Answer:
1. Net cash provided by operating activities for the year = $130
2. Ending cash balance = $85
Explanation:
Note: This question is not complete. A complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation to the answer is now provided as follows:
1. Use the indirect method to determine the net cash provided by operating activities for the year.
Note: See the part 1 of the attached excel file for the calculation of the net cash provided by operating activities for the year.
Note: See the part 1 of the attached excel file for the calculation of the net cash provided by operating activities for the year.
Cash flows from operating activities refers to the section of the cash flow statement that shows the cash generated and provided by the ongoing regular business activities of a company in a particular period. Cash flows from operating activities normally comprise of net income from the income statement, adjustments to net income as well as changes in working capital.
2. Prepare a statement of cash flows for the year.
Note: See the part 1 of the attached excel file for the statement of cash flows for the year.
Statement of cash flow refers to the financial statement that presents the effect of changes in balance sheet accounts and income on cash and cash equivalents by breaking it down to operating, investing, and financing activities.
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pollution
building up in countryside
over population
Answer:
Cash balance= $500
Explanation:
Giving the following information:
Started her business baking dog treats by investing cash of $1,000.
Had revenues of $3,000.
She paid her assistant $1,000 in cash.
The business paid cash dividends of $500.
<u>The cash account is affected by every entrance or exit of money. For example, if a purchase is made on account, the cash balance is not affected.</u>
Cash balance= -1,000 + 3,000 - 1,000 - 500
Cash balance= $500
$50,000 was given to a nonprofit organization with the request that it be given to someone whose home was destroyed in a fire. The not-for-profit would note and credit the $50,000 in cash as a liability.
<h3><u>What exactly is liability?</u></h3>
An obligation is anything that a person or company owes, usually money. Over time, liabilities are settled by transferring economic rewards such as money, goods, or services. Loans, accounts payable, mortgages, delayed income, bonds, warranties, and accrued expenses are all examples of liabilities on a balance sheet.
Assets and liabilities can be contrasted. Liabilities are items you owe or borrowed money for, whereas assets are things you possess or are owed money for. A liability is something borrowed, owed, or obligated to someone else. It can be real (for example, a bill that needs to be paid) or fictitious.
Learn more about liabilities with the help of the given link:
brainly.com/question/18484315
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