Adjustment to reconcile net income

Assignment Help Accounting Basics
Reference no: EM13138182

When preparing a statement of cash flows (indirect method), which of the following is not an adjustment to reconcile net income to net cash provided by operating activities?

A) All of these are adjustments.

B) A change in income taxes payable

C) A change in interest payable

D) A change in dividends payable

Reference no: EM13138182

Questions Cloud

Paraphrase in a couple of sentences : The New Jim Crow by Michelle Alexander that all people make mistakes. All of us violate the law at some point in our lives. In fact, if the worst thing you have ever done is speed ten miles over the speed limit on the freeway
Use excel to find the right-tail p value : Faced with rising fax costs, a firm issued a guideline that transmissions of ten pages or more should be sent by two-day mail instead. Exceptions are allowed, but they want the average to be ten or below. Use Excel to find the right-tail  p  value
Build a portfolio optimization system : For good results, you probably need to work with 20 or more securities.  Try to include in your model realistic-type sector, industry, and upper bound constraints, but don't make them too tight.
Quackity quack company''s ad states that its product is : Quackity Quack Company's ad states that its product is "the best on the market today." Because of this ad, the Federal Trade Commission is most likely to
Adjustment to reconcile net income : When preparing a statement of cash flows (indirect method), which of the following is not an adjustment to reconcile net income to net cash provided by operating activities?
Basics of managerial purposes and decisions : The CEO of your company has asked you to prepare a written presentation to be given at the next board of directors meeting on why different types of cost information need to be reported to support different managerial purposes and decisions. In a ..
Administrative expenses and operating income : No additional fixed manufacturing overhead will be incurred because of this order. The only additional selling expense on this order will be a $0.50 per unit shipping cost. There will be no additional administrative expenses because of this order...
Transactions involving notes payable : Alhara Corporation, whose fiscal year ended June 30, 20xx, completed the following transactions involving notes payable:
Determine the due date and the amount of interest : Determine the due date and the amount of interest due at maturity on the following notes: Oct. 1 fee amount 10,500, interest rate 8%, and term of the note is 60 days, Aug. 30 18,000, 10%,120 days, May 30., 12,000, 12%, 90 days, March 6, 15,000, 9%..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find relation between tolerable misstatement, inherent risk

How do the calculation and comparison to previous years of the gross margin percentage and the ratio of accounts receivable to sales are related to the conformation of accounts receivable and other tests of the accuracy of accounts receivable?

  Calculate the net income

Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2010.

  Financial statement fraud

Is there a difference between financial statement fraud and other types of fraud? How does the definitions differ (if they do)? Should there be a distinction between the two or not?

  Identification of favorable and unfavorable variances

Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control costs?

  Are there any associated implications for the profession

Many people believe that an auditor cannot be truly independent when the client pays the audit fees. Can you think of any possible solutions or approaches that might reduce this apparent lack of independence?

  Estate tax purposes as of which date

If an election is available and is made to use alternate valuation for federal estate tax purposes, then if a parcel of real estate owned by the decedent is sold within six months after the decedent's death, the parcel of real estate is valued for..

  Gaap-acconting equation

The framework used to record and summarize the economic activities of a business enterprise is referred to as the accounting equation. State the basic accounting equation and define each of its major components. How are business transactions and f..

  How many units were started during april

Barrett Corporation had 6,500 units of work in process on April 1. During April, 19,100 units were completed and as of April 30, 5,100 units remained in production. How many units were started during April?

  Preparation of adjustment entries and balance sheet

The Chandler Corporation began business on January 2, 2007. It is now time for Chandler to prepare its financial statements for 2007. The bookkeeper at Chandler was able to complete the asset section of the balance sheet, but he needs your help to..

  Company cost of goods sold

A company has $8,200 in net sales, $1,100 in gross profit, $2,500 in ending inventory, and $2,000 in beginning inventory. The company's cost of goods sold is?

  What is the amount of preferred dividends

A company has a return on common stockholders' equity of 22%. Net income is $600,000 and average common stockholders' equity is $2,500,000. What is the amount of preferred dividends?

  Average cash gain or loss during a typical month

Construct a single month's cash budget with the information given. What is the average cash gain or (loss) during a typical month for Chadmark Corporation?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd