.2019 14:30, ashhleyjohnson
Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.
Answers: 1
You know the right answer?
During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,050. The company reported...

Questions in other subjects:

Konu
Mathematics, 15.12.2021 21:30
Konu
Mathematics, 15.12.2021 21:30
Konu
Physics, 15.12.2021 21:30