Entries by Hannah Wangui

A company bought a $1,000,000 building and $500,000 of land with a $300,000 cash down payment and used a new mortgage to pay the balance. What is the investing cash flow in this transaction?

November 20, 2020 in /by

A company bought a $1,000,000 building and $500,000 of land with a $300,000 cash down payment and used a new mortgage to pay the balance. What is the investing cash flow in this transaction?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Which of the following would be shown as a positive number in the Operating section of the SCF under the indirect method? (check all that apply)

November 20, 2020 in /by

Which of the following would be shown as a positive number in the Operating section of the SCF under the indirect method? (check all that apply) – Decrease in inventory – Increase in Income Taxes Payable – Depreciation on a building – Gain on sale of equipment – Proceeds from a mortgage   Looking for […]

 

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A company has Net Income of $10, which included $2 of depreciation expense

November 20, 2020 in /by

A company has Net Income of $10, which included $2 of depreciation expense. There were no other noncash expenses in Net Income and there were no gains or losses. Accounts receivable was $20 at the beginning of the year and $25 at the end of the year. Accounts payable was $15 at the beginning of […]

 

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A company put together a preliminary version of its financial statements.

November 20, 2020 in /by

A company put together a preliminary version of its financial statements. Its net income was $200, its Depreciation Expense was $40, and its Cash Flow from Operations was $90. The accounatnt found an error in computing straight-line Depreciation Expense. It should have been $50. What is Cash from Operations after fixing this mistake? (you can […]

 

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