Answer:
Computation of net cash provided by operating activities under the indirect method
<em>Cash flow from Operating Activities</em>
Net Income $370,000
<u>Adjastment for Non-Cash Items:</u>
Depreciation $92,500
<u>Adjastment of Other Items already included:</u>
Loss on Disposal of Plant Assets $37,000
Net Cashflow from Operating Activities $499,500
Explanation:
Indirect method makes adjastment to Net Income on the following items:
1.Non-Cash Items already included in the Calculation of Net Income
In this case Depreciation is a non-cash item and is added back to arrive at cash flow amount related to Net Income
2.Other items already included in other sections of cashflow statement
Loss on disposal is added back to Net Income. This relates to Activity in Investments
3. Changes to Working Capital
No further details applied to this section in the question.
Answer:
A.) February 21st
For the first quarter, this date is the date of declaration. In earlier years, this same dividend is what is paid. The price of the stock would not be affected too much by this.
B. March 13th
This is a date for ex dividend. The price in the stock market could fall by the same amount of the dividend.
C. March 15th
This date is the record date. The price cannot be influenced given that any stock that is traded in public is usually affected by the date of the ex dividend.
D. March 30tg
This date is the payment date. Liability is paid only as dividends payable.
Answer:
correct option is C. credit to Cash Short and Over for $8
Explanation:
given data
petty cash = $53
cash = $24
receipts = $37
solution
here credit to cash over and short that is
cash over and short = cash + receipts - petty cash .......................1
put here vale and we will get
cash over and short = $24 + $37 - $53
cash over and short = $8
so here correct option is C. credit to Cash Short and Over for $8