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Presented below are two independent situations.
Situation A:
Cheno with Co. reports revenues of $200,000 and operating expenses of $110,000 in its first year of operations, 2010. Accounts receivable and accounts payable at year-end were $71,000 and $39,000, respectively. Assume that the accounts payable related to operating expenses. Ignore income taxes. Using the direct method, compute net cash provided (used) by operating activities.
Situation B:
The income statement for Edge brook Company shows cost of goods sold $310,000 and operating expenses (exclusive of depreciation) $230,000. The comparative balance sheet for the year shows that inventory increased $21,000, prepaid expenses decreased $8,000, accounts payable (related to merchandise) decreased $17,000, and accrued expenses payable increased $11,000. Compute (a) cash payments to suppliers and (b) cash payments for operating expenses.
amos company acquired land in exchange for 10000 shares ofits 10 par common stock. the fair market value of the land is
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What is its significance in government financial management?
information is limited. profit margin on sales 5 return on assets 7.5 gross profit margin 40 inventory turnover ratio 6
Determine if each of the items above should be included or excluded from the company's year-end inventory.
partner a of the equal general abcd partnership contributes property fmv 200000 basis 20000 associated liability
Review the components of the gross estate and taxable estate. How do the various deductions reduce the gross estate to the taxable estate?
farr company purchased a new van for floral deliveries on january 1 2012. the van cost 48000 with an estimated life of
I really really need your help with my academic paper(attach file) it is 99% done, i just would like you to try "rewrite" it in some other words, check grammar and writing structure consistency.
If Analog computers can borrow at 9.5% for 3 years, what is the effective rate of interest on a $800,000 loan where a 15% compensating balance is required?
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