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aivan3 [116]
3 years ago
13

Creble Company reported net income for 2016 in the amount of $40,000. The company's financial statements also included the follo

wing: Increase in accounts receivable $4,000
Decrease in inventory 2,000

Depreciation expense 3,000

Gain on sale of equipment 5,000

In the statement of cash flows what is net cash provided by operating activities under the indirect method?

$36,000.

$41,000.

$40,000.

$38,000.
Business
1 answer:
WITCHER [35]3 years ago
3 0

Answer:

$36,000

Explanation:

Net Cash = Net Income for 2016 - Accounts Receivable + Decrease in inventory + Depreciation expense - Gain on sale of equipment

=> Net Cash = $40,000 - $ 4,000 + $2,000 + $3,000 - $5,000

=> Net Cash = $36,000

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Global advertising -

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Answer:

land rents were high because grain prices were high..

Explanation:

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David Ricardo was a classical economist known for various economic theory. Some of his theories include :

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  2. Ricardian Equivalence
  3. Theory of comparative advantage
  4. Theory of rent

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David Ricardo defined rest as the part of the produce of an agricultural land that is paid to the landowner for the use of the land.  He postulated that  benefits of an increase in prices of grain accrue to land owners in the form of rent

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6.05 years

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