Mathematics, 26.11.2021 22:30 ichooseme10
The following information is necessary to answer questions 2, 3, and 4:
Increase in prepaid insurance 1000; Goodwill 2000; Equipment Depreciation expense
15000; Increase in accounts payable 3000; Net income 35000;Issuance of common
stock 12000; Increase in inventory 5000; Payment of dividends 9000; Increase in
bonds payable 7000;Decrease in accounts receivable 4000; increase in mortgage
payable 26000;
Addditional information: Purchased equipment for $ 20,000, financing $10,000 on a
note payable, and exchanging $ 5000 in common stock.
Sold equipment for $10,000 that cost $ 18,000 and had accumulated depreciation of
$ 6,000
Sold marketable securities for $ 15,000 that cost $ 13,500.
What is the net cash flow provided or used from operations?
a) 55,000
b) 53,500
c) 52,500
d) 51,500
Answers: 2
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Benjamin believes that ¼ % is equivalent to 25%. is he correct? why or why not?
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The following information is necessary to answer questions 2, 3, and 4:
Increase in prepaid insura...
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