### Indirect method of preparing the operating portion

Assignment Help Cost Accounting
##### Reference no: EM13339501

The company purchased machinery and equipment in exchange for 10,000 shares of common stock. The stock was selling for \$20 at the time.

The short-term note receivable was received from a customer who had previously charged her purchase

Assume all other transactions involved cash

34. (8) Net cash flow from 2011 operations was:

35. (8) Net cash flow from 2011 investing activities was:

36. (8) Net cash flow from 2011 financing activities was:

37. The indirect method of preparing the operating portion of the statement of cash flows requires certain amounts to be added back and subtracted from net income to arrive at cash flow from operations. If all the individual amounts that should be added back to and subtracted from net income were summed into a single number, what would that total be?

My work is below:

From sales/customers = 200 sales - 50 account receivable - 50 note recieable = 100

Inventory/payments = 35 accounts payable - 80 cost of goods sold = -45

Expenses = -10 interest espense - 7 supply expense - 11 salary expense = -28

=27.

#35.

Purchase of asset = 100X20 + 200X20 + 900X20 = -24,000

Sold = 10000X20 = 200000

= 176,000. no idea if i did that correct or not.

#36.

Common stock 100X10,000 + APIC 100X10,000 = 200,000.

#37.

It is asking for a specific number. I know all you have to look at is the income statement. you have to start with the net income. If you actually use net income, the it would be 48 + depreciation expense of 30 + expenses(only cash) which i guess is 28 + loss on sale of equipment and investments which is 14 so the net cash for indirect method would be 120. butits not asking for net income to be factored into the answer so the answer would be 72. it is my guess for now, but im sure its incorrect.

#### Questions Cloud

 Find how many revolutions per second does electron make : In the Bohr model of the hydrogen atom, an electron (mass m=9.1×10^?31kg) orbits a proton at a distance of 5.3×10^?11m. How many revolutions per second does the electron make Essay on retirement/pensions : A 7 page essay with the topic - Retirement/Pensions in APA. must have a minimum of 7 references Calculate output price and economic profit show how : Calculate output, price and economic profit (show how you get there) and point price elasticity of demand at this output level What is the speed of the ball at given point : A 300g ball swings in a vertical circle at the end of a 1.3-m-long string. When the ball is at the bottom of the circle, the tension in the string is 12N Indirect method of preparing the operating portion : Short-term note receivable was received from a customer who had previously charged her purchase - individual amounts that should be added back to and subtracted from net income were summed into a single number, what would that total be? Find the final speed of the lion-gazelle system : A hungry 161-kg lion running northward at 75.5 km/hr attacks and holds onto a 35.9-kg Thomson\'s gazelle running eastward at 61.4 km/hr. Find the final speed of the lion-gazelle system What is the effect of raising the legal reserve requirement : If Martha finds \$10,000 under her mattress and deposits it in a demand deposit, by how much may the deposit expand the total money supply? Assume that the legal reserve requirement (required reserves ratio) is 20%. What is the effect of raising the l.. Has he allocated his entire budget : As Rob consumes more dates over the course of a day, it is likely that his marginal utility from date consumption will rise." Is the previous statement likely correct or incorrect? Obtain the magnitude of the net force on the car : A 1600 kg car drives around a flat 210m -diameter circular track at 25m/s. What is the magnitude of the net force on the car

### Write a Review

#### Evaluate whether to pay dividends including tax consequences

Discuss and consider the several considerations that each kinds of corporation balance in evaluating whether to pay dividends, including the tax consequences of doing so.

#### Evaluate estimated cost of each of the toppings lost

Evaluate the estimated cost of each of the toppings lost in the fire. What factors could cause the estimates to be over- or understated?

#### Determine the capitalized cost of the coal mine

Determine the capitalized cost of the coal mine.

#### Product gallons sales value cost after final

Product Gallons Sales value Cost after Final - Number of gallons and round percentages to one decimal place i.e. 25.5% or .255.

#### Calculate the incremental net operating income

Prepare a contribution format income statement - Calculate the incremental net operating income

#### Discuss the current effects of ifrs

Examine and discuss the current effects of IFRS on the pension reporting for Coca-Cola and PepsiCo at 2009 year-end.

#### Should baltic buy the new machine

the tax rate is 40 percent and the firm uses straighline depreciation. Any gain or loss on the machine is subject to tax at 40 %.

The business CUELLA-RO S.A. has the following data related to its equity structure in 2009. Define six strategies for it to change from situation A to objective situation B, desirably for 2010.

#### Evaluate return on investment

Supplementary office equipment costing \$600 was purchased on credit from Discount Computer Corporation.

#### In a cost-volume-profit graph

In a cost-volume-profit graph

#### Compute the unit product cost of each product

Determine the activity rate (i.e., predetermined overhead rate) for each of the four activity cost pools. (Round your answer to 2 decimal places. Omit the "\$" sign in your response. and compute the unit product cost of each product. (Round your ans..

#### Find how much clay should be purchased in september

The company needs to maintain monthly ending inventories of clay equal to 20% of the subsequent month's production required. On August 31, 18,000 pounds of clay were on hand.