Business, 13.05.2020 13:57, kobiemajak

12-7 Reporting Cash Flows from Operating Activities (Indirect Method) LO12-2 The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 86,700 Expenses Cost of goods sold $ 51,775 Depreciation expense 7,400 Salaries expense 11,900 71,075 Net income $ 15,625 Partial Balance Sheet Current year Prior year Accounts receivable $ 11,000 $ 13,800 Inventory 13,000 9,800 Salaries payable 1,710 860 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:30, kingyogii

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.

Answers: 1

continue

Business, 22.06.2019 11:30, fjjjjczar8890

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Answers: 2

continue

Business, 23.06.2019 07:00, crarylolmeow

Which of the following are direct employee sources of foodborne disease organisms? a) normal flora b) sick employees c) transient microorganisms d) all of the above

Answers: 1

continue

Business, 23.06.2019 11:10, chickennbutt0730

Danielle puts 8 percent of her paycheck in a 401(k) plan administered by her employer. danielle earns $55,000 per year and is in the 28 percent tax category. what annual tax savings does she get from her contribution? if her employer matches contributions on the first 5% of her salary dollar for dollar and the second 5% 50 cents on the dollar, how much will her employer put into her account this year?

Answers: 2

continue

Do you know the correct answer?

12-7 Reporting Cash Flows from Operating Activities (Indirect Method) LO12-2 The following informati...