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mestny [16]
4 years ago
14

Accounts receivable from sales transactions were $47,732 at the beginning of the year and $64,117 at the end of the year. Net in

come reported on the income statement for the year was $147,991. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is Select the correct answer. $147,991 $164,376 $131,606 $16,385
Business
1 answer:
uysha [10]4 years ago
4 0

Answer:

The correct answer is $131,606

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

First,  we must get the difference (change) in Accounts receivable from sales transactions

At the beginning of the year $47,732

At the end of the year $64,117

Increase of Accounts receivable $16385

It depends on the account if it is added or subtracted to net income. An Increase of Accounts receivable will be subtracted from net income.

Net income $147,991

Increase of Accounts receivable $-16385

Net cash $131,606

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Anna71 [15]

Answer:

The correct answer is letter "C": Each batch of production, known as a job or lot.

Explanation:

Job order cost systems are used to accumulate the cost per unit of items that are different enough, each one having significant costs. Under this costing system each item produced is given its direct material costs, labor costs, and overhead. Clothing, food, and aircraft manufacturing companies use the job order cost system.

<em>Unitary costs are accumulated per batch of productions under this type of costing system.</em>

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3 years ago
Qriosity inc. comes out with a new antivirus program and prices it at half price to attract buyers. the company is using _______
Talja [164]
<span>The company is using market-penetration pricing.</span>
6 0
4 years ago
You purchased one hundred shares of AT&amp;T stock. The company pays 20 cents per share to each shareholder (That's you!) at the
Alja [10]
C. Dividends.
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5 0
4 years ago
In New Guinea, tribes that had been isolated for centuries were found that _______________.
amid [387]

Answer:

a. had a large number of sophisticated language systems

Explanation:

  • The indigenous tribes of the New guinea are Melanesian and Austronesian people and speak Papuans and they are the rarest of the newly evolves tribal population.
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3 0
4 years ago
The $1,000 face value bonds issue by the Springfield Fabrication Corporation are perceived by investors as being less attractive
wlad13 [49]

Answer:

Correct option is (c)

Explanation:

Face value of bond is $1,000. If investors feel that bond issued by Springfield is less attractive than other bonds, this means either the bond is offering a coupon rate lower than market interest rate prevailing in the market as compared to other bonds.

In this case, bond will be sold at a price lower than its face value. This is also called discount bonds. Price of the bond falls as  investors feel they can buy a similar bond that offers better returns.

Out of all  options, $875 is lower than face value of $1,000, so, bond would be most likely sold at $875.

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