=================================================== 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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