The net income reported on the income statement for the

Reference no: EM13595475

The net income reported on the income statement for the current year was $720,000. Depreciation recoreded on store equipment for the year amounted to $32,700. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

End of Year Beginning of Year
Cash $78,450 $ 72,300
Accounts receivable(net) $56,250 $ 53,400
Merchandise inventory $76,800 $ 81,330
Prepaid Expenses $ 9,000 $ 6,900
Accounts Payable(merchandise creditors) $73,500 $68,400
Wages Payable $40,200 $44,700

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.

Reference no: EM13595475

Questions Cloud

What are the units to be for a third order reaction if time : what are the units to be for a third order reaction? if time units are in

At 27 degrees celsius the vapor pressure of pure water is : at 27 degrees celsius the vapor pressure of pure water is 23.76 mmhg and that of an aqueous solution of urea is 22.99

Saturn issues 65 five-year bonds dated january 1 2011 with : saturn issues 6.5 five-year bonds dated january 1 2011 with a 500000 par value. the bonds pay interest on june 30 and

Buffers are typically made by combining a weak acid with : question buffers are typically made by combining a weak acid with its salt or by combining a weak base with its salt.

The net income reported on the income statement for the : the net income reported on the income statement for the current year was 720000. depreciation recoreded on store

The heat capacity of the bomb is 8151 jk and the heat : a 1.341 g sample of nacl is combusted in a bomb calorimeter. the temperature rises 4.372 degree celsius and 1.53 x103 g

The budgeted selling price per unit is 60 budgeted unit : morganton company makes one product and it provided the following information to help prepare the master budget for its

Compute the labor and variable overhead price and : the following data reflect the current months activity for sills inc. actual total direct labor 546000 actual hours

Prepare a sales activity variance analysis leave no cells : the master budget at windsor inc. last period called for sales of 90000 units at 36 each. the costs were estimated to

User Account

All Pages