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What does a consistent negative cash flow from operating activities suggest about a company's long-term viability?
Which of the following transactions would be classified under operating activities in the statement of cash flows?
A company has a gain of \$5,000 from the sale of equipment. How should this be treated in the indirect method calculation?
A company has net income of \$70,000, depreciation expense of \$8,000, and an increase in accounts receivable of \$4,000. What is the net cash inflow from operating activities?
What is the purpose of using a cheat sheet in the indirect method calculation?
What is the role of interest payable and income tax payable T accounts in calculating cash paid for operating expenses?
Given a beginning balance of income tax payable of \$2,000, an income tax expense of \$6,000, and an ending balance of \$1,500, what is the cash paid for income taxes?
A company sells a building with a historical cost of \$100,000 and accumulated depreciation of \$60,000 for a loss of \$10,000. What is the cash received from the sale?
A company sells a piece of land with a historical cost of \$80,000 and accumulated depreciation of \$0 for a gain of \$20,000. What is the cash received from the sale?
Given the following T-account information: Retained Earnings beginning balance \$120,000, net income \$25,000, dividends declared \$15,000, and ending balance \$130,000. Calculate the cash dividends paid if dividends payable increased by \$1,000.
How does net income affect the retained earnings account?
What effect do dividends have on the retained earnings account?
A company has a bond payable of \$500,000 and decides to repay \$100,000 of it. Additionally, it pays \$20,000 in cash dividends. What is the total cash outflow from financing activities?
What is the journal entry for exchanging a \$150,000 note payable for land?
If a company issues 300,000 shares of \$0.02 par value common stock to retire \$600,000 of bonds payable, what is the APIC?