Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if youre able to - mark the answers on the picture

if youre able to - mark the answers on the picture that i posted please...

80.2K

Verified Solution

Question

Accounting

image
image
if youre able to - mark the answers on the picture that i posted please
PB12-2 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The Income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below. $ 74,000 Income Statement Sales Revenue Expenses Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expenso Insurance Expense Interest Expense Utilities Expense Net Income 34,000 15,600 9,600 2,100 1,100 1,000 800 $ 9,800 Selected Balance sheet Accounts Ending Balances Inventory $ 450 Accounts Receivable 1,600 Accounts Payable 1,340 Salaries and Wages Payable 590 Utilities Payable 120 Prepaid Rent 70 Prepaid Insurance 60 Beginning Balances $ 530 1,340 1,580 320 110 70 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the Indirect method. (Amounts to be deducted should be indicated by a minus sign.) CALENDARS INCORPORATED Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: 0 $ 0

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

Q

Identify an unsolved problem about the microbiota that will be best solved through systems biological approaches. What problem...

Biology
Q

A pycnometer is a device used to measure densities. You are in the lab and need...

Chemistry
Q

Name a branch of psychology that has produced multiple laws. For full credit name at least...

Psychology
Q

Clearly identify and discuss the entry strategy Starbucks has used internationally. In your answer, you must...

General Management
Q

approximately 2 5mm x 8mm polysaccharide Scientific fact Rice is composed of starch a and...

Biology
Q

only one force which always acts towards a fixed point O lying on the circumference...

Physics
Q

Tyler Herro, a former University of Kentucky player, now plays for the Miami Heat. As...

Basic Math
Q

Strategic planning is one of the most important ways a management team can make provision...

Accounting
Q

3.8 Computing Cash Collections from Customers. Caterpillar manufactures heavy machinery and equipment and provides...

Accounting
Q

Beckenworth had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and...

Accounting
Q

Dette opp We program that promote to enter two gumbers and on whom itd The...

Accounting
Q

5. What does it mean if the: a. delta of a call option is 0.7?...

Finance