Answer:
<em>O</em><em>ptimistic</em><em> </em><em>view.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em>
It is like a Chriatain school or Islamic school.... religious schools
The availability of consumer credit does not help launch new products, rather,<span>consumer credit may help push new products across the adoption curve faster.</span>
Answer:
Ayayai Corporation
Statement of Cash Flows
For the Year Ended December 31, 202x
Cash flows from operating activities:
Net income $50,700
Adjustments to reconcile net income:
- Depreciation expense $17,900
- Increase in accounts payable $13,600
- Increase in accounts receivable ($12,000)
- Increase in AFS securities ($17,100)
- <u>Increase in inventory ($7,200) ($4,800)</u>
Net cash flow provided by operating activities $45,900
Notes payable are part of the financing activities of the company, they are not part of the operating activities. So any change in the value of notes payable must be included in the cash flows from financing activities.
This entry will inappropriately decrease Jackson’s revenues, thus making the firm’s net income too low on its income statement, ending retained earnings too low on its retained earnings statement, and both its assets and its stockholders’ equity too low on its balance sheet.
