题目内容
Peterson Painting Company is a commercial painting contractor. At the beginning of 20×7, Peterson’ s net working capital was $ 350000. The following transactions occurred during 20×7 :Performed services on credit $150000Purchased office equipment for cash10000Recognized salaries expense 54000Purchased paint supplies on on credit 25000Consumed paint supplies 20000Paid salaries50000Collected accounts receivable157000Recognized straight-line depreciation expenses 2000Paid accounts payable 15000 Calculate Peterson’ s working capital at the end of 20×7. Working capital Change in cash ①A. $ 416000 $ 80000 ②B. $ 414000 $ 82000 ③C. $ 416000 $ 82000
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Determine the cash flow from operations given the following table.ItemAmountCash payment of dividends $30Sale of equipment $10Net income$25Purchase of land $15Increase in accounts payable $20Sale of preferred stock $25Increase in deferred taxes $5Profit on sale of equipment $15
Which of the following statements about the indirect method of calculating the statement of cash flows is least accurate
Jodi Lein, small business consultant, is currently working with RJ Landscaping, a sole proprietorship. She is trying to educate the owner on the importance of monitoring cash flows. Operating information as of the end of the most recent month appears below: Cash from sale of truck of $ 7000. Cash salaries paid of $17000. Cash from customers of $ 45000. Depreciation expense of $ 5500. Interest on bank line of credit of $1000. Cash paid to suppliers of $ 22000. Other cash expenses, including rent, of $ 6300. No taxes due. Using this information, Lein calculates the cash flow from operations for the month at:
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