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Indicate whether each of the following would be added to ordeducted from net income in determining net cash flow from operating activities by the indirect method:a. Loss on disposal of fixed assetsb. Decreases in accounts payablec. Decreases in salaries payabled. Depreciation of fixed assetse. Amortization of patentf. Decrease in accounts receivableg. Gain on retirement of long-term debth. Increase in merchandise inventoryi. Decrease in prepaid expensesj. Increase in notes receivable due in 90 days fromcutomersk. Amortization of goodwilll. Increase in notes payable due in 90 days tovendors
List and describe one advantage and one disadvantage of raising external funds with debt, preferred stock, and common stock.
A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an equal amount each year into an investment account that earns 8% interest per year, starting on the day your child is born..
What are the major features of a JIT production system such as that of High Point and prepare summary journal entries for February.
the annual sales for salco inc. were 4.5 million last year. the firms end-of-year balance sheet was as follows current
l company discovered that a three-year insurance premium payment of 240000 one year ago was debited to insurance
a car dealer acquires a used car for 14000terms fob shipping point. additional costs in obtaining andoffering the car
Throughout our textbook, the authors continually points out differences between the financial accounting rules in the U.S. (GAAP) and internationally (IFRS).
The cost of material that is not completely processed, would be found in which of the following inventory account on the Balance Sheet?
what was the character of that gain and what is the corporation's basis in the equipment.
There were no other pension related costs. The journal entry to record the annual pension costs will include a debit to pension expense for:
machine tool company purchased a 600000 welding machine to use in production of large machine tools and robots. the
Sable sells a passive activity with an adjusted basis of $245,000 for $305,000. Suspended losses attributable to this property total $45,000. The total gain and the taxable gain are:
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