Reuse It Inc

question 66

Essay

Reuse It Inc.'s (RII)policy is to report all cash flows arising from interest and dividends in the operating section.The company's activities for the year ended December 31,2018 included the following:
• Comprehensive income totaled $468,000 including $88,000 in other comprehensive income.
• Paid a cash dividend of $30,000 that was declared in 2017.
• Interest expense for the year was $14,000; the opening and closing balances in the interest payable account were $28,000 and $19,000,respectively.
• Accounts receivable increased $63,000 and accounts payable decreased $19,000 during the year.
• RII paid $51,000 cash for equipment.
• RII sold held-to-maturity investments for $36,000.The book value of the investment was $39,000.
• Depreciation expense for the year totaled $9,000.
• Suffered an impairment loss on patents of $1 0,000.
• Declared and issued a 2-for-l stock split.There were 20,000 ordinary shares outstanding before the split with a collective market value of $3,000,000.
Required:
a.Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.
b.Identify how the activities detailed above that are not operating activities would be reported in the statement of cash flows.

Identify leadership and coaching behaviors that stimulate high-quality team performance.

Describe enabling behaviors within teams and their effects on team productivity.

Comprehend the process and significance of team building.

Grasp the characteristics associated with productive teams and the importance of these characteristics in achieving team goals.

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Definitions:

Surplus

The excess of supply over demand in a market, typically resulting in downward pressure on prices.

Nursing Wage Rate

The average hourly or annual pay that nurses receive, which can vary based on factors like geographic location, experience, and specialty.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Quantity Supplied

The quantity of a product or service that suppliers are ready and can offer for sale at a particular price during a defined timeframe.