The following information pertains to Guy’s Gear Company: Sales $ 80,000 Expenses: Cost of Goods Sold $ 50,000 Depreciation Expense 6,000 Salaries and Wages Expense 12,000 68,000 Net Income $ 12,000 Accounts Receivable Decrease $ 4,000 Inventory Increase 8,000 Salaries and Wages Payable Increase 750 Required: Present the operating activities section of the statement of cash flows for Guy’s Gear Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Solved
Show answers
More tips
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
Answers on questions: Business
- B Business A CEedit card s Minimum monthly payment refers to A. the miniIM amount of changes made to a credit score each month. B. the minimum amount a borrower must pay back each month. )...
- B Business •Economics• Why does a country s money supply increase when banks use fractional reserve banking? O A. Foreign currency is automatically converted into the country s own currency....
- B Business Cross beds form . as an alluvial fan is deposited on a slope as wind or water causes sand to be deposited on the lee of dunes and ripples as shale is deposited over sandstone in...
- S Social Studies Cosella is conducting an experiment where she assesses how quickly teenagers can run a 100-meter race after consuming specific amounts of caffeine. She divides her sample up into...
- B Business Stricter laws and regulations to protect intellectual property rights A. will only benefit those companies whose intellectual property rights have in the past been ignored. B. will...
- S Spanish Cuando voy de viaje, siempre compro algunos regalos típicos. 1. A mí también me gusta visitar todos los lugares turísticos. 2. Yo siempre hablo el idioma del país con todo el mundo....
- B Business Consult www.phrma.org, the Pharmaceutical Research and Manufacturers of America. What steps is the branded indus-try taking to address the various ethical issues it faces, such...
- C Chemistry The graphs show a titration curve for the amino acid histidine. Label the fist curve with the major histidine species at each position. One histidine species will not be used. Label...
- M Mathematics C. If a ladder is 5.5 m long and it is placed 3 m from the wall, solve and show the work when you use the Pythagorean Theorem to find how far up the wall the ladder will reach....
- C Chemistry The change in internal energy for the combustion of 1.0 mol of octane at a pressure of 1.0 atm is -5084.1 kJ. You may want to reference (Pages 381 - 385) Section 9.6 while completing...
Ответ:
Answer and Explanation:
The Presentation of the operating activities section of the statement of cash flows is shown below:-
Guy’s Gear Company
Statement of cash flow using the indirect method
Cash flows from operating activities:
Net income $12,000
Adjustments of net income
with cash provided by operating activities:
Depreciation expense $6,000
Changes in current assets
and current liabilities
Decrease in accounts receivable $4,000
Increase in inventories -$8,000
Increase in salaries and
wages payable $750 -$3,250
Net Cash provided by operating activities $14,750
Therefore to reach the net cash provided by operating activities we simply add net income depreciation expenses and deduct the decrease in accounts receivable, increase in inventories and wages payable.
Ответ:
not me ur too desperat means ur not fine srry
Explanation: