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Colt1911 [192]
3 years ago
13

Based on this income statement for Company XYZ for the year ending December 31, 2014, what adjustment would need to be made to N

et Income to account for Gain or Loss in calculating cash flow from Operating Activities using the indirect method
Business
2 answers:
RoseWind [281]3 years ago
6 0

Answer:

a) Adjustment of (16,000) in the operating section.

Explanation:

While preparing the operating activities section of the cash flow statement, the net income, depreciation expense, amortization expense, loss on sale of an asset should be added and the profit on sale should be deducted

So there is the loss of $30,000 that should be added and the gain on sale should be deducted i.e. $46,000

So there is an adjustment of -$16,000 in the operating activities section

Dafna11 [192]3 years ago
4 0
<h2>A</h2>

Hope it helps you!

-miraculousfanx-

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Brian is responsible for the promotions and public relations of his firm, which produces rubber tires. a recent development in t
brilliants [131]

Answer:

Not newsworthy.

Explanation:

The news is not worth publishing because this is not something that excites the public or catches their attention.

When you are in public relations and you need to advertise and promote a company and it's products, the idea is to capture the imagination of your target audience.

In this example, the news proposal will rightly be rejected because it does not seem to serve any of these purposes.

8 0
3 years ago
During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal
Kobotan [32]

Answer:

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

 Account payable (open) + Purchases - Accounts payable(end) = Paid cash

 Accounts payable (open) + 201400-59900= 186500

Accounts payable (open)= 186500+59900-201400

                                       = $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.

   A/c receiable during period= 449600-115800+130770

                                       = $464570.

As we know that:

Cash (open) + Cash collected - Cash (end)= Cash payment during period.

46200+248600 - 56770 = Cash payments during year.

Cash payment during year = $351570.

4 0
3 years ago
Katie Homes and Garden Co. has 14,000,000 shares outstanding. The stock is currently selling at $66 per share. If an unfriendly
Nesterboy [21]

Answer:

a. 2,800,000 shares

b. $49.50

Explanation:

a. Poison is a tactic used by a company threatened with an unwelcome takeover bid to make itself unattractive to the bidder

Shares that the unfriendly outside group must acquire for the poison pill to go into effect is

= 20% of 14,000,000 shares.

= 14,000,000 × 20%

= 2,800,000 shares

b. The new purchase price for the existing stockholders will be

=$66 × (1 - 0.25)

= $49.50

7 0
3 years ago
Millburg Corp. uses the periodic inventory method. Millburg's beginning inventory is $10,000. During the year, Millburg purchase
Annette [7]

Answer:  $13,000

Explanation:

Given that,

Beginning inventory = $10,000

Inventory purchased = $8,000

Ending inventory = $5,000

Company uses the periodic inventory method,

Cost of goods sold = Beginning inventory + Inventory purchased - Ending inventory

                                = $10,000 + $8,000 - $5,000

                                = $13,000

6 0
3 years ago
Seigel Co. maintains a defined-benefit pension plan for its employees. At each balance sheet date, Seigel should report a pensio
chubhunter [2.5K]

Answer:

d.funded status relative to the accumulated benefit obligation.

Explanation:

Employees should be informed funded status relative to the accumulated benefit.

7 0
3 years ago
Read 2 more answers
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