Change in the inventories account would be classified

Assignment Help Financial Accounting
Reference no: EM13906938

In a statement of cash flows, a change in the inventories account would be classified as a. An operating activity   b. A financing activity c. An investing activity d. A noncash item that need not appear on the statement of cash flows.

Reference no: EM13906938

Questions Cloud

How is it beneficial for training employees : Take a look at this this video of the ADDIE Analysis: The ADDIE Analysis ( https://www.youtube.com/watch?v=JZdv5lrJs4U&feature=youtu.be) Why do we need to use it? And how is it beneficial for training employees
What if the government raised the minimum wage : Suppose you are the manager of the firm. What advice would you give the owners to raise the productivity of its labor? Be specific in your proposal.
Define an auxiliary procedure : How to use do to define (minimum lst) which returns the minimum of a list of numbers. You may want to define an auxiliary procedure (smaller x y), using if, which returns the smaller of the two numbers.
Identifying low-value sellers and high-value buyers : Which of the following is an important factor that tends to affect the magnitude of the own-price elasticity of demand for a good?
Change in the inventories account would be classified : In a statement of cash flows, a change in the inventories account would be classified as a. An operating activity   b. A financing activity c. An investing activity d. A noncash item that need not appear on the statement of cash flows
Prepare adjusting entries for the transactions : Prepare adjusting entries for the following transactions.
Wage and state unemployment tax rate : Thomas is an employer with one employee, Sarah. Sarah's wages are $19,450, and the state unemployment tax rate is 5.4 percent. Calculate the following amounts for Thomas:
Money to purchase stock and taxable corporate bonds : In 2012 The TOM borrowed money to purchase stock and taxable corporate bonds. During 2014 the paid $11900 of interest5 in conduction with this loan .The investment income for 2014 consist of $5000 of qualified dividend income $2400 of taxable interes..
Journalize each transaction and identify each transaction : Transactions for the Hartman Company for the month of November are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Net profit margin

If a firm has a total asset turnover of 8 times and a return on total assets of 15%, its net profit margin must be

  What is the amt adjustment

How much can Benjamin deduct in 2012 - What is the AMT adjustment that results from Chervaughn exercising the ISO

  Which of the two financing plans is the least expensive

Which of the two financing plans is the least expensive (i.e., has the lowest net present value if your cost of capital is 12 percent)? Ignore reimbursement and tax considerations.

  Money from these accounts could be mixed

Money from these accounts could be mixed or further divided and sent to other accounts or individuals, who, in turn, would do the same, until several checks for $1000 or less eventually arrive at party headquarters.

  Illustrate what conclusions can you draw concerning relative

Illustrate what conclusions can you draw concerning the relative liquidity and efficiency of this corporation? How does Target’s results compare to other companies in the same industry?

  What is the net advantage

Tawstir Corporation has 500 obsolete personal computers that are carried in inventory at a total cost of $720,000. If these computers are upgraded at a total cost of $190,000, they can be sold for a total of $250,000. What is the net advantage or dis..

  Find our the major issues currently on the agenda

Determine and report to the class on the latest issues being discussed by the IASB and the FASB in their joint project of revising the conceptual framework.

  Calculate the amounts of the adjusting entries

Calculate the amounts of the adjusting entries and enter them in the adjustments column.

  Describe the difference between a temporary impairment

Investments must be evaluated each period to determine if an Impairment of the Investment has occurred. Describe the difference between a Temporary Impairment and Other Than Temporary Impairment. If the security is written-down, can a write-up occur ..

  Identify the unknown and previously unidentified shrinkage

The other sheet shows known shrinkages identified during the period. This sheet shows $3,250.00. Neither of these sheets has been journalized. Identify the unknown, and previously unidentified shrinkage value.

  Compute net investment for this project

The original cost of the first machine was $200,000 and the original cost of the second was $140,000. The firm’s tax rate is 40%. Compute net investment for this project.

  What nominal and effective rates

Anita Moola borrows $5000 from the Shark Loan Company to pay her college expenses for the semester. She must repay the loan in six $1000 end–of-month payments over the next ½ year. Determine the interest rate that she is being charged per month (to t..

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