Net income for the year was $45,500. accounts receivable increased $5,500, and account payable increased by $11,200. under the indirect method, the cash flow from operations is
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Net income for the year was $45,500. accounts receivable increased $5,500, and account payable increased by $11,200. under the indirect ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The Consumer Price Index (CPI) is best used to determine A) the Dow Jones Index. B) the rate of inflation. C) the unemployment rate. D) currency exchange rates.
Answers (1)
A client receives a substantial number of goods returned. The client records the return when credit memos are issued (usually one to two weeks after the item is returned). A control that would lead to timelier recording of goods returned would be: a.
Answers (1)
Xavier is a manager at BuiltMore Industries, and is responsible for several controlling activities. Which of the following activities would you expect Xavier to participate in?
Answers (1)
When would someone be restricted from filing for bankruptcy? A. if the debtor fails the asset test B. if the debtor fails the income-liability test C. if the debtor fails the credit-overloadtest D. if the debtor fails the means test
Answers (1)
Blue, Inc. had net sales in 2020 of $1,412,500. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $393,600 debit, and Allowance for Doubtful Accounts $1,922 debit.
Answers (1)
New Questions in Business
A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.
Answers (2)
Which type of workplace culture emphasizes the development of new skills? a. achievement-based b. adaptive-based c. involvement-oriented d. consistency-oriented
Answers (2)
Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,240 and the other, $1,570. Jones sold one of the items during the year.
Answers (1)
The culture of UPS places service to the customer among the company's highest business objectives, which is reflected in their use of information systems to enable customer tracking of their packages.
Answers (1)
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)