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]
3 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]3 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]3 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
Upon customer request, a dealer in a competitive municipal syndicate must disclose:__________.
soldi70 [24.7K]

Answer:

B. order priority provisions

Explanation:

When investors want to purchase municipal bonds in the primary markets, it is important for the issuer to prioritise orders from investors in a bond offering.

The underwriter must follow the issuer's priority of orders in allocating purchase orders for municipal bonds.

So in a competitive municipal syndicate when a customer asks for order priority provisions, it must be provided by the dealer.

This shows transparency of the process to the investor as he now knows when each order will be filled.

5 0
3 years ago
Google Ads was constructed around three core principles, focused on helping businesses reach their online potential. The first o
tia_tia [17]
Yes helpful information
4 0
3 years ago
Not adjusting the amounts reported in the financial statements for inflation is an example of which basic principle of accountin
Kaylis [27]

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

What is Monetary unit?

The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.

Therefore,

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

To learn more about monetary unit from the given link;
brainly.com/question/13415456

#SPJ4

8 0
2 years ago
Northwest Fur Co. started the year with $92,000 of merchandise inventory on hand. During the year, $425,000 in merchandise was p
Artyom0805 [142]

Answer:

$ 142,800.00  

Explanation:

The ending inventory can be computed by rearranging the cost of goods sold formula:

cost of goods sold=Beginning inventory+net purchases-ending inventory

ending inventory=beginning inventory+net purchases-cost of goods sold

beginning inventory is $92,000

Net purchases=purchases-discount+freight-in charges-purchase return

net purchases=$425,000-($425,000*1%)+$7000-($5000*99%)=$422,800.00  

cost of goods sold is $372,000

ending inventory=$92,000+$422,800-$372,000=$ 142,800.00  

8 0
3 years ago
Which of the following is NOT a section on the cash flow​ statement? A. Financing activities B. Income generating activities C.
Studentka2010 [4]

Answer:

The correct answer is (B)

Explanation:

Cash flow statement helps to identify the cash inflows and cash outflow. It shows how changes made can affect the cash statements of a company. The three sections of any cash flow statement are; financing decisions, investing decision and operating decision. These three parts are interconnected which affect cash inflows and cash outflows. Income-generating activity is not a section of the cash flow statement.

4 0
3 years ago
Other questions:
  • The risk management approach consists of three stages. Which of these is not a stage identified in the ITIL guidance? Choose the
    8·1 answer
  • Firm BUS106 now has 100,000 shares of common stock outstanding, and the total market value of equity equals $5,000,000. It also
    14·2 answers
  • The company president does not believe that the formula should be altered for fear it will tarnish the company's brand
    12·1 answer
  • An employee gets injured at work when he is stung by a bee, and follows the correct procedures for reporting a work injury to hi
    5·2 answers
  • Using Excel, 40 applicants apply for 5 similar positions in a company. How many different ways can the candidates be hired?
    8·1 answer
  • 3. Which NIMS Management Characteristic refers to the number of subordinates that directly report to a supervisor?
    12·1 answer
  • Michael is the project manager in a manufacturing company. He wants his organization to use technology for higher revenue and pr
    8·2 answers
  • g An investment bank agrees to underwrite an issue of 5 million shares of stock for Longard Corp. (1). If the investment bank un
    9·1 answer
  • When proving cash , cash balance is compared to _____.?
    6·1 answer
  • T or F #4 QUICKKK<br> One purpose of a quota is to limit imports.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!