Answer:
$152,500
Explanation:
Preparation of the operating activities section of Electronic Wonders' statement of cash flows using the indirect method
Cash flows from operating activities:
Net Income $96500
Adjustments for noncash effects:
Depreciation expense $50,200
Changes in current assets and current liabilities:
increase in accounts payable $23,900
Increase in income tax payable $20,400
Less Increase in prepaid rent ($38,500)
Net cash flows from operating activities $152,500
Therefore the operating activities section of Electronic Wonders' statement of cash flows using the indirect method is $152,500
Answer:
Check the explanation
Explanation:
Liquidating distributions in the problem are made in accordance to the preferred stock Since the activities may not meet the Section 332 requirements, the Section 332 rules will not apply to the case cited in the problem This means, Parent has to recognize a capital loss of 8.50,000 on the distribution The capital loss can only be used to offset capital gains.
Under the Section 165(03) rules for affiliated corporation's worthlessness securities, Parent can recognize an ordinary loss of 8.500,000 on the common stock The ordinary loss can be sued to offset ordinary income.
As per the given scenario, the interpersonal skill that should be used is negotiating effectively.
<h3>Who is a project manager?</h3>
A project manager refers to the person who is in overall charge of the planning and execution of a particular project.
As a project manager, the project is on number one priority. The interpersonal skill that is mainly used in this scenario is negotiating effectively.
Learn more about project manager here:
brainly.com/question/15610382
#SPJ1