Business, 25.06.2019 08:50 babiezoe15

The current sections of cullumber company’s balance sheets at december 31, 2016 and 2017, are presented here. cullumber company’s net income for 2017 was $162,639. depreciation expense was $28,701. 2017 2016 current assets cash $111,615 $ 105,237 accounts receivable 85,040 94,607 inventory 178,584 182,836 prepaid expenses 28,701 23,386 total current assets $403,940 $406,066 current liabilities accrued expenses payable $ 15,945 $ 5,315 accounts payable 90,355 97,796 total current liabilities $106,300 $ 103,111 prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended december 31, 2017, using the indirect method. (show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 05:30

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Answers: 3

Answer

Business, 22.06.2019 11:20

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Answers: 3

Answer

Business, 22.06.2019 11:30

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

Answers: 2

Answer

Business, 22.06.2019 19:30

Each row in a database is a set of unique information called a(n) table. record. object. field.

Answers: 3

Answer

You know the right answer?

The current sections of cullumber company’s balance sheets at december 31, 2016 and 2017, are presen...

Questions