How is an increase in inventory included in the amounts reported as cash flows from operating activities
Question:
(a) The indirect method
(b) The direct method?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
a When the indirect method is used the changes in inventor...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025877
11th edition
Authors: Theodore E. Christensen, David M. Cottrell, Cassy JH Budd
Question Posted:
Students also viewed these Accounting questions
-
What does an increase in inventory imply? How would this increase in inventory be reported under the indirect method?
-
What does an increase in inventory imply? How would this increase in inventory be reported under the indirect method?
-
Hardware Suppliers reports net income of $165,000. Included in net income is a gain on the sale of land of $20,000. A comparison of this years and last years balance sheets reveals an increase in...
-
TDS is a national delivery company based at Thornton Science Park. They employ 5 0 staff including administration, vehicle drivers, and warehouse workers. Their system is reliant on IT systems. Their...
-
Jack Block opens a tax and bookkeeping services business. Blocks Tax and Bookkeeping Services, on July 1, 2008. He invests $40,000 for all the common stock of the business and the firm borrows...
-
Should self-service always be rewarded with lower prices? Please explain.
-
Support for the form of the generalized version of Fick's law introduced in this chapter can be found in the thermodynamics of irreversible processes. Here we introduce a brief description of this...
-
In the project environment, cause-and-effect relationships are almost always readily apparent. Good project management will examine the effect in order to better understand the cause and possibly...
-
How do circular economy principles and reverse logistics systems optimize resource utilization and minimize waste generation throughout the product lifecycle, promoting sustainable consumption...
-
Hasan Fareed, a 24-year-old college graduate, never took a personal finance class. He pays his bills on time, has managed to save a little in an investment account, and with the help of an...
-
What factors may cause a subsidiary's income contribution to consolidated EPS to be different from its contribution to consolidated net income?
-
How do the consolidation entries at the end of the year change when an acquisition occurs at midyear rather than at the beginning of the year?
-
Classify the number as a member of one or more of the following sets: the rational numbers, the integers, the natural numbers, the irrational numbers. 123
-
Pencil Company acquired 80 percent of Stylus Corporations stock on January 2, 20X3, for $72,000 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Required Prepare a...
-
Problem Company owns 90 percent of Solution Dairys stock. The balance sheets of the two companies immediately after the Solution acquisition showed the following amounts: The fair value of the...
-
What types of investments in common stock normally are (a) accounted for using the equity method (b) carried at fair value?
-
Define quality.
-
How does the use of interperiod tax allocation procedures affect the amount of income assigned to noncontrolling shareholders in the period in which the subsidiary records unrealized intercompany...
-
Name each of the compounds below, using the IUPAC system of nomenclature. 28. Name each of the compounds below, using the IUPAC system of nomenclature. CI OH (a) (b) HO. (c) (d) 3 (e) (f)
-
7 A 29-year-old, previously healthy man suddenly collapses at a party where legal and illicit drugs are being used. Enroute to the hospital, he requires resuscitation with defibrillation to establish...
-
Power Corporation acquired 70 percent of Silk Corporations common stock on December 31, 20X2. Balance sheet data for the two companies immediately following the acquisition follow: At the date of the...
-
Power Corporation acquired 70 percent of Silk Corporations common stock on December 31, 20X2. Balance sheet data for the two companies immediately following the acquisition follow: At the date of the...
-
Canton Corporation is a majority-owned subsidiary of West Corporation. West acquired 75 percent ownership on January 1, 20X3, for $133,500. At that date, Canton reported common stock outstanding of...
-
Can you elucidate the principles underlying genome organization and chromatin structure, including the roles of topologically associating domains (TADs) and chromosomal territories in gene regulation...
-
State three ways of using artificial intelligence and machine learning in marketing and explain each use case with two examples.
-
discuss the principles of population genetics, including allele frequency distributions, Hardy-Weinberg equilibrium, genetic drift, and natural selection, and how these concepts inform our...
Study smarter with the SolutionInn App