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Financial Accounting
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1,097 solutions
Essentials of Investments
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689 solutions
Accounting: What the Numbers Mean
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338 solutions
Century 21 Accounting: General Journal
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Accounting: What the Numbers Mean
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Principles of Managerial Finance
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Intermediate Accounting
17th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2,603 solutions
Intermediate Accounting
14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
1,471 solutions
Fundamentals of Financial Management, Concise Edition
10th EditionEugene F. Brigham, Joel Houston
777 solutions
Financial Accounting
4th EditionDon Herrmann, J. David Spiceland, Wayne Thomas
1,097 solutions
Century 21 Accounting: General Journal
11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman
1,009 solutions
Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, how much is net cash provided by operations?
Entry field with correct answer
$124,000
$136,000
$116,000
$112,000
The following data are available for Allen Clapp Corporation:
Net
income $200,000
Depreciation expense 40,000
Dividends paid 60,000
Gain on sale of land 10,000
Decrease in accounts receivable 20,000
Decrease in accounts payable 30,000
How much is cash provided by operating activities using the indirect method?
Entry field with correct answer
$220,000
$240,000
$160,000
$280,000
LKN Company reported net income of $80,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is
Entry field with correct answer
$80,000.
$90,000.
$70,000.
$72,000.
A company had net income of $242,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2,000 and $14,000, respectively. There was also a loss on the sale of equipment of $17,000. How much cash was provided by operating activities?
Entry field with correct answer
$278,000.
$299,000.
$218,000.
$201,000.