User Account

All Pages

Information provided determine the amount of net cash flow

Assignment Help Accounting Basics
Reference no: EM13919081

Carver Inc. had a beginning balance of $4,000 in its Accounts Receivable account. The ending balance of Accounts Receivable was $4,500. During the period, Carver recognized $68,000 of revenue on account. Carver's Salaries Payable account has a beginning balance of $2,600 and an ending balance of $1,500. During the period, the company recognized $46,000 of accrued salaries expense.

Required: 

a. Based on the information provided, determine the amount of net income. 
b. Based on the information provided, determine the amount of net cash flow from operating activities.

Reference no: EM13919081

Questions Cloud

Assignment on course reflection : During the previous modules, you completed various assignments that were designed to enhance your overall knowledge of victimology. Module 1 discussed victimology theories and their application to scenarios. Subsequent assignments afforded you an ..
What are the pros and cons of the differentiation : How can differentiation and cost leadership strategic options be employed to create and sustain a competitive advantage in a business?
Relationship between behavior, cognition and environment : Which of the following best describes Bandura's ideas about the relationship between behavior, cognition, and environment?
Which vendors should ues select to supply each distribution : UES wants to ensure that each of the distribution hubs is serviced by a different vendor. Which bids should UES accept, and which vendors should UES select to supply each distribution hub?
Information provided determine the amount of net cash flow : Carver Inc. had a beginning balance of $4,000 in its Accounts Receivable account.
What are the pros and cons of the differentiation : How can differentiation and cost leadership strategic options be employed to create and sustain a competitive advantage in a business?
Problem regarding the decision-making biases : Even the most intelligent manager is prone to personal biases and pitfalls that can lead to bad decisions. We all carry biases based on our personal experiences. And we can all fall into various traps that lead to decisions that seem perfectly log..
The internal auditor and external auditor : Two distinct types of auditor, the internal auditor and external auditor, service many organizations. Explain the difference in roles between the internal and external auditor.
Objectivity of each of the two measurement systems : Determine the objectivity of each of the two measurement systems for the year under consideration. On the basis of your examination, which of the two systems would you prefer?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preferred stockholders receive their dividends before

a dividend preference for preferred stock means that preferred stockholders receive their dividends before common

  What are the advantages of internet edi over traditional edi

What are the advantages of Internet EDI over traditional EDI?

  For the current year the company estimated that it would

raw materials 40000work in process 30000finished goods 60000for the current year the company estimated that it would

  A company uses the weighted average method for inventory

a company uses the weighted average method for inventory costing. during a period a production department had 54000

  What would be the cost equation if the high-low method is

the armer company is accumulating data to be used in preparing its annual profit plan for the coming year. the cost

  Quantacc carries fixed assets at revalued amounts fixed

quantacc ltd. began operations on january 1 2011 and uses ifrs to prepare its consolidated financial statements.

  Was centrons experience in the quarter cited better or

1. p26-a1 basic flexible budgeting l.o. 2 centron inc. has the following budgeted production costs direct materials

  Fund balances to the changes in net assets

When moving from the changes in fund balances in the Statement of Revenues, Expenditures and Changes in Fund Balances to the changes in net assets in the Statement of Activities, what will be the adjustment?

  Monthly costs of producing and delivering the magazine

the editor of spunk magazine is considering three alternative prices for her new monthly periodical. her estimate of

  Longfellow marketing inc manufactures two products a and b

longfellow marketing inc. manufactures two products a and b. presently the company uses a single plant-wide factory

  In the past the 10 persons employed in the production of

barberry inc. manufactures a product called fruta. the company uses a standard cost system and has established the

  Equity method in accounting for investment

On December 31, 2010, Krypton reported a net income of $735,000 for the year. National Star uses the equity method in accounting for its investment in Krypton Labs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd