subject
Business, 05.05.2020 03:40 kydog00

Use the following information to determine cash flows using the indirect method.

Current Year Prior Year
Net Income $365,000
Accounts receivable 439,000 $420,000
Inventory 560,000 516,000
Prepaid expenses 42,000 48,000
Accounts payable 146,000 119,000
Depreciation expense 107,000
Purchase of long-term assets 616,000
Issuance of long-term debt 200,000
Issuance of stock for cash 160,000
Issuance of stock for long-term assets 110,000
Purchase of treasury stock 64,000
Sale of long-term investments at cost 49,000

Assume that the indirect method is used. The Net Cash Flows from Financing Activities section will include:

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:20
James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.
Answers: 2
question
Business, 22.06.2019 11:00
Which ranks these careers that employers are most likely to hire from the least to the greatest?
Answers: 2
question
Business, 22.06.2019 16:40
Job applications give employers uniform information for all employees,making it easier to
Answers: 1
question
Business, 22.06.2019 18:50
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
You know the right answer?
Use the following information to determine cash flows using the indirect method.

Curren...
Questions
question
Mathematics, 30.03.2021 22:00
question
Mathematics, 30.03.2021 22:00
question
Advanced Placement (AP), 30.03.2021 22:00
question
Mathematics, 30.03.2021 22:00
question
Mathematics, 30.03.2021 22:00
question
English, 30.03.2021 22:00
question
Mathematics, 30.03.2021 22:00