1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VikaD [51]
2 years ago
11

Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte

d in the statement, if at all. Assume that net income is reported as $90,000. Accounts receivable increased from $34,000 to $39,000 from the beginning to the end of the year. LINK TO TEXT During the year, 10,000 shares of preferred stock with a par value of $100 per share were issued at $115 per share. LINK TO TEXT Depreciation expense amounted to $14,000, and bond premium amortization amounted to $5,000. LINK TO TEXT Land increased from $10,000 to $30,000.
Business
2 answers:
otez555 [7]2 years ago
6 0

Answer:

Answer 1 - increment in money due will go under working exercises and $4000 will be appeared in negative there since it will decrease the money balance  

Answer 2 - issuance of preferred stock will go under financing exercises and since they are giving offers so income will increment by $115 × 10000 = $1150000  

Answer - 3 For devaluation Because we start setting up the announcement of incomes utilizing the overall gain figure taken from the salary explanation, we have to alter the net gain figure with the goal that it isn't diminished by Depreciation Expense. To do this, we include back the measure of the Depreciation Expense. So we have to add $14000 to net gain of $90000  

For bond premium amortization, its recorded in the working exercises area of the announcement of incomes. Under the roundabout strategy, the amortization of security premium is deducted from net gain since it decreases premium cost and, along these lines, expands net gain without a real money inflow.  

Answer - 4 Acquisition of property will go under contributing activities so in the event that we purchase more place where there is $20000, at that point it will lessen the money by $20000

lisov135 [29]2 years ago
3 0

Answer:

See explanation below.

Explanation:

1. Net income will be adjusted downward by deducting $5,000 from $90,000 and then reporting cash from operating activities as $85,000.

2. The issuance of the preferred stock is a financing activity. The issuance is reported as:

i. cash flows from financing activities.

ii. Issuance of preferred stock $1,150,000

(c) Net income will be adjusted as:

I. Cash flows from operating activities.

ii. Net income $90,000.

Adjustments to reconcile net income to net cash provided by operating activities:

i. Depreciation expense $14,000

ii. Premium amortization $5,000

iii. Net cash provided by operating activities $99,000

(d) The $20,000 increment shows an investing activity. The increase in Land is reported as follows:

Cash flows from investing activities:

Investment in Land $20,000.

You might be interested in
How people choose among the alternatives available to them is:?
Over [174]
Propone dondthe demos dkkdndi
7 0
3 years ago
What can we learn from the employment data? Assume Country X has the following statistics: Total relevant population = 50,000,00
svlad2 [7]

Answer:

Country x

Population size 50,000,000

Full time students 4,200,000

Not employed & not searching 6,000,000

Not employed and searching 2,336,000

Employed 29,664,000

Labour force is defined as the population of the economy currently engaged in some employment and those jobless but available or searching for employment

Labour force is 32,000,000

Labor force participation rate is the labor force divided by the population size.

= 64%

Unemployment rate is defined as members of a country not employed and are searching or seeking employment.

= 4.7%

3 0
2 years ago
Which type of plan is created when a community builds a new mass transit system?
Murrr4er [49]
I think its B.short-term plan
7 0
2 years ago
Read 2 more answers
Whispering Winds Corp. purchased a delivery van with a $52000 list price. The company was given a $4200 cash discount by the dea
Alex777 [14]

Answer:

$50,500

Explanation:

Calculation for by how much will Whispering Winds Corp. increase its van account

Using this formula

Increase in Van account =List price- Cash discount + Sales tax paid

Let plug in the formula

Increase in Van account=$52,000-$4,200+2,700

Increase in Van account=$50,500

Therefore by how much will Whispering Winds Corp. increase its van account will be $50,500

4 0
2 years ago
Using the same amount of time and resources, Tomer can either write 100100100 lines of code or process 202020 reports, and Charl
Sindrei [870]

Answer:

Charlotte  should focus more in  writing lines of  code as an advantage while Tomer should focus more in reports.

Explanation:

<em>The two agent should concentrate in what  they tend to produce, and that they should take a good advantage of it.</em>

<em>Charlotte has a advantage that is related in writing code lines and Tomer has a have a  good advantage in report writing</em>

6 0
3 years ago
Other questions:
  • This information relates to Hanshew Real Estate Agency.
    14·1 answer
  • What is one way to begin saving startup capital?
    8·1 answer
  • Braxton Corp. has no debt but can borrow at 6.7 percent. The firm’s WACC is currently 8.5 percent, and the tax rate is 35 percen
    15·1 answer
  • The __________ insures deposits held in credit unions.
    6·2 answers
  • 1. Determine the utilization and the efficiency for each of these situations: a. A loan processing operation that processes an a
    7·1 answer
  • PLEASE HELP ASAP!!! (There are 5 questions)
    14·1 answer
  • Ginny was hired by her company because she agreed to work overtime and carry out all tasks assigned to her as per the instructio
    13·2 answers
  • The following information describes the production activities of Mercer Manufacturing for the yearActual direct materials used 3
    6·1 answer
  • The subject of the auditing procedure inspecting is least likely to be: a. lease agreements. b. physical assets. c. personnel. d
    6·1 answer
  • Profit Suppose that the daily profit (in dollars) from the production and sale of x units of a product is given byP180xx21000200
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!