Answer:
$146,000
Explanation:
Net income $120,000
Add: depreciation expenses $6,000
Increase Accounts Receivable 10,000
Decrease Accounts Payable 15,000
Less $5,000
(increase Accounts Receivable 10,000-
decrease Accounts Payable 15,000)
Net cash $146,000
Therefore the amount that Liberty should report as net cash provided by operating activities in its statement of cash flows for the year will be $146,000
1,2,3,6
this is what i would choose of course
not sure how to explain it though
Show interest, act professional, show that you want the job and show that you got what it takes and more. You're showing them that you want the job and no one is gonna take it from you (just don't be that cocky either) they don't like people who are too cocky or too much of a push over you have to have a good balance that will show that you're perfect for the work environment =.
Hope this helped!
Answer:
This entry would be recorded by Young with a credit to <u>cash account</u> in the amount of <u>$1,020</u>.
Explanation:
The complete journal entry for June 29 should be
- Dr Notes Payable account 1000
- Dr Interest Expense account 20
- Cr Cash account 1020
The total interest due = $1,000 x 6% x 4/12 =$20
Notes payable is a liability account and it decreases, so it should be debited.
All expenses are debited.
Cash is an asset account and it decreases, so it should be credited.
Answer: The correct answer is interest that is receives on money that it has loaned out.
Explanation: The primary source of earnings for commercial banks is income derived from the interest on money that it has loaned out. Banks also earn income from other areas like account fees, but they are not the primary source of earnings.
