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3 years ago

14

Which of the following is excluded from gross income? (Points : 5) Prizes Scholarships for tuition Hobby income Rental income Al

l of the above are included in gross income

1 answer:

padilas [110]3 years ago

5 0

Im going to say All of the above

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Joe Carie, head accountant, is using the indirect method and the account balance from the balance sheet and income statement to

natita [175]

Answer: c) increase cash flow from operating activities.

Explanation:

If there is a decrease in the Accounts Receivable, this means that some receivables have settled their debt to the company which means that the company got cash. Cashflow therefore increases.

Accounts receivables relate to Sales which is part of the operations of the business so this is an increase in cashflow from operating activities.

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3 years ago

Alfredo Inc. reports net income of $239,000 for the year ended December 31. It also reports $91,600 depreciation expense and a $

Alisiya [41]

Answer:

Cash provided in operating activities is $ 366,000

Explanation:

<u>Cash flow from Operating Activities:</u>

<u></u>

Net profit: $ 239,000

Adjustments:

Add: Depreciation $ 91,600

Less: Gain on sale of equipment <u>$(5,450)</u>

Profit before working capital changes $325,150

Add: Decrease in Account Receivable $37,300

Add: Increase in Accounts Payable $16,650

Less: Decrease in Wages payable <u>$(13,100)</u>

<u>Cash provided in operating activities:</u> <u>$366,000</u>

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3 years ago

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Marine Components produces parts for airplanes and ships. The parts are produced to specification by their customers, who pay ei

natali 33 [55]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago

Prepare entries in a job order cost system and job cost sheets.

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Answer:

eraDXZ∂fvkm ≈√≈∫˜µ ƒuktkktukdkuku

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How does the existence of black market work against the intended purpose of rationing

zlopas [31]

Idk I don't know this question I'm not a 8th grader

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