What the cash flows from operating activities to be reported

Assignment Help Accounting Basics
Reference no: EM132611988

Problem 1: Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?

a. a loss on the sale of equipment

b. dividends declared and paid

c. gain on sale of land

d. depreciation expense

Problem 2: Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be:

a. $105,000.

b. $118,000.

c. $92,000.

d. $169,000.

Reference no: EM132611988

Questions Cloud

Fourier transform of the gaussian distribution function : Fourier transform F(k) of the Gaussian distribution function f(x) = Ne-dx2 - expand in Fourier series
What amount of units be sold in order to have a zero profit : If fixed costs are $400,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero profit?
Which the order of presentation of activities on statement : Which the order of presentation of activities on the statement of cash flows is? operating, financing, and investing./ operating, investing, and financing.
Electromagnetic field and wave propagation : Using Biot Savart law derive an expression for H due to an infinitely long straight filament carrying a current of I amperes and Find magnetic field
What the cash flows from operating activities to be reported : What the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be
Which the cash flows from investing activities section would : On the statement of cash flows, Which the Cash flows from investing activities section would include? payments for retirement of bonds payable.
Which should be added to net income : Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method?
What the valuation allowance for trading investments account : What the valuation allowance for trading investments account is found on the? balance sheet as an adjustment to stockholders' equity
Discuss the two most interesting aspects of ethics training : Which one legal regulation that might relate to hiring, promotion, and firing would you include in a general corporate training plan? Why?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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