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Shkiper50 [21]
3 years ago
11

"S Company reported net income for 2021 in the amount of $460,000. The company's financial statements also included the followin

g: Increase in accounts receivable $ 75,000 Decrease in inventory 62,000 Increase in accounts payable 230,000 Depreciation expense 103,000 Gain on sale of land 147,000 What is net cash provided by operating activities under the indirect method?"
Business
1 answer:
jekas [21]3 years ago
3 0

Answer:

$633,000

Explanation:

Calculation to determine net cash provided by operating activities under the indirect method

Using this formula

Net cash provided by operating activities=Net income-(+Increase in accounts receivable)-(-Decrease in inventory )+Increase in accounts payable+Depreciation expense -Gain on sale of land

Let plug in the formula

Net cash provided by operating activities=$460,000 -(+$75,000)-(-$62,000) + $230,000 +$103,000 - $147,000

Net cash provided by operating activities=$633,000

Therefore net cash provided by operating activities under the indirect method is $633,000

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_____ refers to the idea that all organizational members are capable of leading themselves at least to some extent. ​ a. Leaders
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Answer:

Option d (Self-leadership) seems to be the appropriate response.

Explanation:

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3 years ago
During the year ended December 31, 2017, State Street Corporation had the following results: Sales revenue $267,000: cost of goo
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Answer:

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Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the fo
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The supply function for good X is given by Qxs = 1,000 + PX - 5PY - 2PW, where PX is the price of X, PY is the price of good Y,
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will decrease by 40 units.

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