If the indirect method is used, which of the following items appears on a statement of cash
Question:
If the indirect method is used, which of the following items appears on a statement of cash flows?
a. Collections from customers
b. Payments to suppliers
c. Cash receipt of interest revenue
d. Depreciation expense
Select the best choice from among the possible answers given.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
The indirect method presents the statement of cash flows beginning with net income or loss w...View the full answer
Answered By
HIMANI KALRA
i have done my graduation in electronics engineering and after that done my post graduation in MBA and finally got job in one of the reputed banks as a assistant manager . also worked previously as a financial analyst in one of the renowned company.
side by side due to my interest in studies and enhancing my skills more i try to teach and update myself too with the current education criteria and available syllabus.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Question Posted:
Students also viewed these Business questions
-
Which of the following supplemental disclosures to the statement of cash flows is not required when the indirect method is used? a. Income taxes paid. b. Reconciliation of net income to net cash...
-
Assuming the indirect method is used to prepare the statement of cash flows, tell whether each of the following items would appear (a) In cash flows form operating activities (b) In cash from...
-
Which method is better at reporting information on the statement of cash flowsthe indirect or direct method? Your finance professor said that the indirect method is a better way to prepare the...
-
Craig Industries was in the business of manufacturing charcoal. Craig, the corporation's president, contracted in the name of the corporation to sell the company's plants to Husky Industries. Craig...
-
Differentiate between global advertising and international advertising. Do you think consumers in foreign markets will react favorably to GM's new pop band-fueled Cadillac commercials as do American...
-
What is a performance measurement system?
-
An increase in interest rates __________ the value of preferred stock.
-
In January, gross earnings in Yoon Company totaled $90,000. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Prepare the entry to record...
-
1 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 100 points eBook Sales Selling price per pair of skis...
-
1. Using the spreadsheet model from Case 2.1 as a starting point, use Solver to find the optimal set of projects to approve. The solution should maximize the total NPV from the approved projects, and...
-
Selling equipment for cash is reported on the statement of cash flows under a. Operating activities. b. Investing activities. c. Financing activities. d. Noncash investing and financing activities....
-
On an indirect method statement of cash flows, an increase in prepaid insurance is a. Added to net income. b. Added to increases in current assets. c. Deducted from net income. d. Included in...
-
Without using a calculator, evaluate, if possible, the following expressions. sin1
-
Analysts and investors often use return on equity ( ROE ) to compare profitability of a company with other firms in the industry. ROE is considered a very important measure, and managers strive to...
-
Provide a brief summary of the case. Respond to the following: 1. Discuss the factors which contributed to the success of the change process in terms of unfreeze, move, and refreeze stages in force...
-
Prepare a proposal where a government agency meets with consumer groups and producers on how to address the shortages in rice, sugar, onions, and fuel, i.e. oil, gasoline and the like. Use the format...
-
Decided to embark on a personal improvement project centered around time management after reviewing the insightful workbook by Neuhauser et al. (2004). My decision was influenced by my recognition...
-
You are the Senior Manager of IAuditYou LLP, you were recently assigned to take over a very important client for the company, The engagement partner, Max Roff, has been the audit partner for the past...
-
What assumptions are made in CVP analysis? Do those assumptions invalidate the predictions managers make using CVP analysis?
-
For a nonzero constant a, find the intercepts of the graph of (x 2 + y 2 ) 2 = a 2 (x 2 - y 2 ). Then test for symmetry with respect to the x-axis, the y-axis, and the origin.
-
Accumulated other comprehensive income relations Selected information based on the comparative balance sheets for MosTechi Corporation (MosTechi), a Japanese electronics manufacturer; appear neat for...
-
Accumulated other comprehensive income relations Selected information based on the comparative balance sheets for Solaronx Company (Solaronx), a U.S. defense manufacturer, appears in the following...
-
Discontinued operations Selected information from Bayer Groups financial statements for the years ended December 31, 2006 and 2007, appear below. Bayer Group (Bayer) is a German pharmaceutical...
-
Your company produces a health magazine. Its sales data for 1 - year subscriptions are as follows: Year of Operation Subscriptions Sold % Expired at Year End 2 0 2 0 $ 3 0 0 , 0 0 0 5 0 2 0 2 1 $ 6 4...
-
The adjusted trial balance for Tybalt Construction on December 3 1 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 3 1 Number Account Title Debit Credit 1 0 1 Cash $...
-
( US$ millions ) 1 2 / 3 1 / 2 0 1 4 1 2 / 3 1 / 2 0 1 3 1 2 / 3 1 / 2 0 1 2 1 2 / 3 1 / 2 0 1 1 Net income $ 1 4 , 4 3 1 $ 1 2 , 8 5 5 $ 1 0 , 7 7 3 $ 9 , 7 7 2 Depreciation 3 , 5 4 4 2 , 7 0 9 1 ,...
Study smarter with the SolutionInn App