A company had net income of 219632 depreciation expense is

Assignment Help Accounting Basics
Reference no: EM13597771

A company had net income of $219,632. Depreciation expense is $26,812. During the year, Accounts Receivable and Inventory increased $14,869 and $27,331, respectively. Prepaid Expenses and Accounts Payable decreased $2,165 and $7,445, respectively. There was also a loss on the sale of equipment of $4,410. How much cash was provided by operating activities?

Reference no: EM13597771

Questions Cloud

Aziz corporation produces and sells a single product data : aziz corporation produces and sells a single product. data concerning that product appear below. selling price per unit
Recently a sales rep from waste radar company told the city : ignore income taxes in this problem. five years ago the city of paranoya spent 30000 to purchase a computerized radar
Operating expenses other than depreciation for the year : operating expenses other than depreciation for the year were 416818. prepaid expenses increased by 24003 and accrued
Preparing multistep income statement and calculating profit : preparing multistep income statement and calculating profit percentage.assume that you have been hired by big sky
A company had net income of 219632 depreciation expense is : a company had net income of 219632. depreciation expense is 26812. during the year accounts receivable and inventory
Analysis of the bank data reveals that the credits consist : videosoft company maintains a checking account at the intelex bank. at july 31 selected data from the general ledger
As of december 31 2009 there are three outstanding loans : as of december 31 2009 there are three outstanding loans with capitalized loan fees that are being amortized over the
Food bear grocery store purchased a new u-scan machine at a : food bear grocery store purchased a new u-scan machine at a cost of 100000. annual operating cash inflows are expected
Denver company recently hired terry davis as an accountant : denver company recently hired terry davis as an accountant. he was given responsibility for all accounting functions

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the total interest expense in 2010 for each of the

rago corporation issued bonds twice during 2010. a summary of the trans-actions involving the bonds follows.jan. 1

  How much of this annuity income is included

Sam, a calendar year taxpayer, purchased an annuity contract for $3,600 that would pay him $120 a month beginning on January 1, 2011. His expected return under the contract based on his life expectancy is $10,800.

  What are the differences between basic and diluted earnings

what are the differences between basic and diluted earnings per share? what are the differences between the numerator

  Prepare ledger accounts

Explain what you understand by the term depreciation and it's relevance in the preparation of financial statements, Prepare ledger accounts, Prepare an income statement, Prepare a balanced sheet

  Describe the significance of the notes to the financial

prepare an 8- to 10-slide microsoftreg powerpointreg presentation for the newly elected board members using the same

  The corporation manufactures knitted shawls and scarves the

the corporation manufactures knitted shawls and scarves. the company expects to incur 1500000 in overhead costs during

  Prepare statement of affairs as on december

Mr. Qamar keeps his books under single entry system; his position on 31 December 2002. You are required to prepare Statement of affairs as on 31st December 2002.

  Computing cash collections

Joanie Corp sells it products on both credit and cash basis. Monthly sales are sold 10% for cash, 90% for credit. Credit sales are collected 40% in the month of sale and 60% the following month. Sales for the first quarter are as follows:

  Investments at fair market value

Present a position either in favor or against the policy of stating investments at fair market value and that the changes be recognized as either revenues or as expenditures. Please give a few examples.

  O january 1 bison purchased land and buildings for 20

bison industries is in its first year of operations. bison purchased the following assets during 2012middot on

  Garison music emporium carries a wide variety of musical

garison music emporium carries a wide variety of musical instruments sound reproduction equipment recorded music and

  Statements for the possibility of bad debts

What are the signs you would look out for in the financial statements for the possibility of bad debts? Give reasons for your answers.

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