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lara31 [8.8K]
3 years ago
12

​Serenity, Inc.'s Receivable increased by $ 43 comma 000 and its Accounts Payable increased by $ 23 comma 000. What is the net e

ffect on cash from operations under the indirect​ method?
Business
1 answer:
Shalnov [3]3 years ago
4 0

Answer:

A net cash outflow or cash used up of $20,000

Explanation:

The statement of cash flows show the movement in cash balances between the start and end of an accounting period. This movement is as a result of 3 groups of activities namely; operating, investing and financing activities.

Cash activities related to elements of working capital are recognized in the operating section. An increase in a current asset other than cash is treated as an out flow of cash while an increase in a current liability is treated as an inflow of cash and vice versa.

Hence the net effect on cash from operations under the indirect​ method

= -$43,000 + $23,000

= -$20,000

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Vedmedyk [2.9K]

Answer:

sales era

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5 0
3 years ago
When merchandise purchased on account is returned under the perpetual inventory system, the buyer would debit a. Inventory b. Pu
Keith_Richards [23]

Answer:

Accounts payable

Explanation:

In accounting, the term accounts payable refers to the money that is owed by a business to its suppliers, in other words, it refers to the business' short-term debts.

When merchandise is purchased on account and it is returned under the perpetual inventory system, the buyer would then debit accounts payable since it is money that the company would owe to the buyer.

4 0
3 years ago
MC Qu. 141 Comet Company accumulated... Comet Company accumulated the following account information for the year: Beginning raw
artcher [175]

Answer:

the total factory overhead cost is $11,900

Explanation:

The computation of the total factory overhead cost is shown below:

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Hence the total factory overhead cost is $11,900

The same should be considered and relevant

7 0
3 years ago
PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!!!!!!!!
pav-90 [236]

Answer:

Hola Amigo! Here's ur answer :D

Explanation:

The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).

Happy to Help!

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3 years ago
What identifies the pattern used for each data series in a chart
goldenfox [79]
<span>a legend identifies the pattern

</span>
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4 years ago
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