The Club, Inc. (TCI) presents its statement of cash flows using the indirect method. For the current year the Company reported net income of $212,000. All sales are on account and the balance in the Accounts Receivable account increased by $14,000. The balance in the unearned revenue account decreased by $13,000. Also, the company reported depreciation expense of $35,000 and a gain on the sale of equipment of $16,000. Based on this information alone, the amount of the cash flow from operating activities shown on statement of cash flows is
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Club, Inc. (TCI) presents its statement of cash flows using the indirect method. For the current year the Company reported net income ...” 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
Jenny, an employee of Toucan Company, used company assets for her own personal gain. This is an example of : a. embezzlement. b. fraud. c. internal control. d. ethics. e. employment perks.
Answers (1)
Stock Exchanges are located in all the following cities except A: Tokyo B: Chicago C: New York D: London
Answers (2)
Free enterprise system → A system in which businesses may buy, sell, and set prices with little government control True False
Answers (1)
You purchased 1000 shares of stock in Cumberland Software for $3 per share on January 1, 2006. Over the next four years, you received 7 cents per share annually in dividends.
Answers (1)
4. With many other options available, customers no longer let their money sit in a checking account. For many years the mean checking balance has been $3,500. Does the sample data indicate that the mean account balance has declined from this value?
Answers (1)
New Questions in Business
Transfer payments are not included in gdp calculation because these are
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)