1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pachacha [2.7K]
2 years ago
10

If a company is using the indirect method to prepare the statement of cash flows, a decrease in the inventory account should be

reported as:
Business
1 answer:
zubka84 [21]2 years ago
3 0

If a company is using the indirect method to prepare the statement of cash flows, a decrease in the inventory account should be reported as a decrease in cash flows from operating activities.

<h3>An indirect method to prepare the statement of cash flows</h3>
  • The statement of cash flows is prepared indirectly by adjusting net income for changes in balance sheet accounts in order to determine the amount of cash generated by operational activities.
  • One of the parts of a firm's set of financial statements, the statement of cash flows, is used to show where a company gets its money from and what it does with it.
  • It provides details on the cash generated by operations and the impact of various balance sheet modifications on a company's cash position.
  • The indirect mode of presenting is particularly common since the data needed for it can be gathered rather quickly from the accounts that a company typically has in its chart of accounts.

To learn more about the indirect method to prepare the statement of cash flows refer to:

brainly.com/question/17537007

#SPJ4

You might be interested in
4.Swan Manufacturing is approached by a customer to fulfill a one-time-only special order for a product similar to one offered t
AleksAgata [21]

Answer:

the full cost of the product per unit if the marketing costs is $3,000 is $7,025.

Explanation:

The cost of the special order will exclude the Fixed manufacturing support as these are common whether the order is accepted or not thus irrelevant. Remember to include the marketing costs as an additional cost.

Calculation of cost of the product :

Direct materials                                $1,825

Direct labor                                         $900

Variable manufacturing support     $1,300

marketing costs is                           $3,000

Total                                                 $7,025

Conclusion :

Thus, the full cost of the product per unit if the marketing costs is $3,000 is $7,025.

8 0
3 years ago
What is the role of business ethics in execution of hr policy​
irakobra [83]

Answer:

HR is responsible for key systems and processes which can underpin effective delivery of messages the organisation wishes to convey about ethics. HR and the Ethics function can work together to develop an employee incentives system for their organisation to reward employees who demonstrate ethical behaviours

Explanation:

7 0
3 years ago
Difference between debit the receiver and credit the giver ​
Vinil7 [7]

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

6 0
3 years ago
Baylor Bank believes the New Zealand dollar will appreciate over the next 15 days from $.90 to $.93. The following annual intere
maw [93]

Answer:

19 milion 86+15=91 19000091

5 0
3 years ago
Byte Computer Corporation acquired 90 percent of Nofail Software Company’s common stock on January 2, 20X3, by issuing preferred
natima [27]

Answer: Step by step explanation of the consolidated balance sheet is given in the attached document.

Explanation:

Consolidated Balance Sheet

A consolidated balance sheet presents the assets and liabilities of a parent company and all its subsidiaries on a single document, with no distinctions on which items belong to which companies. If your company has $1 million in assets and it purchases subsidiaries with assets of $400,000 and $300,000, respectively, then your consolidated balance sheet will show $1.7 million in assets, and the sheet will commingle those assets. For example, in the asset section, accounts receivable will list the total amount of receivables held by all three companies.

When to Consolidate

A company must issue consolidated financial statements whenever it owns a controlling stake in another business – that is, whenever it owns more than 50 percent of that business. If the parent company owns 100 percent of the subsidiary, this is pretty straightforward. Complications arise, however, if the parent company owns a controlling stake with less than 100 percent ownership. Part of the subsidiary belongs to someone else, and that must be reflected on the balance sheet.

5 0
3 years ago
Other questions:
  • Pechstein Corporation issued 2,090 shares of $13 par value common stock upon conversion of 1,070 shares of $45 par value preferr
    12·1 answer
  • Hosha exchanges all of her leaf stock for petal stock plus $5,000 cash. the exchange is pursuant to a tax-free reorganization. h
    10·1 answer
  • Majer Corporation makes a product with the following standard costs:Standard Quantity or Hours Standard Price or Rate Standard C
    9·1 answer
  • When auto manufacturer BMW purchased the RollsminusRoyce brand​ name, BMW had to hire and train a new staff of assembly workers.
    11·1 answer
  • Valley Forge and Metal purchased a truck five years ago for local deliveries. Which one of the following costs related to this t
    7·1 answer
  • The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million
    9·1 answer
  • Distribution systems _____ .
    11·2 answers
  • Variable manufacturing costs are $126 per unit, and fixed manufacturing costs are $157,500. Sales are estimated to be 10,000 uni
    15·1 answer
  • Compute the takt time for a service system that intended to perform a standardized service. The system will have a total work ti
    7·1 answer
  • Genna approached Al Ternator about joining the business as an owner. She offered to provide the technical expertise and deal dir
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!