How much should be reported as net cash provided

Assignment Help Accounting Basics
Reference no: EM132184635

Question - In 2016, Mind Corporation borrowed (long-term) $50,000, paid dividends of $28,000, issued 13,000 shares of stock for $ 50 per share, purchased land for $60,000, and received dividends of $6,000. Net income was $80,000, and depreciation for the year totaled $13,000. Accounts receivable increased by $11,000. How much should be reported as net cash provided by operating activities by the indirect method?

A - $82,000

B - $71,000

C - $711,000

D - $93,000

Reference no: EM132184635

Stockholders equity section of cohen canoes

Prepare the stockholders equity section of Cohen Canoes Inc., balance sheet at May 31. The ending balance of retained earnings is $55,000.

Activity based costing-madcap manufacturing

Mad Cap Manufacturing Co. produces 80 different types of hats and caps. Lately, sales and profits have been declining, although the overall market for hats and caps has actu

The financial statements of elisa county for the year ended

Following are extracts from the financial statements of Elisa County for the year ended December 31, 2013. The funds shown are the governmental operating funds Capital Proje

What is the amount of the distribution

May Inc., has one shareholder,Paula, whose basis in May's stock was $100,000 on 1/1/10. During 2010, May distributed $300,000 to Paula. What is the amount of the distributio

Cash flows to accrual

Cash flows to accrual. For each of the following items, calculate the amount of revenue or expense that should be recognized on the income statement for Pelkey Co. for the yea

Return and risk of small-company stocks

Calculate the average returns on small-company stocks and u.s. treasury bills. Calculate the variances and standard deviations of the returns on small-company stocks and u.s.

An automotive parts and accessories chain

Suppose that an automotive parts and accessories chain is experimenting with a new sales promotion. Two similar stores are selected for the experiment. For Store 1, nothing

Introduction to financial and manegerial accounting

To reiterate, the case study will focus on analyzing a publically traded organizations financial statements - horizontal analysis, vertical analysis, or selected ratio analy


Write a Review

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