Indirect method-cash flow from operations

Assignment Help Accounting Basics

Reference no: EM13133168

Net income was $ 61,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from operations is $47,000.

Reference no: EM13133168

Questions Cloud

Prepare the journal entry to record depletion : Everly Corporation acquires a coal mine at a cost of $408,400. Intangible development costs total $102,100. After extraction has occurred, Everly must restore the property.

Research paper on human resources : I need help writing a research paper on Human Resources. The topics for this paper are, Job Analysis - define and analize why it is so important

What is the incremental effect on profit : An outside supplier has offered to produce the machines for Thomas for $700 a unit. What is the incremental effect on profit for this make or buy decision?

Linearly dependent set of three vectors : What is an example of a linearly dependent set of three vectors with the property that any single vector can be removed from the set without changing the span of the set?

Indirect method-cash flow from operations : Net income was $ 61,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from o..

Calculate an estimated specific heat for the metal : 25 g of a certain metal is heated in boiling water and then poured into 90 mL of water initially at 22.0oC. After the water has resumed a constant temperature.

Computing translation and reflection : A student claims that anything that can be accomplished by a translation can be accomplished by a reflection. She claims that if A' is the image of A under a translation, then A' can be obtained by a reflection in the line(which is the perpendicul..

Find the z-score for each student : Find the z-score for each student. Assuming both tests measure the same kind of ability, which student had the higher score?

Principle of causality and the intent : I strongly believe in what goes around comes around. This is a quote which means that whatever you do in this life to other people, whether it is good or bad, the same will return to you.

User Account

All Pages