Answer and Explanation:
Q2) Calculate the amount that should be reported as net cash flow from operating activities:
Account Receivables = $40
Depreciation = $ 60
Since there is an in Account Receivables therefore it will be negative
Since depreciation is a non cash expense, therefore, it will be added
$60 - $40 = $20 (Net Cash flow from operating activities)
Q3) Amount as net income:
Revenue = $170
Depreciation ($60)
Net Income = $110
Q4)
Net inome = $170
Depreciation = $60
Increase in Accounts Receivables = ($40)
Net Cash flow from operating activities = $190
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Answer:
The correct answer is B.
Explanation:
Giving the following information:
If he does not earn any income, he receives $225 from each program. For each dollar he earns (which his employer is required to report to the welfare agency), his benefit from each program is reduced by 75 cents until the benefit equals zero.
Each program= 225
Combined earnings= 225*2= 450
A list of accounts and balances before adjustments are recorded is known as a(n) Unadjusted trial balance.
What is accounts?
The entry of a transaction in a financial statement is referred to as a “accounts.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity.
The unadjusted before trial balance as the adjustment of the record in the accounts. The trial balance as the entry in the double-entry account book, as the indicating the errors of the accounting.
As a result, the unadjusted trial balance, list of accounts and balances before adjustments are recorded.
Learn more about accounts, here:
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