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Natasha2012 [34]
3 years ago
11

Zokro, a nongovernmental not-for-profit organization, uses the indirect method to prepare its statement of cash flows. In determ

ining its net cash provided (used) by operating activities, Sokro must add back which of the following to the change in net assets?
A. Purchase of equipment.
B. Payment on long-term debt.
C. Depreciation.
D. Decrease in accounts payable.
Business
1 answer:
USPshnik [31]3 years ago
6 0

Answer:

C. Depreciation

Explanation:

The Indirect method reconciles the Operating income to the Operating Cash flow by adjusting the following items (i) Non -Cash Items previously added or deducted from Operating Profit and (ii) Changed in Working Capital items. From the given options, only depreciation is added back as it was previously deducted from Operating Income.

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Katie’s Cleaning Service has cleaning contracts for 15 apartments, 45 family homes, and 25 office buildings. She estimates that
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Answer:

correct option is B: $29,000

Explanation:

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solution

we get here Total Budgeted hours that is

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Homes                   45                 6                    4                      1080

Office                     25                10                    4                     1000

Total Budgeted hours need per month                                2320

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