User Account

All Pages

Which disclosures would appear on statement of cash flows

Assignment Help Financial Accounting
Reference no: EM132492398

Question 1: Lincoln Restaurants reported net income in 2016 of $46.70 million and depreciation expense of $49.60 million. It also reported additions to property and equipment of $163.70 million. Which of the following disclosures would appear on the 2016 statement of cash flows?

A. Depreciation of $49.60 million would be deducted from net income under operating activities and the $163.70 million would be added under investing activities.

B. Depreciation of $49.60 million would be added to net income under operating activities and the $163.70 million would be added under investing activities.

C. Depreciation of $49.60 million would be deducted from net income under operating activities and the $163.70 million would be deducted under investing activities.

D. Depreciation of $49.60 million would be added to net income under operating activities and the $163.70 million would be deducted under investing activities.

Reference no: EM132492398

Questions Cloud

What oak corporations current e & p is : What Oak Corporation's current E & P is? Oak Corporation, a calendar-year taxpayer, has taxable income of $110,000 for the year.
Calculate the arc elasticity between a price of 9 and price : The equation for a demand curve has been estimated to be Qd = 100 - 10P + 0.5Y, where Q is quantity, P is price and Y is income. Assume P = 9 and Y = 100.
What is salesforces business model : What is salesforce.com's business model? What are the key success factors in the company's business? How will these be observable from the company's financial
Calculate the company weighted average cost of capital : Calculate the company weighted average cost of capitaL.What is the firm's WACC in this new capital structure? Why do we need to be concerned with the WACC?
Which disclosures would appear on statement of cash flows : Reported additions to property and equipment of $163.70 million. Which of the following disclosures would appear on the 2016 statement of cash flows?
Calculate the arc elasticity between a price : The equation for a demand curve has been estimated to be Qd = 100 - 10P + 0.5Y, where Q is quantity, P is price and Y is income. Assume P = 9 and Y = 100.
What is the underlying theory of privileged communication : What is the underlying theory of privileged communication and Preponderance of evidence is a higher standard of proof than clear and convincing evidence
What is the purchasing power parity value of the euro : Consider trade between Canada and the European Union. Canada uses the $C and Europe uses the Euro. In 2018, a typical basket of goods
What net amount will the aoci account change for clarity : By what net amount will the AOCI account change for Clarity as a result of these two events? Clarity Corp. has changed its business model.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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