Question: A decrease in the inventory account from 55,000 at the beginning of the year to $15,000 at the end of the year would be shown

A decrease in the inventory account from 55,000 at the beginning of the year to $15,000 at the end of the year would be shown on the statement of cash flows prepared under the indirect method as: A an addition to net income of 510.000 in order to arrive at net cash provided by operating activities. B. an addition to net income of 510.000 in order to arrive at net cash provided by operating activities. c. a deduction from net income of 510.000 in order to arrive at net cash provided by operating activities D.a deduction from net income of $5.000 in order to arrive at net cash provided by operating activities

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Fabric Plant: Budgeted overhead: $1,200,000 (50% fixed) Practical volume (direct labor hours): 120,000 hours Actual overhead: $1,150,000 (50% fixed) Actual hours worked: Weaving and Pattern Coloring...

Under Armour Inc Cash Flow Statement ADV For the Year Ended December 31 2009 2010 Cash Flow-Operating Activities (5 Millions) 2011 2012 2013 2014 2015 2016 2017 3018 2019 2020 Net Income Depreciation...

Given below are comparative balance sheets and an income statement for the Excellent Corporation for 2015 Excellent Corporation Balance Sheets-2015 Excellent Corporation Income Statement for the vear...

TIPLE CHoICE. Choose the one alternative that completes the statement or answers the question. best accepted of creating and/or using generally 1) Many organizations have contributed to the process...

Question 4 You are a highly respected tax consultant with a consultancy situated in Windhoek. The following information is presented to you: Abner Ltd imports trading stock from Hugos Traders, one of...

Given below are comparative balance sheets and an income statement for the Excellent Corporation for 2015 Excellent Corporation Balance Sheets 2015 Excellent Corporation Income Statement for the year...

1. A business borrowed $200 000 from GT Finance. The effect of this transaction on the accounting equation is: A. decrease loan from GT Finance $200 000; decrease cash $200 000. B. increase loan from...

hello tutors can someone help with question 2 and 3 please? Thank you Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10- K (Mark one) ANNUAL REPORT...

Hi, can someone help with question 2 and 3 please? Thank you Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10- K (Mark one) ANNUAL REPORT PURSUANT TO...

Calculate Z, HR and SR by Peng/Robinson equation for the following substances and compare results with values obtained from suitable generalized correlations: a) Carbon monoxide at 175K and 60bar b)...

Suppose that you hate typing and hate filing. a. Draw a graph with "hours of typing" on the horizontal axis and "hours of filing" on the vertical. Do your indifference curves slope upward or...

Solve differential equation with laplace transform y - y = - 7 cos ( kt ) , y ( 0 ) = 7

jian is trying to figure out how much life insurance he requires. His net income is $5,250 per month. His mortgage payment is $2,000 per month and his lifestyle expenses total $2,500 per month. Using...

The variable cost in NewShoes is the unit cost of the product. Fixed costs are the marketing expenses for a region along with the allocated product development expense. Applying the formula with a...

Cruise Industries purchased $10,800 of merchandise on February 1, 2014, subject to a trade discount of 9% and with credit terms of 3/15, n/60. It returned $3,500 (gross price before trade or cash...

Read about Cachegrind 1 which is a tool for simulating cache and branch misses in a program. Examine the attached toy example BP test toy.c and understand how it works. Your task is to modify the BP...

5. Create two collections in database PopularRestaurants as following and populate the collections with two json files (one for Restaurants, one for Users) using mongoimport function. Each json files...

Question 2 ( 1 point ) A is used to compare actual progress on the project and determine the amount and causes of variance, and actions to get back on schedule. project plan baseline schedule bar...

=+3. Some new and old skills will come into play when working in social media. What are some of the core skills a social media professional needs to embrace for the future? Do you agree with these,...

=+3. What are the different perspectives of line and staff managers? How can HR improve its overall relationship with line managers?

=+2. You are advising a high school senior on getting involved in social media. What tips and best practices would you recommend to the student?