User Account

All Pages

The net income reported on the income statement for the

Assignment Help Accounting Basics
Reference no: EM13593331

The net income reported on the income statement for the current year was $271,502. Depreciation recorded on fixed assets and amortization of patents for the year were $35,824 and $8,740, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:


 End Beginning
Cash $43,481 $66,030
Accounts receivable $125,430 $104,375
Inventories $101,485 $84,690
Prepaid expenses $2,352 $8,746
Accounts payable (merchandise creditors) $47,385 $75,247

What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

Reference no: EM13593331

Questions Cloud

When an electroscope is charged its two leaves repel each : question when an electroscope is charged its two leaves repel each other and remain at an angle. what balances the
Te first two dark fringes on either side of the central : a narrow slit is illuminated with light of wavelength 590 nm. a diffraction pattern is produced on a screen positioned
Variable costs as a percentage of sales for leamon inc are : variable costs as a percentage of sales for leamon inc. are 61 current sales are 544415. and fixed costs are 209839.
Four identical particles each have charge q and mass m they : four identical particles each have charge q and mass m. they are released from rest at the vertices of a square of side
The net income reported on the income statement for the : the net income reported on the income statement for the current year was 271502. depreciation recorded on fixed assets
Tom kicks the ball with a speed of 5ms horizontally and jim : tom and jim are kicking a ball which has a mass of 490g back and forth. tom kicks the ball with a speed of 5ms
A flying wedge spaceship is a right triangle in side view : question a flying wedge spaceship is a right triangle in side view. at rest the base and height which form the 90deg
In october mcenroe company reports 21490 actual direct : in october mcenroe company reports 21490 actual direct labor hours and it incurs 59550 of manufacturing overhead costs.
You are trying to loosen a bolt from a piece of metal with : you are trying to loosen a bolt from a piece of metal with a wrench but fail. what kind of wrench should you look

Reviews

Write a Review

Accounting Basics Questions & Answers

  Labor costs of an auto repair mechanic are seldom based on

labor costs of an auto repair mechanic are seldom based on actual hours worked. instead the amount paid a mechanic is

  Assume a government leases equipment to obe used in

assume a government leases equipment to obe used in governmental activities under a noncancelable lease meeting the

  Profitability of an organization

Could we use managerial accounting "tools" to assess the profitability of an organization other than a manufacturing business, or are the topics we are learning only related to manufacturing?

  Briefly summarize the accounting techniques

Briefly summarize the accounting techniques used by cendant to manipulate financial results. Catagorize each techniques into one of Schilit's Financial shenanigans

  Calculating loan rates

Consider the solving of applied interest problems that you read about this week. Now, apply your knowledge of these models to a practical problem.

  Education in china is highly protected by the government

Education in China is highly protected by the government of the People's Republic of China

  You have been asked to prepare a presentation for the next

you have been asked to prepare a presentation for the next board of directors meeting regarding managerial accounting.

  Consolidated balance sheet at the date of take-over

Nomes owned a piece of land that cost $250,000 but was worth $600,000 at the date of purchase. For each of the three concepts described in the chapter, what value would be attributed to this land in a consolidated balance sheet at the date of take..

  Estimated cost for a month

Using the high-low method, find variable cost per unit, total fixed costs, and the total cost equation and what is the estimated cost for a month in which 22,000 issues are published?

  What amount if any of expense should be reflected

In January 2011, Post, Inc. estimated that its year-end bonus to executives would be $720,000 for 2011. The actual amount paid for the year-end bonus for 2010 was $660,000.

  Fred co. incurred costs of $700,000 for direct materials

Fred Co. incurred costs of $700,000 for direct materials

  To make the project worthwhile in terms of his own time

the marbury stein shop sells steins from all parts of the world. the owner of the shop clint marbury is thinking of

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