He net income reported on the income statement for the current year was $210,000. depreciation recorded on equipment and a building amount to $62,500 for the year. balances of the current assets and current liabilities accounts at the beginning and end of the year are as follows: end of year beginning of year cash $56,000 $59,500 accounts receivable (net) 71,000 73,400 inventories 140,000 126,500 prepaid expenses 7,800 8,400 accounts payable (merchandise creditors) 62,600 66,400 salaries payable 9,000 8,250 1. prepare the cash flows from operating activities section of the statement of cash flows, using the indirect method. use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e.g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work

Which of the statements is true about the values recorded in the balance sheet of a firm?

You park your car on sixth street and walk over to the quad for lunch. while crossing wright street, you are hit by a bicyclist and knocked to the ground. you hit your head so hard you are knocked out. when you wake up, the person who hit you is gone. you incur $45,000 in medical bills. the person who hit you would be liable for $150,000 in damages if you could find them. your policy will pay: