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amid [387]
3 years ago
12

The net income reported on the income statement for the current year was $250,000. Depreciation recorded on fixed assets and amo

rtization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $ 50,000 $ 60,000 Accounts receivable 112,000 108,000 Inventories 105,000 93,000 Prepaid expenses 4,500 6,500 Accounts payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?
Business
1 answer:
Semmy [17]3 years ago
6 0

Answer:

<u>Cash flows from operating activities  271,000</u>

Explanation:

net income 250,000

depreciation +40,000

amortization +9,000

Net Income adjusted 299,000

↑AR -4000

↑Inventories -12,000

↓Prepaid Expenses 2000

↓AP -14,000

Changes in working capital -28,000

Cash flows from operating activities  <em>271,000</em>

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2 years ago
A select list of transactions for Anuradha's Goals follows:
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Answer:

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7 0
3 years ago
Technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on
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Answer: True

Explanation:

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This type of activity has greatly influenced poverty reduction and the high rates that occurred when people had to send money over certain distances. In countries like Somalia, there are no longer any traces of physical money, everything is virtual. In this way, the country has achieved economic stability for years. People increasingly consume through their mobile phones, making in an easier way all kind of payments.

7 0
3 years ago
you expect it to pay a dividend of $3 in 1 year, $4.25 in 2 years, and $6.00 in 3 years. You expect to sell the stock for $100 i
Rus_ich [418]

Answer:

$81.52

Explanation:

In this question, we are asked to state the price to pay for a stock at this present day.

To calculate this, we compute it mathematically.

Mathematically, we have;

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7 0
3 years ago
The employees of Pi's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical polici
vfiekz [6]

Answer:

c. ethical climate.

Explanation:

<em>Ethical Climate is the moral atmosphere that domains and is practiced by a company in a work environment. </em>

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
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