Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the income statement of ayayai corporation is pres

The income statement of Ayayai Corporation is presented here. Additional information: 1. Accounts receivable increased...

90.2K

Verified Solution

Question

Accounting

imageimageimageimage

The income statement of Ayayai Corporation is presented here. Additional information: 1. Accounts receivable increased $300,000 during the year, and inventory decreased $500,000. 2. Prepaid expenses, which relate to administrative expenses, increased $100,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $300,000 during the year. 4. Accrued salaries payable decreased $100,000 during the year. 5. Income tax payable increased $50,000 during the year. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2018 , for Ayayai Corporation . . ... . ; s e.g. (15,000)

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

Chemistry
1.2K views

Consider the following reaction: HC2H3O2(aq)+H2O(l)⇌H3O+(aq)+C2H3O−2(aq) Kc=1.8×10−5 at 25∘C If a solution initially contains 0.180 M HC2H3O2H, what is...

Civil Engineering
1.2K views

Consider a rectangular channel with a variable width b and horizontal channel bottom, a) Obtain the...

Physics
1.2K views

b 4s C 2s 30 A uniform solid cylindrical roller of mass m is being...

Geometry
1.2K views

15 Does the relation is complementary to for angles have a reflexive property consider one...

Basic Math
1.2K views

Two equal length sides of a triangular roof meet at a 90 degree angle at...

Algebra
1.2K views

Graph the linear equation by the point plotting method or by finding intercepts 8y 16...

Accounting
1.2K views

Overhead cost incurrence and limitations pre

Accounting
1.2K views

Joint cost allocation Lovely Lotion Inc. produces three different lotions: hand, body, and foot. The...

Accounting
1.2K views

5. The Following data are for the month of April for the Action Company, a...

Accounting
1.2K views

PROBLEM V - Cash Flows Statement (25 Points): Presented below are the financial...

Accounting
1.2K views

Bridgeport Company has hired a consultant to propose a way to increase the company's revenues....

Accounting
1.2K views

the total dollar amount of the debit equal the total amount of credit in the...