Reconcile the amount of net income to the amount of cash

Assignment Help Accounting Basics

Reference no: EM13130318

Zephre Company reported net income for the year of $56,000. Depreciation expense for the year was $12,000. During the year, accounts receivable increased by $4,000, inventory decreased by $6,000, accounts payable increased by $3,000, and accrued expenses payable decreased by $2,000. Reconcile the amount of net income to the amount of cash provided by or used for operating activities.

Reference no: EM13130318

Questions Cloud

Essay comparing continental, pragmatic, and analytic : Write a 350- to 700-word essay comparing Continental, Pragmatic, and Analytic philosophies.

Illustrate what amlount should kim report in its flows : There was no amortization of bond premium or discount during the year. Illustrate what amlount should Kim report in its 2011 statement of cash flows for redemption of bonds payable?

What is the probability of a defect : Units with weights less than 5.8 or greater than 6.2 ounces will be classified as defects. What is the probability of a defect (to 4 decimals)?

How many grams of precipitate will form : How many grams of precipitate will form from 100mL solution that is both 0.90 M in Na2S and 0.20 M in PbCl2?

Reconcile the amount of net income to the amount of cash : Zephre Company reported net income for the year of $56,000. Depreciation expense for the year was $12,000. During the year, accounts receivable increased by $4,000, inventory decreased by $6,000, accounts payable increased by $3,000, and accrued e..

Description of least common denominator : Adding 4 fractions. The denominators are: 3a, 24b, 7a, and 25b. What is the LCD?

What is the ph of a solution that contains benzoic acid : The Common Ion Effect. What is the pH of a solution that contains 0.250-M benzoic acid and 0.600-M sodium benzoate?

Calculate the fraction of atoms in a sample : Calculate the fraction of atoms in a sample of argon gas at 391 K that have an energy of 12.7 kJ

Issue on accountants and auditors : Determine the impact that the Act had on that particular issue, on accountants and auditors, and on stakeholders.

User Account

All Pages