Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Retained earnings account has a credit Dalance of 532,300 before closing entries are made total revenues for the period are $100.200 peses are $74,000,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The Retained earnings account has a credit Dalance of 532,300 before closing entries are made total revenues for the period are $100.200 peses are $74,000, and did wewe is the ending balance in the Refined earnings account aer al closing entries we made? Me Choice 300 541,400 11.00 o 532,300 O A machine with a cost of $149.000 and accumulated depreciation of $94.500 sold for $69.000 cash. The cash flow amount that should be reported in the operating cos section reported under the direct method is: Map Choice O 18.000 14.00 354100 50 125 500 A company reported that les bonds with a par value of $50.000 and a carrying value of $64.500 ara retired for $69.000 cash, resulting in a loss of 54,500. The amount to be reported under cash from from financing activities Multiple Choice $164.500 $14.500 O $4.500) $109,000 O O 514.500 Use the following information to calculate cash recelved from dividends: Dividends revenue Dividends receivable, January 1 Dividends receivable, December 31 $ 32,800 3,200 4,600 Multiple Choice $28,200. .O $32,800. $31,400 O $36,000 O $34,200. A company's income statement showed the following net income, $137,000 and depreciation expense, $33.900. The company's current assets and currentes showed the following changes accounts receivable decreased $10700; merchandise inventory increased $20,600 and accounts payable increased 54,700. Calculate the net cash provided or used by operating avbes Me Choice 501000 o 5176300 S04900 o $165.700 5497500

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

Internationale Rechnungslegung IFRS Praxis

Authors: Author

1st Edition

3834909289, 9783834909282

More Books

Students also viewed these Accounting questions

Question

Factor the given expressions completely. 4pq 14q 2 16pq 2

Answered: 1 week ago

Question

What are the advantages and disadvantages of an MBO program?

Answered: 1 week ago