Calculating cash flow. kaplan company's income statement for 20x2 showed sales revenues of $1,280, cost of goods sold of $960, and depreciation of $100, yielding a net income of $220. its balance sheets at the beginning and end of the year showed the following amounts, among others: beginning end of of year year merchandise inventory $14 $19 accounts payable . $9 $ 3 accounts receivable $18 $20 required: calculate the amount of cash flow from operating activities using both the direct and indirect methods.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.