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nordsb [41]
3 years ago
15

For each item listed below, indicate the effect on net income in arriving at cash flows from operations by choosing one of the f

ollowing code letters. Code Cash Flows from Operating Activities Add to Net Income A Deduct from Net Income D 1. A decrease in accounts receivable 2. Increase in inventory 3. Increase in prepaid expenses 4. A decrease in accounts payable 5. Decrease in accrued liabilities 6. Increase in income taxes payable 7. Depreciation expense 8. Loss on sale of investment 9. Gain on disposal of equipment 10. Depletion expense2) Please complete the following:Net Income......................................................................................... $177,000Adjustments to reconcile net income to net cash provided by operating activities:Depreciation expense, $15,000........................................................ _______Increase in accounts receivable, $45,000........................................... _______Increase in inventory, $22,000......................................................... _______Decrease in accounts payable, $11,800............................................. _______Increase in income taxes payable, $1,500.......................................... _______Gain on sale of land, $5,000............................................................ _______
Net cash provided (used) by operating activities.................................. _______
Business
1 answer:
Liono4ka [1.6K]3 years ago
6 0
1 2 5 são números par thank from e escreva-se
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Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry shoul
grigory [225]

Answer:

c. credit to notes payable

Explanation:

Based on the information given we were told that the Equipment which cost the amount of $16000 was purchased by paying the amount of $4000 as cash which means that if the company sign a NOTE PAYABLE for the remainder. The journal entry should include a: CREDIT TO NOTES PAYABLE

5 0
3 years ago
Match each type of business with one of its features.
jekas [21]

Answer:

Explanations below

Explanation:A) Sole proprietorship: sole decision making by the proprietor

B) General partnership: there is a profit sharing ratio as agreed by partners

C) Public corporation: it is independent of government.

D) Government corporation: Government has 100% ownership or partly owned with over 50% shares.

3 0
3 years ago
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Unlike direct materials, the sum of all the direct labor variances is always equal to the flexible budget variance.
blsea [12.9K]

Answer:

A. True

Explanation:

Unlike direct materials, the sum of all the direct labor variances is always equal to the flexible budget variance. Also, a negative direct labor efficiency variance is considered favorable one. And for a direct labor, if the efficiency and rate variances are both negative, then the flexible budget variance will be unfavorable. Therefore, the statement of the question is true.

7 0
3 years ago
For a more high pressure situation, what style of management is best to support your groupImmersive Reader
kondaur [170]

Answer:

b i think it is the best answer

5 0
3 years ago
Raspberry Company's actuary has computed its prior service cost to be $8,000,000. Raspberry amortizes the prior service cost by
Andrews [41]

Answer: $910,000

Explanation:

Pension expense is calculated by the formula:

= Prior Service cost  for the year+ Service cost + Interest cost - Expected return on plant assets

Prior Service cost = Prior service cost / Service life of active employees

= 8,000,000 / 20

= $400,000

Expected return on plan assets = Plan assets * Interest rate

= 1,500,000 * 10%

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Pension expense = 400,000 + 560,000 + 100,000 - 150,000

= $910,000

3 0
3 years ago
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