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
Scilla [17]
3 years ago
5

Marks Corporation's balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cas

h equivalents $ 47 $ 37 Accounts receivable 53 57 Inventory 63 60 Property, plant, and equipment 548 440 Less accumulated depreciation 295 255 Total assets $ 416 $ 339 Liabilities and stockholders' equity: Accounts payable $ 52 $ 50 Bonds payable 260 250 Common stock 51 50 Retained earnings 53 (11 ) Total liabilities and stockholders' equity $ 416 $ 339 Net income for the year was $77. Cash dividends were $13. The company did not dispose of any property, plant, and equipment, retire any bonds payable, or repurchase any of its own common stock during the year. Required: Prepare a statement of cash flows in good form using the indirect method.
Business
1 answer:
Vinvika [58]3 years ago
3 0

Answer:

<u>statement of cash flows using the indirect method.</u>

Cash Flow from Operating Activities

Net income for the year was                                              $77

Adjustment of Non-Cash Items :

Depreciation                                                                        $40

Adjustment for Working Capital items:

Decrease in Accounts receivable                                       $4

Increase in Inventory                                                          ($3)

Increase in Accounts Payable                                             $2

Net Cash From Operating Activities                                $120

Cash Flow from Investing Activities

Purchases of Property, plant, and equipment              ($108)

Net Cash used in Investing Activities                            ($108)

Cash Flow from Financing Activities

Proceeds from Common Stock Issue                                 $1

Dividends Paid                                                                  ($13)

Net Cash used in Financing Activities                             ($12)

Net Cash Inflow/(Outflow) during the period                   $10

Cash and Cash Equivalents at Beginning of the Period $37

Cash and Cash Equivalents at End of the Period            $47

Explanation:

<u>Show the Movement of Cash in the 3 categories of </u>

  1. Cash flow from Operating Activities
  2. Cash flow from Investing Activities
  3. Cash flow from Financing Activities
You might be interested in
Snap chat??? type it in need friends );
nirvana33 [79]

i don't have it and just warning you the question will be deleted i have see that many times                                                

5 0
3 years ago
Read 2 more answers
how much of the variation in worker wages can be accounted for by such measurable explanatory factors?
kumpel [21]

Answer:

I don't know. I think a lot of the variability in wages would be due to statistical noise.

7 0
2 years ago
Marginally attached workers are people who are a. looking for a better job than they currently have. b. not working and are not
lisabon 2012 [21]

Answer:

The correct answer is B

Explanation:

Marginally attached workers are those workers or person who are not in the labor force but want and also available for work and the persons looked for a job sometime in the previous twelve months.

These kinds of workers will not counted as an unemployed worker due to they had not looked for work in previous 4 weeks, for any reason.

So, the marginally attached workers or persons are those people who are not working yet but looking for work and will also work if asked.

7 0
3 years ago
Any person who engages in the business of claiming, demanding, charging, receiving, collecting, or contracting for the collectio
tiny-mole [99]

Answer:

1. Apartment Information Vendor

Explanation:

<u><em>Those persons who involve in the business of claiming, charging, demanding,  receiving, etc information regarding location and availability of real property, including apartment housing, which may be rented,  leased, shared as a private residence or place of residence is known as </em></u><em>Apartment information </em>vendor. <em>It is the responsibility of licensees to get understand the law of Apartment Information Vendors License which is specified in section 190.1 of this Part and a completely executed separate escrow agreement as specified in subdivision (d) of this section.</em>

5 0
3 years ago
What is not a reason that people have trouble saving for emergencies?
Studentka2010 [4]
They are too wealthy?
7 0
3 years ago
Other questions:
  • The _________________________ adds insight into what the organization must do to respond to adverse events, minimize the damage
    7·1 answer
  • When a vacuum cleaner salesman persuades people to let him vacuum their living room for free, he is likely to increase his chanc
    13·1 answer
  • Pelican Cove Corporation is trying to decide whether to invest in equipment to manufacture a new product. If the investment proj
    11·1 answer
  • A company sold equipment that originally cost $160,000 for $96,000 cash. the accumulated depreciation on the equipment was $64,0
    6·1 answer
  • Candy Emporium is a legal entity whose assets and liabilities are separate from its owners. It can receive, own, and transfer pr
    14·2 answers
  • The Gorman Group issued $900,000 of 13% bonds on June 30, 2016, for $967,707. The bonds were dated on June 30 and mature on June
    7·1 answer
  • Suppose there is a rash of pickpocketing. As a result, people want to keep less cash on hand, decreasing the demand for money. A
    11·2 answers
  • A local ice-cream parlor has 100 customers in the "rush" hour between 5PM and 6PM (assume that the customers arrive according to
    5·1 answer
  • Johnson Co. has 1,000,000 euros as payables due in 30 days, and is certain that the euro is going to appreciate substantially ov
    10·1 answer
  • Which work measurement technique breaks down tasks into a series of generic micromotions?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!