ACC 556 Week 1 Crooked Scenario 1
6 - Recorded cash sales of $ 400,000 . 7 - Bought inventory for cash of $ 160,000 . 8 - Acquired an investment in Zynga stock for cash of $ 21,000 . 9 - Converted bonds payable to common stock in the amount of $ 500,000 . 10 - Repaid a 6 year note payable in the amount of $ 220,000 .
What is the net cash provided by operating activities ? Question 22
A critical factor in budgeting for a service firm is to Question 23
If the board of directors authorizes a $ 100,000 restriction of retained earnings for a future plant expansion , the effect of this action is to Question 24
Which one of the following items is not necessary in preparing a statement of cash flows ? Question 25
Quincy Corp . earned controllable margin of $ 500,000 on sales of $ 6,400,000 . The division had average operating assets of $ 5,200,000 . The company requires a return on investment of at least 8 %. How much is residual income ? --------------------------------------------------------------------
ACC 556 Week 1 Crooked Scenario 1
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ACC 556 Week 1 Crooked Scenario 1