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luda_lava [24]
3 years ago
5

Alfredo Inc. reports net income of $239,000 for the year ended December 31. It also reports $91,600 depreciation expense and a $

5,450 gain on the sale of equipment. Its comparative balance sheet reveals a $37,300 decrease in accounts receivable, a $16,650 increase in accounts payable, and a $13,100 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
Business
2 answers:
My name is Ann [436]3 years ago
7 0

Answer:

$366,000

Explanation:

The solution is given in the attached file

Download docx
Alisiya [41]3 years ago
5 0

Answer:

Cash provided in operating activities is $ 366,000  

Explanation:

<u>Cash flow from Operating Activities:</u>

<u></u>

Net profit:                                                $ 239,000

Adjustments:

Add: Depreciation                                     $ 91,600

Less: Gain on sale of equipment               <u>$(5,450)</u>

Profit before working capital changes      $325,150

Add: Decrease in Account Receivable      $37,300

Add: Increase in Accounts Payable           $16,650

Less: Decrease in Wages payable            <u>$(13,100)</u>

<u>Cash provided in operating activities:</u>      <u>$366,000</u>

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galben [10]

Answer:

$25,400.

Explanation:

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The standard further states that any periodic cost should be written-off to Profit or Loss as incurred. Such costs include Maintenance Costs. These are the costs that are not necessary to bring the asset to its intended use.

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3 years ago
Every decision you make in a computer program involves evaluating one or more _____ expression
pickupchik [31]

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4 years ago
g A savings product requires you to invest the following amounts. 250 today, 450 in one year, 650 in two years, 850 in three yea
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Answer:

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Explanation:

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Brrunno [24]

Answer:

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