The Farley Company had retained earnings at the beginning of the year totaling $100,000 . At the end of the year retained earnings totaled $200,000 . Depreciation was $50,000 for the year and the company paid dividends of $150,000 . What is the amount recorded as Net Income in the operating activities section of the statement of cash flows prepared using the indirect method?
a. a net loss of $150,000
b. a net income of $150,000
c. a net income of $0
d. a net income of $250,000
e. a net loss of $50,000
D
You might also like to view...
In an attempt to improve the product, a company that manufactures screwdrivers discusses the modification of each attribute, such as replacing the wooden handle with plastic, providing torque power, adding different screw heads, and so on
This creativity technique is called ________. A) attribute listing B) mind mapping C) morphological analysis D) lateral analysis E) reverse analysis
If the objective is consensus or the best quality solution, negotiators should not strive to achieve it all at once-rather, they should strive for a ________ agreement that can be revised, upgraded, and improved.
Fill in the blank(s) with the appropriate word(s).
What percentage of employees are engaged?
What will be an ideal response?
List and give an example of each of the four types of performance standards.
What will be an ideal response?