User Account

All Pages

Depict cash flows and follows the accrual method

Assignment Help Finance Basics
Reference no: EM132199222

Fall Corporation uses the indirect method to depict cash flows and follows the accrual method for recording income. The January 1, 2013 the balance of accounts receivable was $50,000. The accounts receivable balance at December 31, 2013 was $40,000. Income reported on the income statement for the calendar year 2013 was $250,000. Exclusive of the effect of any other adjustments, the cash flows from operating activities to reported on the Statement of Cash Flows is: A) $260,000 B) $240,000 C) $210,000 D) $160,000

An extraordinary item on the income statement: A) Is infrequent in occurrence. B) Is shown net of taxes in a separate section of the income statement. C) Unusual in nature. D) E) A)and C) only All of the above.

Reference no: EM132199222

Questions Cloud

Pre-conditions for launching a bsc program : How should the process of BSC start for your CA? What are the pre-conditions for launching a BSC program?
Sources of capital to start and grow a business : How does the business life cycles vary and what are the sources of capital to start and grow a business?
Sustainable rate of growth : A firm has 120,000 shares of stock outstanding, a sustainable rate of growth of 3.8%, and $648,200 in next year's free cash flow.
Calculate the annual depreciation allowances : A piece of newly purchased industrial equipment costs $984,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule
Depict cash flows and follows the accrual method : Fall Corporation uses the indirect method to depict cash flows and follows the accrual method for recording income.
Debit to discount on bonds payable : Triple C Corporation issues 600 10-year, 8%, $1,000 bonds dated January 1, 2012 at 96. The bond discount recorded for this transaction would be a
Expected npv and standard deviation of npv : Need the project's expected NPV and standard deviation of NPV.
Firm shares should trade : Before the announcement, the firm's shares were trading at $50.00 per share. After the stock dividend, the firm's shares should trade at?
Optimum capital structure : The firm's target capital structure is set at a mix of 40 percent debt and 60 percent equity. Assuming this as the optimum capital structure, the value

Reviews

Write a Review

Finance Basics Questions & Answers

  Production warehouse move project

You have kicked off the District 4 Production Warehouse Move project, your contractors are in place and working on receiving the proper building permits.

  Chips home brew whiskey management forecasts that if the

chips home brew whiskey management forecasts that if the firm sells each bottle of snake-bite for 20 then the demand

  Complete repayment of the loan with interest

PV of multiple cash flows: Jack Stuart has loaned money to his brother at an interest rate of 5.75 percent. He expects to receive $625, $650, $700, and $800 at the end of the next four years as complete repayment of the loan with interest. How muc..

  What is the resulting thb exchange rate

You get a quote of 0.17 USD/ARS, and 36.8 THB/USD. What is the resulting ARS/THB exchange rate?

  At what price of the stock does the investor break even

If the investor constructs the protective put, what is the profit or loss if the price of the stock is $30, $35, or $40 at the putAc€?cs expiration? At what price of the stock does the investor break even?

  Apply the black-scholes option valuation model to solve the

apply the black-scholes option valuation model to solve the following problems. p1. a stock sells for 30. what is the

  The asset report of the organization

The debentures were completely subscribed and the cash were rightfully gotten. Plan money book, pass the fundamental diary sections and set up the asset report of the organization

  Superannuation-defined benefit

Write down difference between inflation and the 'time value of money'? Please describe what issues relating to concept of 'time value of money' might be significant when choosing between a defined benefit or an accumulation super fund.

  Te bond pays a 10 percent annual coupon and has a

ibx has a bond issue outstanding that is callable in three years at a 5 percent call premium. the bond pays a 10

  What is abbott cash conversion cycle

Abbot Corporation has an average collection period of 49 days, an inventory conversion period of 83 days, and a payables deferrable period of 36 days. What is Abbott's cash conversion cycle?

  What will be the debt-to-equity ratio

What will be the debt-to-equity ratio if it borrows $220,000? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

  Defining internal control in brief

Defining internal control Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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