Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: Net income for the year was $100,000. Dividends of $80,000 cash were declared and paid. The only noncash expense was $70,000 of depreciation Purchased plant assets for $70,000 cash. Notes payable of $20,000 were issued for $20,000 cash. $70,000 increase in accounts receivable. $20,000 decrease in inventory. $10,000 decrease in accounts payable.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Need true or false 1 2 3 4 5 6 7 8

You should do all of the following before a job interview except