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gregori [183]
4 years ago
6

Net income for the year for Carrie, Inc. was $750,000, but the statement of cash flows reports that net cash provided by operati

ng activities was $860,000. What might account for the difference?
Business
1 answer:
dybincka [34]4 years ago
3 0

Answer:

The difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

Explanation:

The net cash flow from operating activities is calculated after adding and deducting certain items and adjustments to net income to get operating cash flow.

First of all, the gains or losses from sale of fixed assets are adjusted, losses are added back and gains are deducted, to get income from operations.

All the non cash transactions that is unrealized gains or losses are eliminated.

Depreciation being non cash is added back.

All the changes in working capital is adjusted.

Increase in value of current assets are deducted, decrease in value of current assets are added, increase in current liability is added and decrease in current liabilities is deducted.

Thus, after all these adjustments the cash flow from operating activities is calculated.

In the given instance also, the difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

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The issuer must be of the organization where <u>Securities issued by nonprofit organizations are exempt from </u><u>federal registration</u><u>, regardless of how they are sold.</u>

<h3>What is federal registration?</h3>
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3 0
2 years ago
Farm products which are perishable and seasonal nature are supplied by
Daniel [21]

Answer:

★  Farm products which are perishable and seasonal nature are supplied by many producers.

Explanation:

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8 0
3 years ago
Money is an unlimited resource.<br><br> TRUE<br><br> FALSE
Yanka [14]
You use money everyday and my answer would be a false
8 0
4 years ago
When analyzing financial statements it is important to recognize that accounting distortions can arise. Accounting distortions a
Lunna [17]

Answer:

The correct answer is B. arise often through application of (correct) accounting principles .

Explanation:

Accounting analysis is an important precondition for an effective financial analysis. This is because the quality of the financial analysis, and the inferences made, depends on the quality of the implicit accounting information, the raw material for the analysis. Even though the accounting according to the accumulation principle allows to perceive the financial performance and condition of a company, which is not possible in the case of cash-based accounting, the imperfections of the company can distort the economic content of the financial reports.

5 0
3 years ago
Patricia made her career planning timeline in the year 2007. In what year
amm1812

Answer:

<h2>A. 2007 </h2>

Explanation:

Hope this is helpful

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