Leather shopleather shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. current assets decreased by $4,000, and current liabilities increased by $9,000. how much was leather shop'sleather shop's cash provided by operating activities (indirect method)? (a) $40,000(b) $66,000(c) $48,000(d) $74,000
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Ответ:
$75,000
This option has not been provided
Explanation:
Cash provided by operating activities
Net Operating Income
Add: Depreciation
Add: Decrease in current assets
Add: Increase in Current Liabilities
Using the information in question, we have
Cash Provided by operating activities = $57,000 + $5,000 + $4,000 + $9,000 = $75,000
None of the above is the right answer as the correct option is not available.
Ответ:
$22
Explanation:
Total common equity = $2,050,000
Net income = $250,000
Dividends = $100,000
Stock outstanding = 100,000 shares
Book value per share:
= (Beginning common equity + Net income - Dividend) ÷ Number of shares
= ($2,050,000 + $250,000 - $100,000) ÷ 100,000
= $2,200,000 ÷ 100,000
= $22
Hence, the ending book value per share is $22.