User Account

All Pages

How much should be reported as net cash provided

Assignment Help Accounting Basics
Reference no: EM132184635

Question - In 2016, Mind Corporation borrowed (long-term) $50,000, paid dividends of $28,000, issued 13,000 shares of stock for $ 50 per share, purchased land for $60,000, and received dividends of $6,000. Net income was $80,000, and depreciation for the year totaled $13,000. Accounts receivable increased by $11,000. How much should be reported as net cash provided by operating activities by the indirect method?

A - $82,000

B - $71,000

C - $711,000

D - $93,000

Reference no: EM132184635

Questions Cloud

Describe ways in which economic integration can be implement : Describe ways in which economic integration can be implemented, including some specific and recent examples.
What amount innovativeness report on cash flows statement : What amount should Innovativeness report on the statement of cash flows as "proceeds from sale of plant assets"
What role do emotions play in the workplace : What role do emotions play in the workplace? What are ways to build empathy and trust in organizational relationships?
Why do they believe it pays to pay differently : Think of a company that follows a lag policy and a company that follows a lead policy. Why do they believe it pays to pay differently?
How much should be reported as net cash provided : Accounts receivable increased by $11,000. How much should be reported as net cash provided by operating activities by the indirect method
Is the face value of a note receivable exchanged : Is the face value of a note receivable exchanged for goods and services always equal to the sales value of the transaction? Explain
Determine the patent amortization expense : Kleen Company acquired patent rights on January 10 of Year 1 for $416,000. Determine the patent amortization expense for the Year 4 ended December 31
What can christians learn from other religious traditions : What can Christians learn from other religious traditions? Support your position with at least one resource. (100 words or less)
Describe a health care barrier or issue : Describe a health care barrier or issue that needs addressed. Based on your Logic Model, present a brief summary of the health care barrier or issue presented.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare fund balance section of general fund balance sheet

(Classification of fund balance) The General Fund of Attmore County has a total fund balance of $850,000 at December 31, 2013.

  Explain the net income mean on the income statement

Anne Marie is the owner of Anne's Beauty Salon, Inc. Her accountant prepares a monthly financial statement for her business.

  Evaluate and discuss how the under billings

Evaluate and discuss how the under billings should have been accounted for in the original financial statements.Should the under billings be treated as gain contingencies? Explain your position.

  What is the schedule performance index for the project

Determine the total estimated cost at completion and estimated cost to complete for the project in Problem I, assuming the cost performance index remains.

  Von october 29 2010 lue co began operations by purchasing

von october 29 2010 lue co. began operations by purchasing razors for resale. lue uses the perpetual inventory method.

  Given the following pair wise exchange rates

You are given the following pair wise exchange rates: €1 = $1.1979 and £1 = $1.3125. (Here are the same exchange rates in a different format: $1.1979/€ and $1.3125/£.) (a) Calculate the cross-rate of euros per pound. (10 points) (b) Calculate the..

  Prepare journal entries for the purchase of treasury stock

Rinehart Corporation purchased from its stockholders 5,000 shares. Prepare journal entries for purchase of the treasury stock and three sales of treasury stock.

  Surf beach state college sbsc has a business school with

surf beach state college has a business school with three products undergraduate degrees graduate degrees and executive

  The polishing department of burgoa manufacturing company

the polishing department of burgoa manufacturing company has the following production and manufacturing cost data for

  Perform the audit on a fortune

Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering (IPO

  A company is considering investing in manufacturing

a company is considering investing in manufacturing equipment expected to cost 184000. the equipment has an estimated

  What do you understand by profit oriented and non

what do you understand by profit oriented and non profitoriented entities? differentiate between both of them and

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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