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Ksenya-84 [330]
3 years ago
5

Which of the following items would be a way to manipulate the cash flow from operating activities amount on the statement of cas

h flows?
a.
Adding depreciation back to net income to determine cash flow from operating activities.

b.
Including interest expense and tax expense in the calculation of cash flow from operating activities.

c.
Recording an item that should be recorded as an operating activity as an investing activity.

d.
The cash flow statement cannot be manipulated.
Business
2 answers:
AysviL [449]3 years ago
6 0

Answer:

<em>C. Recording an item that should be recorded as an operating activity as an investing activity. </em>

Explanation:

<em>Hope it helped</em>

nataly862011 [7]3 years ago
5 0
The answer to the question is c
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A firm's collection policy, i.e., the procedures it follows to collect accounts receivable, plays an important role in keeping i
kramer

Answer:

a) true

Explanation:

The average collection period could be computed by

= Total number of days in a year ÷ account receivable turnover ratio

It determines the number of days in which the customers pay the amount to the company.

If the payment is made within the prescribed time or early so it shows the goods performance else it reflects the worst performance

Therefore according to the given situation, if there is strictness in collection policy which ultimately reduced profit due to lost sales plays a very important role in shorten the collection period

3 0
3 years ago
g on january 1 playa company acquires 90 percent ownership in seaside corporation for 180,000 the fair value of noncontrolling i
Nana76 [90]

The question is incomplete, the complete question is:

On January 1, Playa Company acquires 90 percent ownership in Seaside Corporation for $180,000. The fair value of the noncontrolling interest at that time is determined to be $20,000. Seaside reports net assets with a book value of $200,000 and fair value of $200,000. Playa Company reports net assets with a book value of $480,000 and a fair value of $525,000 at that time, excluding its investment in Seaside. What will be the amount of consolidated net assets that would be reported immediately after the combination?

Answer:

$680,000

Explanation:

Since Playa Company owns 90% of Seaside Corporation, it is considered Seaside's parent company and it must include all of Seaside's assets when it presents its consolidated balance sheet.

Total net assets reported = $480,000 (Playa's net assets at book value) + $200,000 (Seaside's net assets) = $680,000

4 0
3 years ago
While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and c
DerKrebs [107]

Answer: a. Planning; b. Organizing; d. Controlling

Explanation:

Whenever people work to achieve a goal, various aspects of management are called into being. Ranging from planning to organizing etc.

Planning in simple is looking ahead.

It involves outlining a future course of action. It makes the things

to happen and involves formulating policies and procedures to achieve goals.

Organizing helps to achieve objectives by using available physical and human resources. When people work in groups, everyone in the group should

know what he/she is expected to achieve and with what resources. In

other words, organizing involves establishing authority-responsibility

relationships among people working in groups and creating a structural framework.

Control as a managerial function facilitates to know whether the actual performance is in conformity with the planned one so that, in the event of deviations, appropriate corrective measures could be taken. In the absence of adequate

control mechanism, unexpected changes in the environment may push the organisation off the track.

It is very observable how the Egyptians employed several management functions in building the ancient pyramids.

3 0
3 years ago
Item 15Item 15If Beck's Bicycles, Inc.'s income statement shows gross profit of $350 million, with operating expenses of $120 mi
Alinara [238K]

Answer:

$161 million

Explanation:

Given that,

Gross profit = $350 million

Operating expenses = $120 million

Tax rate = 30%

First, we need to find out the income before taxes by subtracting operating expenses from the gross profit then we are able to determine net income after taxes.

Income before tax:

= Gross profit - Operating expenses

= $350 million - $120 million

= $230 million

Net income after taxes:

= Income before tax - Taxes

= $230 million - (0.30 × $230 million)

= $230 million - $69 million

= $161 million

8 0
3 years ago
The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,619 Accounts r
abruzzese [7]

Answer:

46.07 days

Explanation:

Calculation for the firm's days' sales uncollected for the year

Using this formula

Days' Sales Uncollected Ratio = Ending Accounts Receivable/Net Sales * 365

Let plug in the formula

Days' Sales Uncollected Ratio = ($76,422/$605,500) * 365

Days' Sales Uncollected Ratio = 46.067 days

Days' Sales Uncollected Ratio = 46.07 days Approximately

Therefore the firm's days' sales uncollected for the year is: 46.07 days

5 0
2 years ago
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