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katovenus [111]
3 years ago
14

Accounts receivable arising from sales to customers amounted to $80,000 and $65,000 at the beginning and end of the year respect

ively. Net income reported on the income statement for the year was $150,000. Exclusive of the effect of other adjustments, the cash inflows from operating activities to be reported on the statement of cash flows are: a.$259,000. b.$200,000. c.$120,000. d.$165,000.
Business
1 answer:
Fittoniya [83]3 years ago
4 0

Answer:

d. $165,000

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

The computation is shown below:

Cash flow from Operating activities  

Net income                   $150,000

Add: Decrease in accounts receivable $15,000      ($65,000 - $80,000)

Net Cash flow from Operating activities           $165,000

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$483,000.987

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Explanation:

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4 0
3 years ago
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Answer:

The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.  

In this case,  the cost of opportunity is the  benefit that could have been received at the street festival,  because that is the option you leave behind.

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2 years ago
The journal entry to record employer payroll taxes owed affects ______.
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The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

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3 years ago
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