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Irina-Kira [14]
3 years ago
11

The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable

decreased by $10,000 and inventories decreased by $30,000. Prepaid expenses increased by $1,000 and accounts payable increased by $8,000. How much cash was provided by operating activities? Select one: a. $337,000. b. $329,000. c. $301,000. d. $321,000.
Business
1 answer:
Ilya [14]3 years ago
3 0

Answer:

a. $337,000

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased

Let plug in the formula

Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000

Cash provided by Operating activities=$337,000

Therefore the cash provided by operating activities was $337,000

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the text presents three arguments in support of global advertising. what are those three arguments? multiple select question.
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Does LinkedIn really a good place to start business?
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3 years ago
The following list shows the items and prices for a restaurant order. Calculate the total amount if there is a 7% tax and the cu
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Total Amount

Explanation:

Total Amount -  $65.10

1 appetizer: $7.39=7.39

2 entrees: $16.99 each=  2 * 16.99=33.98

1 dessert: $5.29= 5.29

2 drinks: $2.30 each=4.6

cost = 7.39 + 33.98 + 5.29 + 4.6 =$51.26

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3 years ago
Beth is a shareholder of Cotton Clothes, Inc., whose management is considering extending its operations through some type of com
Vitek1552 [10]

The correct option is c. ​a sale of substantially all of the corporate assets.

Beth could normally exercise appraisal rights if Cotton participates in sale of substantially all of the corporate assets.

<h3>What are appraisal rights?</h3>

The legal right of a company's board of directors to have a court action or independent appraiser establish an acceptable stock price and compel the purchasing corporation to buy shares at a certain price is known as an appraisal right.

Some key features regarding appraisal rights are-

  • A company's shareholders have the legal right to request a judicial procedure or an independent valuation of a company's shares in order to establish the stock price's fair market value. This legal right is known as an appraisal right.
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The complete question is -

Beth is a shareholder of Cotton Clothes, Inc., whose management is considering extending its operations through some type of combination or acquisition with Denim Jeans Corporation. Beth could normally exercise appraisal rights if Cotton participates in​

a. ​none of the choices.

b. ​a termination.

c. ​a sale of substantially all of the corporate assets.

d. ​a tender offe

6 0
2 years ago
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