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
fomenos
2 years ago
11

Baxter Company reported a net loss of $13,000 for the year ended December 31. During the year, accounts receivable decreased by

$5,000, merchandise inventory increased by $8,000, accounts payable increased by $10,000, and depreciation expense of $4,000 was recorded. During the year, operating activities;a. used net cash of $2,000b. provided net cash of $8,000c. provided net cash of $2,000d. used net cash of $8,000
Business
1 answer:
stepan [7]2 years ago
6 0

Answer:

a. used net cash of $2,000

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net loss -$13,000

Adjustment made:

Add : Depreciation expense $4,000

Add: Decrease in accounts receivable $5,000

Less: Increase in inventory -$8,000

Add: Increase in accounts payable $10,000

Total of Adjustments $11,000

Net Cash flow from Operating activities                   -$2,000

You might be interested in
Three important forms of long-term (capital) expenditures are
Anna35 [415]

Answer:

Explanation:

Expenditure made to reduce costs; Expenditure made to increase revenue; Expenditure which is justified on non-economic grounds.

6 0
3 years ago
Suppose there were several large outstanding checks on the year-end bank reconciliation that did not clear the bank by the cutof
BigorU [14]

Insufficient funds and irregular signatures are reasons why a cheque may not be cleared in time.

<h3>What is a Cheque?</h3>

This can be defined as a written, dated, and signed instrument which directs a bank to pay a specific sum of money to the bearer.

Insufficient funds and irregular signatures may delay the clearing of cheque which is a result of human error and could lead to returning it.

Read more about Cheque here brainly.com/question/24555580

4 0
2 years ago
Personal Finance<br> What is a motive?
AleksAgata [21]
Motive is the reason behind the demand which in most cases is either money or quality 
8 0
3 years ago
Distinguish between small and large office.<br>​
KonstantinChe [14]

Answer:

A small office is usually found in a small organisation because the volume of clerical activities is small.  An example of a large office is a bank. A factory could also be an example of a large office if it has more than ten people working in it. In a large office, work is divided among the many clerical workers.

4 0
2 years ago
Account junral entire of Rai account was settled by cash of rs 24000<br>​
kifflom [539]

Answer:

cash A/C•••••••••••Dr.

To,Rai´s A/C

7 0
2 years ago
Read 2 more answers
Other questions:
  • Observational data refer to facts and figures newly collected for the project at hand. facts and figures obtained by asking peop
    10·1 answer
  • ​A boy migrated from Honduras through Guatemala and Mexico, thenentered the United States without immigration documents, because
    11·1 answer
  • Ownership of a put option entitles the owner to the __________ to ___________ a specific stock, on or before a specific date, at
    15·1 answer
  • Which of the following is considered a psychographic​ characteristic?
    9·1 answer
  • FetchFun Inc. is currently an all-equity firm with 20 million shares outstanding and a stock price of $7.50 per share. FetchFun
    5·1 answer
  • Connections between cargo vessels or trucks and transportation networks may eventually lead to the development of smart transpor
    9·1 answer
  • Your sister is thinking about starting a new business. The company would require $300,000 of assets, and it would be financed en
    7·1 answer
  • atman Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total A
    10·1 answer
  • Rainey Company's true cash balance at October 31 is $4,700. The following information is available for the bank reconciliation:
    11·1 answer
  • The question of how a tax change might impact U.S. economic output is most closely associated with the study of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!