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Questions -
Q1. Angela was given a direct cash flow statement prepared by a small company that her boss was considering acquiring. The cash from operations was $470,000, cash used in investing was $330,000 and cash from financing showed a use of $100,000. In addition, the balance sheet showed the accounts receivable had increased by $70,000, the accounts payable had decreased by $10,000 and inventory had increased by $15,000. Net income was $510,000. Her company uses the indirect method of cash flow statements, so her boss wanted to know how much cash from operations would be using that format.
Q2. Olga's boss is really excited. His company is doing an acquisition and the new company will add $2,000,000 in depreciation. He is looking at this year's cash flow statement and trying to figure out how much more cash they would have had if they already had the $2,000,000 in depreciation. He has asked Olga to calculate how much cash from operations would have increased.
A fixed asset with a cost of $34,112.00 and accumulated depreciation of $30,700.80 is sold for $5,799.04. What is the amount of the gain or loss on disposal
this assignment is to be done alone. it is due in class by the posted due date with no exceptions. other than the
whitsitt inc. has provided the following data to be used in evaluating a proposed investment project initial investment
the trumpet company units of a product that required 3.25 standard hours per unit. the standard fixed overhead cost
The interest was accrued and paid in the following year. Determine the amount that D's net income for tax purposes will decrease in the current year
(Organization of the CAFR) Explain the organization of the comprehensive annual financial report, as specified in GASB Statement No. 34.
How are customer advances and refundable deposits similar and yet different?
slipshod machine tool co. owes 40000 to one of its suppliers. the supplier has offered a trade discount of 210 net 30.
How a manager would use the concepts in the articles you reviewed in managerial decisions. Based on the articles you reviewed, discuss what you learned
On May 1, 2018, Green Corporation issued $2,700,000 of 8% bonds, dated January 1, 2018, Prepare the journal entry for the issuance of the bonds
Management accounting guidelines. For each of the following items, identify which of the management accounting guidelines applies: cost-benefit approach.
below is a partial list of account balances for lbj companycash 12000prepaid insurance 1300accounts receivable
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