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yaroslaw [1]
3 years ago
9

Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. Under the indi

rect method, the cash flow from operations is $32,000.
a. True
b. False
Business
1 answer:
Contact [7]3 years ago
4 0

Answer:

a.

Explanation:

True

hope it helps!

....

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Answer:

Raw ending    643,300

ending WIP     199,240

ending FG         37,000

Explanation:

<em>Raw materials </em>

beginning              29300

purchased            1041000

used in production <u> (427000)</u>

ending                    643300

<em>cost added (in between step to get ending WIP)</em>

materials 427000

direct labor 312240 (24,000 DLH x $13.01)

overhead 164000

total 903240

<em>Ending WIP</em>

beginning WIP  151000

added                 903240

COGM             <u>   (855000)</u>

ending WIP           199240

<em>Finished goods</em>

beginning FG  257000

COGM                  855000

COGS           <u>     (1075000)</u>

ending FG             37000

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Answer:

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