Using the excerpt from the Animal World Company statement of cash flows analyze thoroughly the cash flow from operating activities. Be sure to
offer possible reasons for the changes identified.
Operating Activities 2015 2014
Net income $(2,800) $(9,800)
Depreciation and amortization 21,800 21,700
Loss on disposal of property and equipment 11,000 3,100
Increase (decrease) in cash resulting from changes in:
Accounts receivable (10,100) (9,200)
Inventories (35,500) (56,500)
Accounts payable and accrued expenses 54,700 24,200
Net cash provided (used) by operating activities $39,100 $(26,500

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Which of the following is not a benefit typically offered by employers? a. health insurance b. vacation pay c. retirement plans d. guaranteed raises

Problem 1. the following balance sheet contains errors. lopez services, inc. balance sheet for the year ended december 31, 20-- assets liabilities current assets: current liabilities: cash $ 6,170 accounts receivable $ 9,000 accounts payable 8,500 accum. depr- building 13,525 supplies 1,590 accum. depr- equipment 6,340 prepaid insurance 345 net income 12,500 land 25,000 total current assets $ 42,105 total liabilities $ 40,865 stockholders equity property, plant, and equipment: wages payable $ 500 building $ 45,500 retained earnings 10,000 equipment 28,250 total stockholders' equity $ 64,490 total property, plant, and equipment 73,750 total assets $115,855 total liabilities and stockholders' equity $115,855 (a) list the errors in the balance sheet above and (b) prepare a corrected balance sheet using ms excel