Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ***please show how to get answer*** 18. which of

***Please show how to get answer*** 18. Which of the following occurs when accrued...

80.2K

Verified Solution

Question

Accounting

image

image

image

***Please show how to get answer***

18. Which of the following occurs when accrued interest is accrued on a note payable, at yearend? a. Interest is accrued for the number of days the note is outstanding in the subsequent period. b. Interest is accrued for the number of days the note is outstanding in the current period. c. Interest is accrued for the total life of the note. d. None of the above. Net Income $40,000 Depreciation $15,000 expense Payment of $1,000 dividends Increase in accounts $3,000 receivable Increase in accounts $9,000 payable Acquisition of $25,000 equipment Sale of treasury stock $6,000 Payment of long- $13,000 term debt $11,000 the $42,000 Collection of long- term notes receivable Proceeds from sale of land Loss on sale of land $10,000 Decrease in $6,000 inventories 19. Under the indirect method, net cash provided by operating activities is: A) $94,000 B) $97,000 C) $77,000 D) $71,000 20. Under the indirect method, net cash provided by (used for) investing activities would be: A) $94,000 B) $71,000 C) $28,000 D) $(97,000) 21. Under the indirect method, net cash provided by (used for) financing activities would be: A) $5,000 B) $1,000 C) $(8,000) D) $94,000

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

Physics
1.2K views

a) Calculate, in units ofℏ, the magnitude of the maximum total (orbital+spin) angular momentum for an...

Electrical Engineering
1.2K views

(a) Chau’s electric circuit is a simple electronic circuit that can exhibit chaotic behaviour. The voltages...

Basic Math
1.2K views

The one to one functions g and h are defined as follows g x 2x...

Basic Math
1.2K views

What is the correct first step to solve this system of equations?4x - 3y =...

Statistics
1.2K views

The table below gives the number of hours spe

Calculus
1.2K views

Match the equation with its graph x y z 6

Calculus
1.2K views

Differentiate the following function.f(x) = -8 + 5x + 6 exf'(x) =

Algebra
1.2K views

Use the drawing tool s to form the correct answer on the provided number line...

Algebra
1.2K views

Find the inverse function of the given one to one function 1 x 15 p...

Accounting
1.2K views

Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July...

Accounting
1.2K views

Puritan Corp. reported the following pretax accounting income and taxable income for its first three...

Finance
1.2K views

Calculate a market value of equity for the subject company given the following information: Subject...