Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the...
Reflective Therapy Inc. has the following changes to its
comparative statement of financial position from the previous
year:
For each of the changes listed below indicate whether the impact to
the reconciliation of operating cash flows using the indirect
method would be an increase or decrease on cash flows, or not
applicable.
| a. | Increase in royalty receivables |
|
||
| b. | Increase in accounts payable |
|
||
| c. | Decrease in prepaid taxes |
|
||
| d. | Increase in other current liabilities |
|
||
| e. | Increase in property, plant and equipment |
|
||
| f. | Decrease in unearned revenue |
|
||
| g. | Decrease in other current assets |
|
||
| h. | Increase in inventories |
|
||
| i. | Decrease in accounts receivable |
|
||
| j. | Increase in customer deposits |
|
IncreaseDecreaseNot ApplicableHomework Answers
| a. | Increase in royalty receivables | Decrease |
| b. | Increase in accounts payable | Increase |
| c. | Decrease in prepaid taxes |
|
| d. | Increase in other current liabilities | Increase |
| e. | Increase in property, plant and equipment | Not Applicable |
| f. | Decrease in unearned revenue | Decrease |
| g. | Decrease in other current assets | Increase |
| h. | Increase in inventories | Decrease |
| i. | Decrease in accounts receivable | Increase |
| j. | Increase in customer deposits |
|
IncreaseKindly comment if you need further assistance. Thanks‼!
Add Answer to:
Reflective Therapy Inc. has the following changes to its
comparative statement of financial position from the...
Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the...
Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. Increase in royalty receivables a. b. Increase in accounts payable c. Decrease in prepaid taxes d. Increase in other current liabilities e. Increase in property, plant and equipment...
attempt to answer.. help me get it right Reflective Therapy Inc. has the following changes to...
attempt to answer.. help me get it right
Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. a. Increase in royalty receivables Not Applicable b. Increase in accounts payable Increase c. Decrease in prepaid taxes Decret d....
I have shown the options Kindly select and show from that Wiley PLUS Problem 5-16 Reflective...
I have shown the options
Kindly select and show from that
Wiley PLUS Problem 5-16 Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. a. Increase in royalty receivables b. Increase in accounts payable Decrease in prepaid...
The comparative balance sheets for Windsor, Inc. show these changes in noncash current asset accounts: accounts...
The comparative balance sheets for Windsor, Inc. show these changes in noncash current asset accounts: accounts receivable decreased $80,800, prepaid expenses increased $30,200, and inventories increased $36,500 Compute net cash provided by operating activities using the indirect method, assuming that net income is $170,100 (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Windsor, Inc. Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income 170100 Adjustments to reconcile...
The comparative statements of financial position of Mikos Inc. as at December 31, 2017 and 2018,...
The comparative statements of
financial position of Mikos Inc. as at December 31, 2017 and 2018,
and its statement of earnings for the year ended December 31, 2018,
are presented below: MIKOS INC. Comparative Statements of Financial
Position December 31 2018 2017 Assets Cash $ 10,100 $ 18,100
Short-term investments 63,700 34,300 Accounts receivable 73,500
30,400 Inventories, at cost 56,200 41,100 Prepaid expenses 5,100
8,200 Land 49,400 75,500 Property, plant, and equipment, net
284,400 184,500 Intangible assets 25,100 30,200 $...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Harris Industries Inc. at December 31,...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Harris Industries Inc. at December 31, 2014 and 2043, is as follows: Dec. 31, Dec. 31, 2014 2013 Assets Cash Accounts receivable (net) Inventories Prepaid expenses $443,240 665,280 887,880 $360,920 592,200 1,022,560 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 (466,200) 1,134,000 (414,540) Accumulated depreciation-buildings Machinery and equipment Accumulated depreciation-machinery and equipment 781,200 (214,200) 106,960 $4,251,800 781,200 (191,520) 112,000 $3,724,420 Patents Total assets $837,480 32,760 Liabilities and Stockholders' Equity Accounts payable...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,335 Gain on disposal of property 1,170 Depreciation expense 11,615 Other items involving noncash expenses 1,400 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,025 Increase in prepaid expenses 560 Decrease in accounts payable 695 Decrease in accrued and other current liabilities 955...
The following comparative statements of financial position and income statement are for the business of Bargains...
The following comparative statements of financial position and income statement are for the business of Bargains Galore Pty Ltd: Bargains Galore Pty Ltd Comparative statements of financial position as at 30 June 2019 2020 Assets Cash at bank $15,000 $22,000 Accounts receivable 70,000 55,000 Inventory 50,000 67,000 Prepaid expenses 40,000 35,000 Plant and equipment 500,000 540,000 Accumulated depreciation - plant and equipment (150,000) (190,000) $525,000 $529,000 Liabilities and equity Accounts payable $33,000 $10,000 Expenses payable 22,000 30,000 Current tax liability...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 102,100 $ 53,000 Accounts receivable, net 78,500 60,000 Inventory 72,800 100,000 Prepaid expenses 5,300 7,200 Total current assets 258,700 220,200 Equipment 133,000 124,000 Accum. depreciation—Equipment (31,500 ) (13,500 ) Total assets $ 360,200 $ 330,700 Liabilities and Equity Accounts payable $ 34,000 $ 43,500 Wages payable 6,900 16,800 Income taxes payable 4,300 5,600 Total current liabilities...
Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. Increase in royalty receivables a. b. Increase in accounts payable c. Decrease in prepaid taxes d. Increase in other current liabilities e. Increase in property, plant and equipment...
attempt to answer.. help me get it right
Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. a. Increase in royalty receivables Not Applicable b. Increase in accounts payable Increase c. Decrease in prepaid taxes Decret d....
I have shown the options
Kindly select and show from that
Wiley PLUS Problem 5-16 Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. a. Increase in royalty receivables b. Increase in accounts payable Decrease in prepaid...
The comparative balance sheets for Windsor, Inc. show these changes in noncash current asset accounts: accounts receivable decreased $80,800, prepaid expenses increased $30,200, and inventories increased $36,500 Compute net cash provided by operating activities using the indirect method, assuming that net income is $170,100 (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Windsor, Inc. Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income 170100 Adjustments to reconcile...
The comparative statements of
financial position of Mikos Inc. as at December 31, 2017 and 2018,
and its statement of earnings for the year ended December 31, 2018,
are presented below: MIKOS INC. Comparative Statements of Financial
Position December 31 2018 2017 Assets Cash $ 10,100 $ 18,100
Short-term investments 63,700 34,300 Accounts receivable 73,500
30,400 Inventories, at cost 56,200 41,100 Prepaid expenses 5,100
8,200 Land 49,400 75,500 Property, plant, and equipment, net
284,400 184,500 Intangible assets 25,100 30,200 $...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Harris Industries Inc. at December 31, 2014 and 2043, is as follows: Dec. 31, Dec. 31, 2014 2013 Assets Cash Accounts receivable (net) Inventories Prepaid expenses $443,240 665,280 887,880 $360,920 592,200 1,022,560 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 (466,200) 1,134,000 (414,540) Accumulated depreciation-buildings Machinery and equipment Accumulated depreciation-machinery and equipment 781,200 (214,200) 106,960 $4,251,800 781,200 (191,520) 112,000 $3,724,420 Patents Total assets $837,480 32,760 Liabilities and Stockholders' Equity Accounts payable...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,335 Gain on disposal of property 1,170 Depreciation expense 11,615 Other items involving noncash expenses 1,400 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,025 Increase in prepaid expenses 560 Decrease in accounts payable 695 Decrease in accrued and other current liabilities 955...
The following comparative statements of financial position and income statement are for the business of Bargains Galore Pty Ltd: Bargains Galore Pty Ltd Comparative statements of financial position as at 30 June 2019 2020 Assets Cash at bank $15,000 $22,000 Accounts receivable 70,000 55,000 Inventory 50,000 67,000 Prepaid expenses 40,000 35,000 Plant and equipment 500,000 540,000 Accumulated depreciation - plant and equipment (150,000) (190,000) $525,000 $529,000 Liabilities and equity Accounts payable $33,000 $10,000 Expenses payable 22,000 30,000 Current tax liability...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained...
Most questions answered within 3 hours.
-
The vapor pressure of water at 20°C is 17.54 torr. Calculate the
vapor pressure (in torr)...
asked 15 minutes ago -
In python:
Create a list called numten that contains ten numbers go through
the list and...
asked 7 minutes ago -
Suppose you just bought the new Windoze 8 and that you realize
that it really sucks....
asked 9 minutes ago -
Hi,
can someone please explain to me the time complexity of an
algorithm specially big O...
asked 15 minutes ago -
Python
Prompt the
user to enter a step size to step down by. Write a while
loop...
asked 15 minutes ago -
Demonstrate the power of the Containment Theory of Walter
Reckless with regard to the idea of...
asked 27 minutes ago -
Case 3: New Retail Strategy
September 2010: American retailers are cutting expenses to
maintain stable profits...
asked 37 minutes ago -
What do you expect to happen when acetylacetone reacts with a
base? Draw structures of the...
asked 36 minutes ago -
What is meant by biocultural evolution? what examples will
better describe how it might have influenced...
asked 1 hour ago -
How
do I locate proper sources that are peer reviewed articles for this
topic : placing...
asked 1 hour ago -
A recent graduate decided to have $1 million ready for
retirement 30 years from now. The...
asked 1 hour ago -
Schrute Farm Sales buys portable generators for $460 and sells
them for $720 He pays a...
asked 1 hour ago