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

Company sales budget for the second quarter

Problem 1: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for

Tina cruz and dale commons are discussing

Tina Cruz and Dale Commons are discussing how the market price of a bond is determined. Tina believes that the market price of a bond is solely a function of the amount of the

Should gillian and goelzer approve the standard as proposed

Mindful of these considerations, Gillian,Goelzer, and the other board memebers mulled over the options: Should they approve the standard as proposed Should they accommodate

Determining the cost of debt and equity

The manager of Sensible Essentials conducted an excellent seminar explaining debt and equity financing and how firms should analyze their cost of capital. Nevertheless, the

Accounting approaches become embodied in accounting standard

If constituency support is necessary before particular accounting approaches become embodied in accounting standards, does this have implications for the ‘neutrality' and ‘r

Huge disruptions and change in communities

In a speech, President Barack Obama made the following observations: "I know that for many, the face of globalization is contradictory .... Trade can bring new wealth and op

Wacc lancaster engineering inc

LEI's expected net income this year is $34,285.72; its established dividend payout ratio is 30%; its federal-plus-state tax rate is 40%; and investors expect future earnings

Bad debts analysis-allowance account

On January 1, 2010, the balance in Kubera co.'s Allowance for Bad Debts account was$9720. during the year, a total of $23900 of delinquent account receivable was written off


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