Business

Business, 21.06.2019 21:20, arielpraczko1

Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show

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Business, 24.06.2019 20:00, mickellife4659

Virginia company uses the indirect method to prepare the statement of cash flows. refer to the following section of the comparative balance sheet: virginia company comparative balance sheet december 31, 2018 and 2017 2018 2017 increase/(decrease) accounts payable $4,000 $6,000 $(2,000) accrued liabilities 2,000 1,000 1,000 long-term notes payable 84,000 90,000 (6,000) total liabilities $90,000 $97,000 $(7,000) how will the change in accounts payable be shown on the statement of cash flows?

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Business, 16.07.2019 17:20, anymouse110

"the diversified portfolio corporation provides investment advice to customers. a condensed income statement for the year ended december 31, 2018, appears below: service revenue $ 960,000 operating expenses 730,000 income before income taxes 230,000 income tax expense 46,000 net income $ 184,000 the following balance sheet information also is available: 12/31/18 12/31/17 cash $ 348,000 $ 73,000 accounts receivable 126,000 103,000 accounts payable (operating expenses) 76,000 63,000 income taxes payable 13,000 21,000 in addition, the following transactions took place during the year: common stock was issued for $106,000 in cash. long-term investments were sold for $53,000 in cash. the original cost of the investments also was $53,000. $83,000 in cash dividends was paid to shareholders. the company has no outstanding debt, other than those payables listed above. operating expenses include $33,000 in depreciation expense."required: 1. prepare a statement of cash flows for 2018 for the diversified portfolio corporation. use the direct method for reporting operating activities 2. prepare the cash flows from operating activities section of diversified's 2018 statement of cash flows using the indirect method

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Business, 02.08.2019 17:20, iamhayls

The diversified portfolio corporation provides investment advice to customers. a condensed income statement for the year ended december 31, 2018, appears below: service revenue $ 1,200,000 operating expenses 850,000 income before income taxes 350,000 income tax expense 70,000 net income $ 280,000 the following balance sheet information also is available: 12/31/18 12/31/17 cash $ 480,000 $ 85,000 accounts receivable 150,000 115,000 accounts payable (operating expenses) 100,000 75,000 income taxes payable 25,000 45,000 in addition, the following transactions took place during the year: common stock was issued for $130,000 in cash. long-term investments were sold for $65,000 in cash. the original cost of the investments also was $65,000. $95,000 in cash dividends was paid to shareholders. the company has no outstanding debt, other than those payables listed above. operating expenses include $45,000 in depreciation expense. required: 1. prepare a statement of cash flows for 2018 for the diversified portfolio corporation. use the direct method for reporting operating activities. 2. prepare the cash flows from operating activities section of diversified’s 2018 statement of cash flows using the indirect method.

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Business, 09.09.2019 18:10, tyler5016

Virginia company uses the indirect method to prepare the statement of cash flows. refer to the following section of the comparative balance sheet: virginia company comparative balance sheet december 31, 2018 and 2017 2018 2017 increase/(decrease) accounts payable $4,000 $6,000 $(2,000) accrued liabilities 2,000 1,000 1,000 long-term notes payable 84,000 90,000 (6,000) total liabilities $90,000 $97,000 $(7,000) how will the change in accounts payable be shown on the statement of cash flows? a) as a deduction from investing cash flows b) as an addition to operating cash flows c) as an addition to net income d) as a deduction from net income

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