subject
Business, 17.08.2021 20:20 cclappm8697

The net income for Martinez Corp. for 2022 was $400,000. For 2022, depreciation on plant assets was $100,000, and the company incurred a loss on disposal of plant assets of $40,000. Required:
Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company’s accounts.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 09:30, ameliaduxha7
What are two benefits of consumer programs
Answers: 2
image
Business, 22.06.2019 13:50, Senica
Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments. suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal. supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal. prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal. insurance expensejan. 31 bal. 164 164 jan. 31 bal. wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal. wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal. truckjan. 31 bal. 17,376 17,376 jan. 31 bal. accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal. a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year. c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths
Answers: 1
image
Business, 22.06.2019 19:40, raewalker23p4ibhy
Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.
Answers: 3
image
Business, 23.06.2019 04:00, lilzaya510
Management training programs, mentoring programs, and coaching systems are examples of
Answers: 1
You know the right answer?
The net income for Martinez Corp. for 2022 was $400,000. For 2022, depreciation on plant assets was...

Questions in other subjects:

Konu
Arts, 13.04.2020 23:53