Business, 10.09.2019 20:30, dinalavecc59341
Required information
use the following information for the problems below.
lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow.
lansing company
income statement
for year ended december 31, 2017
sales revenue $ 118,200
expenses
cost of goods sold 49,000
depreciation expense 15,500
salaries expense 25,000
rent expense 9,700
insurance expense 4,500
interest expense 4,300
utilities expense 3,500
net income $ 6,700
lansing company
selected balance sheet accounts
at december 31 2017 2016
accounts receivable $ 6,300 $ 7,200
inventory 2,680 1,890
accounts payable 5,100 6,000
salaries payable 1,020 770
utilities payable 360 230
prepaid insurance 330 420
prepaid rent 360 250
problem 16-1a indirect: computing cash flows from operations lo p2
required:
prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)
lansing company
cash flows from operating activities—indirect method
for year ended december 31, 2017
cash flows from operating activities:
adjustments to reconcile net income to net cash provided by operations:
Answers: 2
Business, 22.06.2019 16:40, kyleap984ovm04g
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
Answers: 1
Business, 23.06.2019 00:50, Bunnybear3384
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
Business, 23.06.2019 01:00, softballgirl3589
Tariffs and quotas are often imposed when a government is more responsive to interests, and the benefits of those trade restrictions are often ; concentrated producer; widely dispersed consumer; widely dispersed consumer; concentrated
Answers: 3
Required information
use the following information for the problems below.
lansing com...
use the following information for the problems below.
lansing com...
Biology, 14.11.2020 15:30
Physics, 14.11.2020 15:30
Physics, 14.11.2020 15:30
Mathematics, 14.11.2020 15:30
Mathematics, 14.11.2020 15:30
Spanish, 14.11.2020 15:40