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DiKsa [7]
4 years ago
11

On January 1, Year 2, Grande Company had a $66,800 balance in the Accounts Receivable account and a $2,000 balance in the Allowa

nce for Doubtful Accounts account. During Year 2, Grande provided $169,000 of service on account. The company collected $191,100 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account.
Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is:
Business
1 answer:
CaHeK987 [17]4 years ago
3 0

Answer:

Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is $127,890

Explanation:

Accounts Receivable from the Year 2:

$66,800 - $2,000 + $169,000 - $ 191,000 - 1% x $169,000 = $41,110

Net cash provided by operating activities that would appear on the Year 2 statement of cash flows: $169,000 - $41,110 = $127,890

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Mountain water corp. issued common stock of​ $28,000 to pay off​ long-term notes payable of ​$28,000. in what​ section(s) would
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Debra, age 51, is self-employed and has never made a lot of money. But, she has consistently saved $4632 per year into a traditi
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Answer:

D. $221072.

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5 0
3 years ago
Taxes a distort incentives and this distortion causes markets to allocate resources inefficiently. b do not distort incentives,
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Answer:

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budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed are called:
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Budgets that are revised by adding a new quarterly budget to replace the quarter that has just elapsed are called rolling budgets.

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