Change in the inventories account would be classified

Assignment Help Financial Accounting
Reference no: EM13906938

In a statement of cash flows, a change in the inventories account would be classified as a. An operating activity   b. A financing activity c. An investing activity d. A noncash item that need not appear on the statement of cash flows.

Reference no: EM13906938

Questions Cloud

How is it beneficial for training employees : Take a look at this this video of the ADDIE Analysis: The ADDIE Analysis ( https://www.youtube.com/watch?v=JZdv5lrJs4U&feature=youtu.be) Why do we need to use it? And how is it beneficial for training employees
What if the government raised the minimum wage : Suppose you are the manager of the firm. What advice would you give the owners to raise the productivity of its labor? Be specific in your proposal.
Define an auxiliary procedure : How to use do to define (minimum lst) which returns the minimum of a list of numbers. You may want to define an auxiliary procedure (smaller x y), using if, which returns the smaller of the two numbers.
Identifying low-value sellers and high-value buyers : Which of the following is an important factor that tends to affect the magnitude of the own-price elasticity of demand for a good?
Change in the inventories account would be classified : In a statement of cash flows, a change in the inventories account would be classified as a. An operating activity   b. A financing activity c. An investing activity d. A noncash item that need not appear on the statement of cash flows
Prepare adjusting entries for the transactions : Prepare adjusting entries for the following transactions.
Wage and state unemployment tax rate : Thomas is an employer with one employee, Sarah. Sarah's wages are $19,450, and the state unemployment tax rate is 5.4 percent. Calculate the following amounts for Thomas:
Money to purchase stock and taxable corporate bonds : In 2012 The TOM borrowed money to purchase stock and taxable corporate bonds. During 2014 the paid $11900 of interest5 in conduction with this loan .The investment income for 2014 consist of $5000 of qualified dividend income $2400 of taxable interes..
Journalize each transaction and identify each transaction : Transactions for the Hartman Company for the month of November are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain how much interest income is recognized

The stated rate of interest is 11% while the current market rate of interest is 13%. Using the effective interest method, explain how much interest income is recognized by the investor in 2011

  Calculate the equivalent units of production

Calculate the equivalent units of production for direct materials and conversion costs for month. Use the FIFO costing method.

  Calculation of arithmetic geometric mean and npv anderson

calculation of arithmetic geometric mean and npv .anderson international limited is evaluating a project in erewhon.

  Discuss the issues related to the new notes

It is now year end and the share price is trading above the fixed conversion price but well below the 20% premium level. The note therefore cannot be tuned in (i.e., converted). The CEO feels that the share price will not exceed the 20% premium fo..

  The market share Brand K needs to break even

H.M.Alger has just become product manager for Brand K. Brand K is a consumer product with a retail price of $1.00. Retail margins on the product are 23%, while wholesalers have a 10% markup. Variable manufacturing costs for Brand K are $0.10 per unit..

  Compute the new depreciation charge per annum

XYZ ltd bought an item of plant at a cost of sh. 5,000,000. Depreciation is charged on straight line with an estimated useful life of 10yrs. After 3 years of use, it is estimated that the asset will be used for a further 5 years only.

  Account titles and explanation debit credit

No Doubt Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2014, No Doubt Company purchased 8,880 premiums at 80 cents each and sold 143,700 boxes of soap powder at..

  Complete the monthly flexible budget

Complete the monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending December 31, 2010.

  What are the direct costs to the mid-line of cars total

A company which manufactures 3 types of automobiles (standard, mid classm and luxury incurred the following costs for March. What are the direct costs to the mid-line of cars total

  A promissory note has outstanding payments of 650 at the

a promissory note has outstanding payments of 650 at the end of each of the next 5 years. what market price would be

  Express comprehensive cycle problem

Purchased inventory that cost $2,200 on account from Blue Company under terms 1/10, n/30. The merchandise was delivered FOB shipping point . Freight costs of $110 were paid in cash.

  Estimate of production and materials requirements

Tube-Magic Company makes a line of specialized plastic tubing items. During each of the next two years, it expects to sell 325,000 units. The beginning finished-goods inventory is 80,000 units. However, the target ending finished-goods inventory for ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd