Which item is added to net income when computing cash flows from operating activities?
a. Gain on the disposal of property, plant, and equipment
b. Increase in wages payable
c. Increase in inventory
d. Increase in prepaid rent
Use the following information for Multiple-Choice Questions 11-9 and 11-10:
Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment, $14,800; cash paid to purchase an investment, $20,000; cash paid to retire a note payable, $50,000; and cash collected from sales to customers, $225,000.
Corporate Financial Accounting
Accounting Information Systems
Financial & Managerial Accounting
Probability and Statistics for Engineering and the Sciences
Foundations of Business (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Brief Principles of Macroeconomics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Financial And Managerial Accounting
Database Systems: Design, Implementation, & Management
Principles of Information Systems (MindTap Course List)
Database Systems: Design, Implementation, & Management
Fundamentals of Information Systems
Fundamentals of Information Systems
Principles of Information Security (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Fundamentals of Geotechnical Engineering (MindTap Course List)
Mechanics of Materials (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
Management Of Information Security
EBK ELECTRICAL WIRING RESIDENTIAL
Principles of Geotechnical Engineering (MindTap Course List)
Solid Waste Engineering
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
Electric Motor Control
International Edition---engineering Mechanics: Statics, 4th Edition
Steel Design (Activate Learning with these NEW titles from Engineering!)
Automotive Technology
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Structural Analysis
Network+ Guide to Networks (MindTap Course List)
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
Intermediate Accounting: Reporting And Analysis
Survey of Accounting (Accounting I)
Managerial Accounting: The Cornerstone of Business Decision-Making
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27
Financial Accounting
Financial Accounting
Cornerstones of Cost Management (Cornerstones Series)
Corporate Financial Accounting
Financial & Managerial Accounting
Accounting Information Systems
PAYROLL ACCT.,2019 ED.(LL)-TEXT
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Managerial Accounting
Micro Economics For Today
Contemporary Marketing
Understanding Management (MindTap Course List)
Exploring Economics
MKTG 12:STUDENT ED.-TEXT
Principles of Microeconomics
Economics: Private and Public Choice (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
Economics For Today
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Practical Management Science
Microeconomics: Private and Public Choice (MindTap Course List)
Economics (MindTap Course List)
Macroeconomics
Purchasing and Supply Chain Management
Management, Loose-Leaf Version
Essentials of Economics (MindTap Course List)
Microeconomics
Pkg Acc Infor Systems MS VISIO CD