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aliina [53]
3 years ago
10

The income statement for the year ended December 31, 2017, for Laskowski Manufacturing Company contains the following condensed

information.
Laskowski Co. Income Statement
Sale Revenues $6,583,000
Operating expenses
(excluding depreciation) $4,920,000
Depreciation expense 880,000 5,800,000
Income before income tax 783,000
Income tax expense 353,000
Net income $430,000
Included in operating expenses is a $24,000 loss resulting from the sale of machinery for $270,000 cash. The company purchased machinery at a cost of $750,000. Laskowski reports the following balances on its comparative balance sheets at December 31.
Laskowski Co. Comparative Balance Sheets (Partial)
2017 2016
Cash $672,000 $130,000
Accounts receivable 775,000 610,000
Inventory 834,000 867,000
Accounts payable 521,000 501,000
Income tax expense of $353,000 represents the amount paid in 2017. Dividends declared and paid in 2017 totaled $200,000. Here were no new borrowings but $113821 of existing debt was paid off. Prepare the statement of cash flows using the indirect method.

Business
1 answer:
djverab [1.8K]3 years ago
4 0

Answer:

The cash flow the operation is 1204119

Explanation:

The table is attached below

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stealth61 [152]

The name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees is called:

  • <u>Brainstorming</u>

According to the given question, we are asked to state the  name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees.

As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative  to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit

Read more here:

brainly.com/question/20482811

7 0
2 years ago
Lyons Company deducts insurance expense of $210,000 for tax purposes in 2021, but the expense is not yet recognized for accounti
Goryan [66]

Answer:

$42,000

Explanation:

Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.

Insurance expense of $210,000

Tax rate of 20%

( $210,000 × .20 )

=$42,000

Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000

6 0
3 years ago
Career skills refer to the complicated tasks performed on the job <br><br> T or F
aksik [14]
The answer is  fales hope i helped
3 0
3 years ago
Read 2 more answers
Stark Industries was just rated number one for job satisfaction on a survey compiled by an outside entity. The report cited that
Xelga [282]

Answer:

organizational commitment; perceived stress

Explanation:

Organizational commitment is the psychology of the employee towards his organization. This may be good and bad. If employee is happy with his work environment he will try to give the 100% of his job and its increases his working capacity. Employee think good about his organization and want stick with the organization passionately for a longer time. So they have low level of perceived stress.

According to the analysis, strong organizational commitment and reported low levels of perceived stress is the reason that stark industries was rated number one for job satisfaction.

3 0
3 years ago
If $1000 is invested at 6% interest, compounded annually, then after n years the investment is worth an
Temka [501]

Answer:

Results are below.

Explanation:

Giving the following information:

Initial investment= $1,000

Annual interest rate= 6% = 0.06

Number of periods= n

<u>To calculate the future value after "n" periods, we need to use the following formula:</u>

FV= PV*(1+i)^n

<u>For example:</u>

n= 6 years

FV= 1,000*(1.06^6)

FV= $1,418.52

6 0
2 years ago
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