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3 years ago

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in preparing the operating activities section of a statement of cash flows using the indirect method, net income should be adjus

ted for

1 answer:

forsale [732]3 years ago

5 0

Answer: Loss from sale of asset. Gain from sale of asset. Depreciation expense

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What type of risk assessment uses descriptive categories to express asset criticality, risk exposure (likelihood), and risk impa

Sergeeva-Olga [200]

Answer: qualitative

Explanation:

Risk assessment is used in identifying hazards which are likely to result in harm and then determining the appropriate methods to remove such hazard or curtail it.

The type of risk assessment uses descriptive categories to express asset criticality, risk exposure (likelihood), and risk impact is the qualitative risk assessment.

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3 years ago

Identify supply chain of your school?

ycow [4]

Answer:Within the supply chain discipline itself, students need to learn the foundational concepts of management science and cover topics such as sourcing, selling, logistics, inventory control, quality management, and product management.

Explanation:

8 0

3 years ago

Inventory costing methods place primary reliance on assumptions about the flow of.

kvv77 [185]

Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.

FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.

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1 year ago

Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is

mestny [16]

Answer:

$58,000

Explanation:

Data given

Cash Dividends Payable at the beginning = $22,000

Cash dividends declared = $50,000

Cash dividends payable = $30,000

The computation of cash paid for dividends is shown below:-

Cash paid for dividends = Cash Dividends Payable at the beginning + Cash dividends declared - Cash dividends payable

= $22,000 + $50,000 - $30,000

= $58,000

Therefore for computing the cash paid for dividend we simply applied the above formula.

8 0

3 years ago

Reporting Issuance and Retirement of Long-Term DebtOn the basis of the details of the following bonds payable and related discou

xenn [34]

Cash flows from financing activities:

Cash received from issuing bonds payable.....$224,000

Less: Cash paid to redeem bonds payable.........$73,600

Note: The discount amortization of $1,400 would be shown as an adjusting item (increase) in the Cash Flows from Operating Activities section under the indirect method.

<h3>What Is Cash Flow?</h3>

The term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows.

A company’s ability to create value for shareholders is fundamentally determined by its ability to generate positive cash flows or, more specifically, to maximize long-term free cash flow (FCF).

FCF is the cash generated by a company from its normal business operations after subtracting any money spent on capital expenditures .

Your question is incomplete, but most probably your full question was:

Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. BalanceDateItemDebitCreditDebitCreditJan.1 Balance 390,000 2 Retire bonds78,000 312,000 June30 Issue bonds 234,000 546,000 ACCOUNT Discount on Bond Payable ACCOUNT NO. BalanceDateItemDebitCreditDebitCreditJan.1 Balance 17,550 2 Retire bonds 6,240 11,310 June30 Issue bonds15,700 27,010 Dec.31 Amortize discount 1,350 25,660

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8 0

2 years ago