Entries by Hannah Wangui

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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Now suppose that Net revenue reported by XYZ for fiscal year 2009 is $60,000 million

November 20, 2020 in /by

Name: Now suppose that Net revenue reported by XYZ for fiscal year 2009 is $60,000 million. This net revenue has been reported net of bad debt expense. XYZ also experienced an increase of $2,000 million in Gross accounts receivables during fiscal year 2009. How much cash (in millions) was collected by XYZ from its customer […]

 

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