Acounts receivable 2400 inventories 3600 salaries payable

Assignment Help Accounting Basics

Reference no: EM13612763

Cash flows from operating activities (indirect and direct methods). Presented below is the income statement of Angola, Inc. Sales $324,000 Cost of goods sold $214,000 Gross profit $110,000 Operating expenses $67,000 Income before income taxes $43,000 Income taxes $17,200 Net income $25,800 In addition, the following information related to net changes in working capital is presented. Debit Credit Cash $10,600 Accounts receivable $2,400 Inventories $3,600 Salaries payable (operating expenses) $12,000 Accounts payable $15,000 Income taxes payable $1,400 Depreciation expense for the year was $14,700 Deferred tax liability account increased $1,800

Required: Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows -

(a) using the indirect method.

(b) using the direct method.

Reference no: EM13612763

Questions Cloud

Are need for warranty repair and location of the company : each year ratings are compiled concerning the performance of new cars during the first 90 days of use. suppose that the

A mass m1 43 kg rests on a frictionless table and : a mass m1 4.3 kg rests on a frictionless table and connected by a massless string to another mass m2 4.7 kg. a force

Determine the relative humidity and the humidity ratio of : air at 100 o f and 14.7 psia has a dew point temperature of 70o f. determine the relative humidity and the humidity

Us-based company is 0025 construct a contingency table to : each year ratings are compiled concerning the performance of new cars during the first 90 days of use.suppose that the

Acounts receivable 2400 inventories 3600 salaries payable : cash flows from operating activities indirect and direct methods. presented below is the income statement of angola

Suppose again that x2 follows a chi-square distribution : suppose that x2 follows a chi-square distribution with 19 degrees of freedom. compute px2 lessthanorequalto 20. round

A stirring rod transfers energy by work until the pressure : a closed rigid tank well-insulated contains air initially at 1 bar 300 k. the volume is 2 m3. a stirring rod transfers

To equally charged particles held 40 x 10-3 m apart are : two equally charged particles held 4.0 x 10-3 m apart are released from rest. the initial acceleration of the first

For each process of a closed system show the initial and : for each process of a closed system show the initial and final states on a properly-labeled t-s diagram evaluate the

User Account

All Pages