Question: plz help with both QUESTION 21 When using the indirect method to prepare the operating section of a statement of cash flows, which of the

plz help with both

QUESTION 21 When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by used by operating activities? Gain on sale of land Increase in accounts receivable. All of these are added to net income to arrive at cash flow from operating activities Amortization of patent. QUESTION 22 All else equal, a company in a mature stage of its life-cycle generally has: e net cash provided (used) by financing activities that is lower than a company in a start-up phase. net cash provided (used) by operating activities that is lower than a company in a start-up phase net cash provided (used) by investing activities that is higher than a company in a growth phase

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!

QUESTION 9 When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted from net income to compute cash provided by used by...

14. The primary purpose of the statement of cash flows is to provide information A) about the entity's ability to meet its obligations and to pay dividends B) about the operating investing and...

9) In a statement of cash flows, the cash flows from investing activities section should report A) the factoring of accounts receivable B) a major overhaul of equipment C) stock dividends received D)...

INI Question Help Accountants for Jackson, Inc. have assembled the following data for the year ended December 31, 2018 (Click the icon to view the current accounts.) Click the icon to view the...

a. Five items b. Three items c. Four items d. Two items 20. A 30% stock dividend is reported in connection with a statement of cash flows as: A. A financing activity. B. An investing activity C. A...

19. When preparing a statement of cash preparing a statement of cash loan (indirect methodl, which of the following is Hot an adjustm adjustment to reconcile net income to be cash vided by operating...

not an adjustment to reconcile het A) A change in income taxes payable B) A change in interest payable C) A change in dividends payable D) All of these are adjustments. 20. When using the indirect...

When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided/used by operating activities? a....

Part I 1) On January 1, 2021, Golden Company acquires $400,000 of ABC Company's 10- year, 6% bonds at a price of $460,000 to yield 4%. Interest is payable each December 31. The bonds are classied as...

Question completion Status: QUESTION 19 When using the Indirect method to prepare the operating activities section of the statement of cash flows, how is a decrease in current habilities handied? O....

Assume that x is a binomial random variable with n = 1,000 and p = .50. Find each of the following probabilities: a. P(x > 500) b. P(490 x 550)

What is the difference between the gross public debt and the net public debt? Explain whether the Feds purchase of newly issued Treasury bonds affects the gross public debt or the net public debt.

Outline the merits of protection.

How the Virtual Career Center can assessment tools be useful for evaluating organizational fit?

Discuss how business practices such as outsourcing and offshoring affect business communication. (Objective 1)

The company for which you work has offered you two tickets to a sold-out event (e.g., a concert, an NFL game). Two of your friends know you have the tickets; each wants to be the person you invite to...

Ethics. Picture yourself as the author of the Ask Andy column in your company newsletter. This month, you receive a letter from Edna, who writes, Im tired of all the office politics here. I think...