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Question - The following information is available for XYZ Company:
January 1, 2016
December 31, 2016
ASSETS
Cash
$31,000
$20,000
Accounts receivable
74,000
80,000
Supplies
10,000
7,000
Land
50,000
40,000
Equipment
20,000
36,000
Accumulated depreciation
6,000
8,000
Patent
0
LIABILITIES + EQUITY
Accounts payable
$15,000
$19,000
Short-term notes payable
22,000
13,000
Salaries payable
17,000
1,000
Common stock
Retained earnings
85,000
98,000
During 2016, XYZ Company paid dividends of $12,000, recorded depreciation expense of $2,000, and sold land costing $10,000 for $17,000 cash.
Using the indirect method, calculate the net cash flow from operating activities for 2016. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).
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: - Explain the goals and uses of special journals.
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