Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with these three questions 1. 2. 3. Filton Company reported net income of $47,274 for the year. During the year, accounts receivable increased

please help with these three questions

1.

image text in transcribed

2.

image text in transcribed

3.

image text in transcribed

Filton Company reported net income of $47,274 for the year. During the year, accounts receivable increased by $6,632, accounts payable decreased by $3,253 and depreciation expense of $47,339 was recorded. Find the net cash provided by operating activities for the year Select the correct answer $104,498 o$84,728 o$97,992 o$47,274 The following information is available from the current period financial statements: Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable Determine the net cash flow from operating activities using the indirect method Select the correct answer. $119,813 29,483 17,970 23,477 O$190,743 o$107,849 $48,883 O$119,813 Match each phrase that follows with the term it describes. Clear All Generally provides the most useful report for setting long- term prices. Absorption costing only May be used in a manufacturing company Variable costing only Operating income is impacted by changes in inventory level. Both absorption and variable costing Treats fixed manufacturing cost as a period cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping And Accounting For Beginners

Authors: Warren Piper Ruell

1st Edition

1654626090, 978-1654626099

More Books

Students also viewed these Accounting questions

Question

Find the sum of the first 20 terms of the series 17 + 13 + 9 + g .

Answered: 1 week ago