Operating activities by the indirect method

Assignment Help Accounting Basics

Reference no: EM13524796

Garagiola Company had net income in the current year of $470,000. Depreciation expense for the year totaled $67,000. During the year the company experienced an increase in account receivable (all from sales to customers) of $35,000 and increase in accounts payable (all to suppliers) of $56,000. Compute the amount of cash provided by or used for operating activities by the indirect method.

Reference no: EM13524796

Questions Cloud

Calculate the area of the large square : The circle inside the large square below has an area of 71.4 cm2. Calculate the area of the large square

Estimate the acceleration of the car : A certain automobile manufacturer claims that its super-deluxe sports car will accelerate from rest to a speed of 39.6 m/s in 7.73 s. Find the acceleration of the car

Explain the water of crystallization (x) for the hydrate : An unknown hydrate of calcium nitrate, Ca(NO3)2 * XH2O, is heated to give 30.5% water. What is the water of crystallization (X) for the hydrate

Construct venn diagram : Construct Venn diagram for the following statement. specify subject and predicate terms. A)No one can drop out of school when they're thirteen.

Operating activities by the indirect method : Compute the amount of cash provided by or used for operating activities by the indirect method.

Explain liquids with similar molar masses : Consider the following liquids with similar molar masses. Predict which has the strongest intermolecular attraction based only on vapor pressure data.

Taxable income for calzone trucking company : Calculate the 2014 taxable income for Calzone Trucking Company. Indicate the amount and the effect of any carryforwards or carrybacks on Calzone Trucking's current, past, or future income. Show and label all of your work.

Expalin state of ammonia at normal atmospheric pressure : Predict the physical state of ammonia at -95 degrees C (mp =-77degrees C, Bp =-33 degrees C) and normal atmospheric pressure.

Beliefs in everyday life : Describe a belief that you would continue to believe even if solid logical evidence was supplied which demonstrated your belief could not possibly be true.

User Account

All Pages