User Account

All Pages

Reconcile a net income

Assignment Help Accounting Basics
Reference no: EM132032790

Question - River Corporation's accumulated depreciation increased by $12,000, while patents decreased by $3,500 between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss on sale of land of $2,500. Accounts receivable increased $5,000, inventory decreased $3,200, prepaid expenses decreased $800, and account payable increased $2,000. Reconcile a net income of $55,000 to net cash flow from operating activities.

Reference no: EM132032790

Questions Cloud

Develop a comprehensive strategy for a new division : The purpose of The Final Strategic Plan is to allow the student to develop a comprehensive strategy for a new division of an existing company.
How much will you pay in interest : How much will you pay in interest, and how much will you pay in principal, during the first month, second month, and first year?
Health care outcomes for patients : Today we have electronic medical records, thus as a means to hopefully reduced transcription error and over-all error rates, improving health care outcomes
Primary responsibility of a company : A survey found that 69 percent of MBA students view maximizing shareholder value as the primary responsibility of a company. Do you agree?
Reconcile a net income : River Corporation's accumulated depreciation increased by $12,000, Reconcile a net income of $55,000 to net cash flow from operating activities
Continuity level information assurance capabilities : Why would a firm pay more for business continuity level information assurance capabilities?
What is value of the common stock : Each year the dividends are expected to grow by 6.6%. Investors require a 9% rate of return. What is value of the common stock?
Explain the disciplinary actions : Explain the disciplinary actions that might be taken by an organisation if an employee's performance does not improve
Write down a short elevator speech : An elevator speech is a one-minute summary of who you are, why you are qualified, and what you have to offer the organization or industry.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journalize the entries to record the transactions

Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles

  Cyber security systems had sales of 3500 units at 75 per

cyber security systems had sales of 3500 units at 75 per unit last year. the marketing manager projects a 30 percent

  At the beginning of 2011 work in process included 7200 of

what is the balance of the work in process on december 31. at the beginning of 2011 work in process included 7200 of

  The furnace operation is part of the total process for each

the furnace operation is part of the total process for each of these three products. thus for example 5 of the 15 hours

  Compute diluted earnings per share

Monty Company's net income for 2017 is $53,400. Compute diluted earnings per share

  Determine the annual inflation and stock returns

The following are data on annual inflation and stock returns. Run a regression analysis of the data and determine whether there is a linear relationship.

  What is the amount of unrealizedgain or loss for year

At the end of Year 2, the portfolio had a value of $25. During Year 3, the entire portfolio is sold for $20. What is the amount of unrealizedgain or loss

  Ratios liquidity ratios current ratioacid-test

Riodan manufactoring ratios Liquidity ratiosCurrent ratioAcid-test, or quick, ratioReceivables turnoverInventory turnoverProfitability ratiosAsset turnoverProfit marginReturn on assetsReturn on common stockholdersâ?? equitySolvency ratiosDebt...

  If you had a choice between a stock or a cash dividend

if you had a choice between a stock or a cash dividend which would you choose? both are equal to 800. back up you

  The management of dewitz corporation is considering a

the management of dewitz corporation is considering a project that would require an initial investment of 73000. no

  Mchine a the cash price of this machine was 38000 related

machine a the cash price of this machine was 38000. related expenditures included sales tax 1700 shipping costs 150

  Create an argument for use of principles-based accounting

Create an argument for the use of principles-based accounting for leases over rules-based accounting under GAAP.

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