Increase in inventory balance, Accounting Basics

+44 141 628 6080
[email protected]

Increase in inventory balance

An increase in inventory balance would be reported in a statement of cash flows, using the indirect method, as a(n):

a) addition to net income in arriving at net cash flow from operating activities.

b) deduction from net income in arriving at net cash flow from operating activities.

c) cash outflow from investing activities.

d) cash outflow from financing activites.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Increase in inventory balance

Reference No:- TGS045894

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Accounting change on the prior periods

Percentage-of-Completion: 2012, $700,000; 2013, $850,000; 2014, $900,000. Assuming an income tax rate of 40% for all years, the affect of this accounting change on prior periods should be reported by a credit of:

Q : Montgomery income statement

The error was discovered on December 29, 2013. Ignore income tax considerations. Montgomery's income statement for the year ended December 31, 2013, should show the cumulative effect of this error in the amount of:

Q : What is the net cash provided by investing activities

Proceeds from sale of land, $125,000; Proceeds from long-term borrowings, $250,000; Purchases of plant assets, $60,000; Purchases of inventories, $375,000; Proceeds from sale of Trolley common stock, $200,000. What is the net cash provided (used)

Q : Net cash used by financing activities

Cash dividends paid on common stock, $200,000; Cash dividends paid on preferred stock paid, $80,000; Purchases of treasury stock, $200,000. What is the net cash provided (used) by financing activities for the year ended December 31, 2013?

Q : Increase in inventory balance

An increase in inventory balance would be reported in a statement of cash flows, using the indirect method, as a(n)

Q : Evaluating a company cash flows

Which of the following formulas would a bank or an investormost likely use when evaluating a company's cash flows?

Q : Companies following the full disclosure principle

Companies following the full disclosure principle: a) Should report all information related to the entity's business and operating objectives. b) Should report financial facts of sufficient importance to influence the judgment and decisions of an inf

Q : Bond premium and bond issue costs amortization

Interest is payable semiannually on December 1 and June 1 with the bonds maturing 10 years from the past December 1, 2013. Straight-line amortization is used for any bond premium and bond issue costs amortization. Bond issue costs are only amortiz

Q : Assessment of hedge effectiveness

During the last half of May and the beginning of June the cotton was used to produce cloth. One third of the cloth was sold in June. The change in the option's time value is excluded from the assessment of hedge effectiveness.

1924475

Questions
Asked

3,689

Active Tutors

1413144

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Increase in inventory balance

Reference No:- TGS045894

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Accounting change on the prior periods

Q : Montgomery income statement

Q : What is the net cash provided by investing activities

Q : Net cash used by financing activities

Q : Increase in inventory balance

Q : Evaluating a company cash flows

Q : Companies following the full disclosure principle

Q : Bond premium and bond issue costs amortization

Q : Assessment of hedge effectiveness

Problem regarding culturally relativistic

What cases does female status tend to be highest

Discuss statements about sociological approaches

Symbolic interactionism took off as a theoretical approach

What is meant by indigenismo

How sociological models help understand mental illness

Discussion about cultural appropriation

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Increase in inventory balance

Reference No:- TGS045894

Recent Questions Asked Accounting Basics

Q : Accounting change on the prior periods

Q : Montgomery income statement

Q : What is the net cash provided by investing activities

Q : Net cash used by financing activities

Q : Increase in inventory balance

Q : Evaluating a company cash flows

Q : Companies following the full disclosure principle

Q : Bond premium and bond issue costs amortization

Q : Assessment of hedge effectiveness

Asked Questions