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
Tatiana [17]
2 years ago
15

An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net income was $1,960,000. Deprec

iation expense was $530,000. Interest paid was $265,000. Income taxes paid were $132,500. Common stock was sold for $226,000. Preferred stock (8% annual dividend) was sold at par value of $276,000. Common stock dividends of $76,000 were paid. Preferred stock dividends of $22,080 were paid. Equipment with a book value of $126,000 was sold for $252,000. Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2021
Business
1 answer:
liubo4ka [24]2 years ago
4 0

Answer:

$2,364,000

Explanation:

cash flow from operating activities

Net Income -                         1960000

Add back depreciation -      530000

Gain on disposal of assets   (126000)

                                                $ 2364000

Statement of cash flow is a statement analyzing the the availability of cash and cash equivalent for the accounting period under the operating , investing and financial activities.

In preparing the statement of cash flow . non cash expenses are added back to the net income whine non cash revenue are deducted.

Interest paid and income tax paid are already treated in arriving at the net income , hence are are neither added or deducted from the net income

You might be interested in
Which of the marks of good leadership do you feel is the most important? (Take your time)
Alinara [238K]

Answer: I would say communication and honesty

Explanation: I pick these to bc if you want something done you have to ask ppl around you if you don't know and being honest is trustworthy jus don't lie all the time ya feel. this is my reasons

7 0
3 years ago
Which of the following bank services pays the customer compound interest?
Gnom [1K]
Based on the given question above, the correct answer for this would be option C. The bank service that pays the customer compound interest is a saving account. <span>A </span>savings account<span> is an interest-bearing deposit </span>account<span> held at a </span><span>bank. Hope this is the answer that you are looking for. Have a great day!</span>
4 0
2 years ago
Which of the following is a criterion that must be met in order for an item to be recognized as an intangible asset?
Amiraneli [1.4K]

Answer:

The item is identifiable and lacks physical substance.

Explanation:

Intangible asset: Intangible asset is that asset which cannot be seen or even touched. It has no physical existence.

Example: Goodwill, patents, trademarks, copyrights and other intellectual properties

In these types of assets, amortization is charged instead of depreciation.  

It neither used for production, nor its gains any scientific or technical knowledge, and its value neither measure reliability

Hence, option a is correct  

3 0
3 years ago
A key to positioning a product or brand effectively is discovering the perceptions of its potential customers. In determining it
Masja [62]

Answer:discover where the company's product or brand is on these attributes in the minds of potential customers.

Explanation: The position of a product in the minds of Customers or consumers is a vital factor in determining the sales that can be generated from the product. The perception of potential customers is necessary,so a good marketer or business organisations must ensure that it works to improve upon the perception of its customers concerning it's products or services.

discovering where the company's product or brand is on these attributes in the minds of potential customers is one of the four steps required.

8 0
3 years ago
When is it most beneficial and appropriate for a retailer to use a distribution center?.
Sophie [7]

Answer:

no

Explanation:

no because no is no but yk

8 0
2 years ago
Other questions:
  • What is a opportunity cost?
    6·1 answer
  • The purpose of the debt covenant that requires maintaining a minimum level of net working capital is to ________.A) protect the
    10·1 answer
  • Brothern Corporation bases its predetermined overhead rate on the estimated machine- hours for the upcoming year. Data for the m
    10·1 answer
  • There are many options available to consumers when it comes to breakfast cereals. So, if Kellogg's significantly increases the p
    8·1 answer
  • Engaging directly with the customer costs a business less in advertising then using traditional channels such as magazines and b
    15·1 answer
  • Reading out loud is an effective strategy for proofreading a written work? true or flase
    5·2 answers
  • What is the discount yield, bond equivalent yield, and effective annual return on a $2 million commercial paper issue that curre
    6·1 answer
  • Discuss perspectives in purchasing and purchasing in the future ​
    15·1 answer
  • A company that makes fasteners and sells them to many different
    15·2 answers
  • Question 7 of 10
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!