You Are Preparing a Statement of Cash Flows

question 48

Essay

You are preparing a Statement of Cash Flows. Complete the following schedule to compute cash flow from operating activities:
Statement of Cash Flows $\begin{array}{|l|l|}\hline \text { Net Income (accrual basis), } \$ 50,000 & \$ \\\hline \text { Adjustments to reconcile net income to cash from operating activities: } & \\\hline \text { (a) Depreciation expense, } \$ 8,000 & \\\hline \text { (b) Inventory increase, } \$ 5,000 & \\\hline \text { (c) Wages payable decrease, } \$ 6,000 & \\\hline \text { (d) Accounts receivable decrease, } \$ 10,000 & \\\hline \text { (e) Accounts payable increase, } \$ 7,000 & \\\hline \text { (f) Cash dividends declared and paid, } \$ 4,000 & \\\hline \text { (g) Increase in income tax payable, } \$ 3,000 & \\\hline \text { (h) Gain on sale of capital assets, } \$ 1,000 \text {; book value, } \$ 7,500 & \\\hline \text { (i) Payment on long-term note, } \$ 20,000 & \\\hline \text { Cash flow from operating activities } & \$ \\\hline\end{array}$

Analyze the implications of fairness and envy in allocation decisions.

Explain Arrow’s impossibility theorem and its implications for social decision-making.

Understand the influence of external preferences on utility and allocation decisions.

Examine the role of a social welfare function in assessing the well-being of a community.

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Definitions:

X Chromosome

One of the two types of sex chromosomes, found in both males and females, that carries a significant portion of the human genome’s genes.

Y Chromosome

A sex chromosome that is typically associated with male characteristics and is present in males of many species, including humans.

Math Ability

The capacity to understand, analyze, manipulate, and solve mathematical problems and concepts.

Math Assessments

Tools or methods used to evaluate a student's understanding, knowledge, skills, and proficiency in mathematics.