subject
Business, 24.04.2020 18:34 ashl3yisbored

Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ohio, Inc. Income Statement Year Ended December 31, 2018 Revenues and Gains: Sales Revenue $156,000 Interest Revenue 6,000 Total Revenues and Gains $162,000 Expenses and Losses: Cost of Goods Sold $140,000 Salary Expense 23,000 Depreciation Expense 7,200 Other Operating Expenses 13,400 Interest Expense 16,200 Loss on Sale of Plant Assets 5,000 Income Tax Expense 5,500 Total Expenses and Losses 210,300 Net Income (Loss) $(48,300) Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,200. Current liabilities increased by $2,300. Compute the net cash provided by (used for) operating activities.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 19:30
Maker-bot corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. no dividends were declared in the first two years. if the company pays $400,000 of dividends in the third year, how much will common stockholders receive?
Answers: 2
question
Business, 22.06.2019 03:10
Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work
Answers: 3
question
Business, 22.06.2019 18:00
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
question
Business, 22.06.2019 18:00
*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!
Answers: 1
You know the right answer?
Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following i...
Questions
question
Mathematics, 20.02.2022 16:20
Questions on the website: 13722363