JMB Photography reported net income of $100,000 for 2010. Included in the income statement were depreciation expense
Question:
JMB Photography reported net income of $100,000 for 2010. Included in the income statement were depreciation expense of $6,000, patent amortization expense of $2,000, and a gain on sale of equipment of $3,600. JMB’s comparative balance sheets show the following balances
Calculate net cash provided by operating activities for JMB Photography
Transcribed Image Text:
12/31/09 12/31/10 Accounts receivable Accounts payable $21,000 9,200 $27,000 6,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Cash flows from operating activities Net income 100000 Adjustments to rec...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
The computation of cash provided by operating activities requires analysis of the noncash current asset and current liability accounts. Determine the missing amounts for each of the following...
-
In 2008, Chevron reported net income of $23.9 billion, $5.4 billion of which was income recognized on investments in affiliate companies accounted for under the equity method. In that same year,...
-
In 2012, Chevron reported net income of $26.3 billion, $6.9 billion of which was income recognized on investments in affiliate companies accounted for under the equity method. In that same year,...
-
Most people rely on implicit costs in their everyday lives. Can you give some examples? What alternatives did you have to achieve the desire outcome?
-
According to the Statistical Summary of Students and Staff, prepared by the Department of Information Resources and Communications, Office of the President, University of California, the Fall 2012...
-
Suppose that buyers assume that there is a 30% chance of getting a plum, and 8 of 10 cars in the used car market are lemons. Is this equilibrium?
-
You are conducting a survey on the number of people per house in your region. From a sample with n = 60, the mean number of people per house is 3 and the standard deviation is 1 person. Using...
-
The unadjusted trial balance of LaBarbara Data at December 31, 2014, appears below. Adjustments had been made until November, but no adjustments for December have been made. Adjustment data: a....
-
The Hudson Systems company has a product that must be shipped from a production facility, then to a warehouse, and then to a retail store. The product is manufactured in either Atlanta (with...
-
(2) The following table consists of training data from an employee database. (2) The following table consists of training data from an employee database. The data have been generalized. For example,...
-
Rapture Corporation had the following transactions. 1. Issued $200,000 of bonds payable. 2. Paid utilities expense. 3. Issued 500 shares of preferred stock for $45,000. 4. Sold land and a building...
-
Grinders Corporation issued the following statement of cash flows for 2010. (a) Compute free cash flow for Grinders Corporation. (b) Explain why free cash flow often provides better information than...
-
Put these four situations in the correct order: XXXX II. III. IV. XXXX (A) I, III, IV, II (B) I, IV,II, III (C) IV, I, III, II (D) I, III, II, IV CO (ppm) Time (min) O, (ppm)
-
In what stage in the product life cycle would you consider Tesla automobiles to be? a. Introduction b. Growth c. Maturity d. Decline
-
Siobhan Clark just bought a Chicago Cubs jersey with player Jon Lesters name and number on the back, as well as a hat and jacket that display the Cubs logo. The type of branding strategy used for...
-
Sally and Brian only go shopping on Tuesdays because they can get the senior discount. Which pricing strategy are they taking advantage of? a. Predatory pricing b. Price discrimination c. Target...
-
How can consumers know if its safe to use their credit cards to make a purchase?
-
Who is responsible for keeping the credit card numbers of Lowes customers secure?
-
When might it be optimal to exercise an American put option early?
-
The following selected information was taken from Sun Valley Citys general fund statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2019: Revenues:...
-
Find a domain on which is one-to-one and a formula for the inverse of restricted to this domain. Sketch the graphs of and 1 . (x) = x 3 + 9
-
What are the reasons that corporations invest in securities?
-
What are the reasons that corporations invest in securities?
-
Tino Martinez is confused about losses and gains on the sale of debt investments. Explain to Tino (a) How the gain or loss is computed, and (b) The statement presentation of the gains and losses.
-
Give an example of one piece of financial information that may be used differently for two stakeholders (users) and explain how it would be used and presented differently?
-
Complete common -size statements (balance sheets) using the data below on page 246. You will be required to create a spreadsheet in MS Excel to display the statements (balance sheets).? In a 1 to 2...
-
A sail boat in the Great South Bay travels 2 miles east and then 4 miles south to get to Fire Island. What is its distance and displacement?
ISE Principles And Applications Of Electrical Engineering 7th Edition - ISBN: 1260598098 - Free Book
Study smarter with the SolutionInn App