Answer:
$166,000
Explanation:
The net cash flow from operating activities using the indirect method is computed below:
Cash flow from Operating activities - Indirect method
Net income $175,000
Adjustment made:
Add : Depreciation expense $28,000
Less: Increase in accounts receivable -$16,000
Less: Decrease in accounts payable -$21,000
Total of Adjustments -$9,000
Net Cash flow from Operating activities $166,000
Answer:
<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>
Answer:
a) I used an excel spreadsheet since there is not enough room here.
b) $69,000
c) $14,500
d) $14,000
f) $57,800
g) $59,500
Answer:
$428,000
Explanation:
The only movement that impact the total assets it's:
Kirk Corporation acquired equipment costing $3,000, promising to pay cash for it in 60 days.
Due to the equipment was finance by the supplier by 60 days it has a positive impact on assets and liabilities.
The others transactions:
- Kirk Corporation purchased $1,750 of supplies for cash, it has no impact because the supplies was paid with cash, so the impact on assets is zero.
- The land had cost $7,500 and it was sold for $7,500 cash. The land it's a long term assets that was sold for cash, so it was converted to current assets in money.
- Kirk Corporation signed an agreement, the impact it's in the next month, so it has no impact the current month analized.
