PLEASE ANSWER ALL!! Sed Help Save & Exit The...

60.1K

Verified Solution

Question

Accounting

PLEASE ANSWER ALL!!
image
image
image
Sed Help Save & Exit The Hamada Company sales for 2021 totaled $158.000 and purchases totaled $91000. Selected January 1, 2021, balonces were: accounts receivable. $19,500; inventory. $15,500; and accounts payable, $10,200. December 31, 2021, balances were accounts receivable, $14,600; Inventory, $19,600; and accounts payable, $14,300. Net cash flows from these activities were: Multiple Choice $71,900 $76,000 $67,000 $86,500 15 Molly's Auto Detailers maintains its records on the cash basis. During 2021. Moby's corected $72.900 from customers and paid $20,900 in expenses Depreciation expense of $3.100 would have been recorded on the accrual basis. Over the course of the yout, accounts receivable increased 55,600, prepaid expenses decreased $2,400, and accruede decreased $2,900. Molly's accrual basis net income was Multiple Choice *O2 $42.000 $49.200 o $96.900 $55.000 Help Savet 18 Fink Insurance collected premiums of $18,400,000 from its customers during the current year. The adjusted balance in the Deferred premiums revenue account increased from $4.0 million to $8.6 million dollars during the year. What is Fink's revenue from insurance premiums recognized for the current year? Multiple Choice 04642 $13.800,000 $18.400,000 $23,000,000 $9,800,000

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