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belka [17]
3 years ago
14

Excerpts from Neuwirth Corporation's comparative balance sheet appear below: Ending Balance Beginning Balance Cash and cash equi

valents $ 37,000 $ 27,000 Accounts receivable $ 24,000 $ 28,000 Inventory $ 65,000 $ 68,000 Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method?

Business
1 answer:
Artemon [7]3 years ago
3 0

Answer:

The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.

Explanation:

Account receivable:

= Ending balance - Beginning balance

= 24,000 - 28,000

= -4,000

Decrease in account receivable

Inventory:

= Ending balance - Beginning balance

= 65,000 - 68,000

= -3,000

Decrease in inventory

Since the Current assets have decreased therefore they should be added to net income.

The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.

Note: The options are missing from the question, so i have attached the options with the answer.

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The answer might be option no C

5 0
3 years ago
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9) Selected information regarding a company's most recent quarter follows (all data in thousands). 9) _______ Direct labor $540
disa [49]

Answer:

Direct material= $340

Explanation:

Giving the following information:

Direct labor $540

Beginning work in process inventory $330

Ending work in process inventory $420

Cost of goods manufactured $1620

Manufacturing overhead $830

T<u>o calculate the direct material used in production, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

1,620= 330 + DM + 540 + 830 - 420

Direct material= $340

6 0
3 years ago
Sales of blank______ began to increase in the early 1970s as many cigarette smokers apparently began to look for alternatives th
antiseptic1488 [7]

(.) Smokeless tobacco products.

<h3>How smoking cigarettes can cause lung cancer?</h3>

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Not every cell mutation results in cancer. But the more smoke a person inhales, the more mutations they'll experience, and the more likely it is that one of those mutations will be malignant. As a result, the chance of developing cancer increases with the length and frequency of a person's smoking. Notably, despite the fact that carcinogens frequently harm lung cells, they can also enter the bloodstream and spread throughout the body, resulting in a variety of cancers.

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4 0
1 year ago
Last year there was no change in either the raw materials or the work in process beginning and ending inventories. However, fini
dsp73

Answer:

d. $625,000

Explanation:

cost of goods available for sale = cost of goods manufactured during the current period + finished goods inventory at the beginning of the period

  • cost of goods manufactured during the current period = $600,000
  • finished goods inventory at the beginning of the period = $25,000

cost of goods available for sale = $600,000 + $25,000 = $625,000

cost of goods sold = cost of goods available for sale - ending inventory = $625,000 - $40,000 = $585,000

7 0
2 years ago
Which accounting assumption or principle is being violated if a company is a party to major litigation that it may lose and deci
joja [24]
The accounting assumption is the full disclosure. For a business, the full disclosure rule requires an organization to give the important data with the goal that individuals who are acclimated to perusing monetary data can settle on educated choices concerning the organization. 
A disclosure is an extra data connected to an element's money related proclamations, normally as a clarification for exercises which have fundamentally affected the substance's monetary outcomes.
8 0
3 years ago
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