part a Using the selected data below, calculate the net cash provided by operating activities: Net income
Question:
part a
Using the selected data below, calculate the net cash provided by operating activities:
Net income | $250,000 |
Increase in accounts receivable | $13,000 |
Increase in accounts payable | $10,000 |
Loss on the sale of equipment | $8,000 |
Depreciation expense | $21,000 |
Purchase of new delivery truck | $40,000 |
Question 6 options:
$276,000 | |||||||||
260,000 | |||||||||
$282,000 | |||||||||
$263,000. Part b The Mitchell Company has 100,000 shares of $5 par common stock outstanding. Management declares (not pays) a 10% stock dividend. The market value of a share of common stock was $15 immediately prior to the stock dividend declaration. The journal entry is: Question 1 options:
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello