1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ella [17]
3 years ago
8

Accounts receivable from sales transactions were $45,427 at the beginning of the year and $61,370 at the end of the year. Net in

come reported on the income statement for the year was $124,042.
Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be ____.
Business
1 answer:
ZanzabumX [31]3 years ago
6 0

Answer:

The cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be $108,099

Explanation:

Cash Flow from Operating Activities adjusts the Net Income for the Year with (1) Non-Cash Items, (2) Items Appearing Elsewhere (3) Changes in Working Capital.

From the given data Net Cash flow from Operating Activities is Determined as follows:

<u>Cash flow from Operating Activities</u>

Net income                                                              $124,042

<em>Adjustment for Changes in Working Capital.</em>

Increase In Trade Receivables (61,370-45,427)    ($15,943)

Net Cash flow from Operating Activities              $108,099

You might be interested in
Garcia Wholesale Plumbing has seen its sales in the Southeast triple in the past two years. Materials handling director Barb Pet
jok3333 [9.3K]
I would say option D
5 0
3 years ago
When two people are talking, they want the listener to understand what they are saying. They both want to be effective communica
Sergeeva-Olga [200]
Salespeople have to develop a mutual trusting relationship with the customers has this determines the long term sales relationship that they can mutually benefit from. A part of developing trust with the customer includes a good and long effective communication between the two.
3 0
2 years ago
On July 1 the Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning $24,000 to Acme Realty for 6 months rent
pochemuha

Answer:

C) debit Rent Expense, $4,000; credit Prepaid Rent, $4,000.

Explanation:

July 1, prepaid rent fro 6 months

Dr Prepaid rent 24,000

    Cr Cash

July 31, adjusting entry to record rent expense

Dr Rent expense 4,000

    Cr Prepaid rent 4,000

total prepaid rent = 24,000 for six months

after one month, 24,000 / 6 = 4,000 must be recorded as rent expense and prepaid rent must be credited.

3 0
3 years ago
Why is expected income a large factor in choosing a retirement plan in which to invest?
RoseWind [281]
<span>Because you will be investing in it for the rest of your life. The yields should match the amount you are able to contribute. By doing this, you will be able the needs that needed to be made on current year while not throwing away the money for the future since the fruit of your retirement plan will be ripped when you're no longer in a productive age, 
</span>
8 0
2 years ago
Read 2 more answers
Direct-mail questionnaires should be kept to a maximum of how many pages? Question options: One Two Three Four
ipn [44]

Answer:

One

Explanation:

This is because of the need to have a quick grasp and interest of the audience.

6 0
3 years ago
Read 2 more answers
Other questions:
  • A partner's interest: a. is the same as the partnership property. b. cannot be attached by creditors. c. cannot be transferred.
    9·1 answer
  • You are torn between two saving accounts where to put your $1,500 in scholarship money for a year until you need it for next yea
    5·1 answer
  • A type of national lawmaking body that is common throughout Europe is known as a __________.
    15·2 answers
  • The Investments Fund sells Class A shares with a front-end load of 6% and Class B shares with 12b-1 fees of 1% annually as well
    9·1 answer
  • Active/passive she is watering the plants​
    15·1 answer
  • Manning Company uses the allowance method. At the end of its first year of operations, the company estimates that it will not co
    11·1 answer
  • Martinez Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $166,900 to $19
    5·1 answer
  • the true statement from the list below, regarding the Contribution Format Income statement. Multiple Choice The Contribution For
    10·1 answer
  • There are two reading assignments here. I encourage you to read Has Business Left Milton Friedman Behind and then skim/read the
    5·1 answer
  • How does an increase in the price of laptop memory chips affect the market of laptops?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!