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متابعة

At the end of the current fiscal year, Premiere Company reported net income of $25,000. In addition, the following information is available.

 

 

Prior Fiscal Year   Current Fiscal Year

 

Accounts receivable $10,000   :    $12,000

 

Inventories22,000    :     19,000

 

Prepaid expenses6,000    :     7,000

 

Accounts payable14,000    :   19,000

 

Long-term debt70,000    :   62,000

What amount should be reported as cash flow from operating activities on Premiere’s Statement of Cash Flows for the current fiscal year?

a. $25,000.

b. $27,000.

c. $33,000.

d. $30,000.

 

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تم إضافة السؤال من قبل mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia
تاريخ النشر: 2015/05/17
Muhammad Ramzan Tufail  ACCA
من قبل Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(D) is the Correct Ans.

 

30,000

 

Detail can be provided on demand.

Thank you;.

Mir Mujtaba Ali
من قبل Mir Mujtaba Ali , Internal Audit Manager , Confidential

d $30,000

.............................

Alex Al Yazouri
من قبل Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

d. >>>>>>>>>>>>>>>>>>>>>>>>>>> $30,000.

Ahmer Zamir
من قبل Ahmer Zamir , Consultant , Saleem Associates & Co

The Correct option is D)30,000

 

The Net Income =                                             25,000

Adustments of working capital changes

Increase in Rcceivables                                    (2,000)

Decreae in Inventory                                           3,000

Increae in Prepaid                                               (1,000)

Decrease in Payables                                        5,000                         

                                                                                30,000

Ahmed Abdi Mahad
من قبل Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

Dear brother the correct answer for your question is choice D $30,000

Thanks

ايمن محمد عاطف محمد
من قبل ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

d. $30,000==========================================

Mirza Gul Rehman Baig
من قبل Mirza Gul Rehman Baig , Accountant , Fazal Cloth Mills Limited.

D>.................................................//////////////. $30,000.

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

D is the correct answer 

Thank you 

PRADEEP VELAYUDHAN
من قبل PRADEEP VELAYUDHAN , Chief Accountant , Super Group

correct answer is d-$30000

Mohammad Masbah Uddin Apel
من قبل Mohammad Masbah Uddin Apel , Sr. Executive - Finance & Accounts , STS Holdings Limited

Ans: D is the correct answer that is  30,000

عبدالحميد عفلي
من قبل عبدالحميد عفلي , متصرّف مسؤول المحاسبة العامة والنزاعات الجبائية , الشركة الجهوية للنقل بالقيروان

.................30000 agree with answers

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟