Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. consider the following items. (a) decrease in acco

Consider the following items. (a) Decrease in accounts receivable (b) Issuance of common stock (c)...

80.2K

Verified Solution

Question

Accounting

image

Consider the following items. (a) Decrease in accounts receivable (b) Issuance of common stock (c) Increase in interest receivable (d) Purchase of land (c) Decresse in accounts payable (f) Gain on the sale of equipment (g) Depreciation expense (h) Payment of dividends (i) Decrease in utilities payable (j) Increase in inventory How many of these items would be added to net income when using the indirect method to prepare the operating activities section of the statement of cash flows? Mary's Muslc Store reported net income of $139,000. Beginning balances in Accounts Receivable and Accounts Payable were $26,500 and $20,500. respectively. Ending balances in these accounts were $33,500 and $12,400, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be: Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: What is the receivables tumover ratio for 2024 (Round your answer to two decimal places.) A A partial balance shect for Captain D's Sportsweat is shown below: (dollars in thousands) What is the company's current ratio? (Round your answer to two decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students