Can you answer that for me and explain why?
Homework Answers
| Collection from customers | 140000 |
| Depreciation expense | 3000 |
| Salaries paid | -90000 |
| Utilities paid | -10000 |
| Cash provided by operating activities | 43,000 |
Option E is the answer
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Can you answer that for me and explain why?
24. A Company recorded the following cash...
can you give me the answer and explain why?also can you explain why A is incorrect....
can you give me the answer and explain why?also can you explain
why A is incorrect. thx
24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. $0. ($3,000). $50,000. None of the choices are correct.
QUESTION 11 Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries....
QUESTION 11 Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries. Paid $80,000 to purchase office equipment. Paid $20,000 for utilities. Paid $8,000 in dividends. Collected $350,000 from customers. What was Gibson's net cash provided by operating activities? O A. $170,000 OB. $150,000 O C. $142,000 OD. $70,000
Multiple Choice Question 94 Vaughn Manufacturing recorded the following cash transactions for the year: Paid $142500...
Multiple Choice Question 94 Vaughn Manufacturing recorded the following cash transactions for the year: Paid $142500 for salaries. Paid $58400 to purchase office equipment. Paid $15300 for utilities. Paid $5000 in dividends. Collected $290000 from customers. What was Vaughn's net cash provided by operating activities? O $127200 $73800 $147500 $132200
Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH...
Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter ,,F,N) 12. Paid dividends to stockholders 13. 14. Paid interest on the loan Provided services to customers on account Paid for equipment purchased for the company 15. Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Rick Radar, the sole stockholder, invested $15,000 cash in the business in exchange for common stock. 2. Rick contributed $22,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $1,000 cash to rent office space for the month of...
Assignment rt Time: 09:46 PM/ Remaining: 104 min CES Multiple Choice Question 94 Nash's Trading Post,...
Assignment rt Time: 09:46 PM/ Remaining: 104 min CES Multiple Choice Question 94 Nash's Trading Post, LLC recorded the following cash transactions for the year: Paid $130000 for salaries. Paid $55000 to purchase office equipment. Paid $14000 for utilities. Paid $5000 in dividends Collected $275000 from customers. What was Nash's,LLC net cash provided by operating activities? $145000 $76000 O $126000 $131000 Click if you would like to Show Work for this question: Qen Show Work
Sheffield Corp. compiled the following financial information as of December 31, 2017: Service revenue Common stock...
Sheffield Corp. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $1165000 248000 300000 984000 275000 82000 38000 155000 109500 570000 Sheffield stockholders' equity on December 31, 2017 is: $669000 $879000 $999000 $917000 Oriole Company recorded the following cash transactions for the year: Paid $140500 for salaries. Paid $57300 to purchase office equipment. Paid $15800 for utilities. Paid $5200 in dividends. Collected...
Under cash-basis accounitng, which of the following would be recorded as an expense? a. Insurance that...
Under cash-basis accounitng, which of the following would be recorded as an expense? a. Insurance that expires in the current period that was paid for in the previous period. b. Cash paid for dividends in the current period. c. Cash paid for rent in the current period. d. Employee salaries in the current period that will be paid next period. e. Two of the other answers are correct. At the time a company purchases land using cash, which of the...
During January, Your Company engaged in the following cash transactions: 1) issued stock for $30,000 2)...
During January, Your Company engaged in the following cash transactions: 1) issued stock for $30,000 2) borrowed $45,000 from its bank 3) provided services for $32,000 cash 4) paid back $10,000 of the bank loan 5) paid employees' salaries, $2,000 6) purchased supplies for $3,000 7) paid $5,000 dividends to stockholders What is the net cash flow from financing activities for January? Group of answer choices
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
can you give me the answer and explain why?also can you explain
why A is incorrect. thx
24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. $0. ($3,000). $50,000. None of the choices are correct.
QUESTION 11 Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries. Paid $80,000 to purchase office equipment. Paid $20,000 for utilities. Paid $8,000 in dividends. Collected $350,000 from customers. What was Gibson's net cash provided by operating activities? O A. $170,000 OB. $150,000 O C. $142,000 OD. $70,000
Multiple Choice Question 94 Vaughn Manufacturing recorded the following cash transactions for the year: Paid $142500 for salaries. Paid $58400 to purchase office equipment. Paid $15300 for utilities. Paid $5000 in dividends. Collected $290000 from customers. What was Vaughn's net cash provided by operating activities? O $127200 $73800 $147500 $132200
Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter ,,F,N) 12. Paid dividends to stockholders 13. 14. Paid interest on the loan Provided services to customers on account Paid for equipment purchased for the company 15. Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of...
Radar Repair Company opened on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Rick Radar, the sole stockholder, invested $15,000 cash in the business in exchange for common stock. 2. Rick contributed $22,000 of equipment to the business in exchange for common stock. 3. The company provided $8,000 of services to customers on account. 4. The company paid $1,000 cash to rent office space for the month of...
Assignment rt Time: 09:46 PM/ Remaining: 104 min CES Multiple Choice Question 94 Nash's Trading Post, LLC recorded the following cash transactions for the year: Paid $130000 for salaries. Paid $55000 to purchase office equipment. Paid $14000 for utilities. Paid $5000 in dividends Collected $275000 from customers. What was Nash's,LLC net cash provided by operating activities? $145000 $76000 O $126000 $131000 Click if you would like to Show Work for this question: Qen Show Work
Sheffield Corp. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $1165000 248000 300000 984000 275000 82000 38000 155000 109500 570000 Sheffield stockholders' equity on December 31, 2017 is: $669000 $879000 $999000 $917000 Oriole Company recorded the following cash transactions for the year: Paid $140500 for salaries. Paid $57300 to purchase office equipment. Paid $15800 for utilities. Paid $5200 in dividends. Collected...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
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