connecticut, inc. uses the indirect method to prepare its statement of cash flows. refer to the following portion of the comparative balance sheet:
connecticut, inc.
comparative balance sheet
december 31, 2019 and 2018
2019 2018 increase / (decrease)
cash $ 24,000 $ 25,000 $( 1,000 )
accounts receivable 34,000 37,000 (3,000)
merchandise inventory 53,000 25,000 28,000
plant and equipment 125,000 93,000 32,000
accumulated depreciation-plant and equipment (46,000) (42,000) (4,000)
total assets $ 190,000 $ 138,000 $ 52,000
additional information provided by the company includes the following:
1. equipment was purchased for $ 69,000 with cash.
2. equipment with a cost of $ 37, 000 and accumulated depreciation of $ 7,000 was sold for $ 45,000.
required :
1. what was the amount of net cash provided by (used for) investing activities?
Answers: 2
Business, 21.06.2019 23:30, khohenfeld0
Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?
Answers: 2
Business, 22.06.2019 13:40, allytrujillo20oy0dib
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
Business, 22.06.2019 14:20, dieguezisabel
In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5
Answers: 1
Business, 22.06.2019 23:00, infoneetusinghoyg22o
To increase sales, robert sends out a newsletter to his customers each month, letting them know about new products and ways in which to use them. in order to protect his customers' privacy, he uses this field when addressing his e-mail. attach bcc forward to
Answers: 2
connecticut, inc. uses the indirect method to prepare its statement of cash flows. refer to the foll...
Mathematics, 17.07.2019 00:30
Mathematics, 17.07.2019 00:30
History, 17.07.2019 00:30