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SVEN [57.7K]
2 years ago
15

Alfredo Inc. reports net income of $247,000 for the year ended December 31. It also reports $95,100 depreciation expense and a $

5,850 gain on the sale of equipment. Its comparative balance sheet reveals a $38,900 decrease in accounts receivable, a $17,450 increase in accounts payable, and a $13,650 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
Business
1 answer:
Illusion [34]2 years ago
3 0

Answer:

$378,950

Explanation:

Cash provided (used) in operating activities using the indirect method:

=  Total net income + Depreciation - Gain on sale of equipment + Decrease in accounts receivables + Increase in accounts payable - Decrease in wages payable

= $247,000 + $95,100 - $5,850 + $38,900 + $17,450 - $13,650

= $378,950

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pogonyaev

Answer:

b) $1,900

Explanation:

The computation of the total liabilities is shown below:

= Accounts Payable + Deferred revenue

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MariettaO [177]

The research and testing costs associated with the new ovens is said to arise from a product-sustaining activity.

Explanation:

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3 years ago
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3 years ago
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Answer:

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2 years ago
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