China is considered to have a Chinese culture
Answer:
The general term "cash" is used to describe paper money that is exchanged for goods and services. When the term "cash is used by corporate treasurers they are often referring to currency and demand deposits which are considered to be cash equivalents. These cash equivalents include highly liquid marketable securities that can be sold rather quickly at a predictable price which makes them attractive to corporate treasurers.
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The total inventory can be calculated by adding the initial or beginning inventory which is equal to $600 and the cost of goods sold, $1,400. That is,
T = $600 + $1,400
T = $2,000
Then, we subtract the ending inventory of $800 from the calculated value.
S = $2,000 - $800
S = $1,200
Hence, the answer to this item is the first choice.
Answer:
$265,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.
Net cash provided by operating activities for the year
= $242,000 - $32,000 - $10,000 + $65,000
= $265,000