During 2014, Search Company which uses the allowance method of accounting for doubtful accounts, recorded a provision for doubtful accounts expense of P30,000 and in addition, it wrote off as uncollectible accounts receivable of P12,000. As a result of these transactions, net cash flow from operating activities would be calculated (indirect method) by adjusting net income with a (an)   a. P30,000 increase b. P18,000 decrease c. P12,000 increase d. P18,000 increase

At the beginning of 2018 Evan Company had a $1,958 balance in its accounts receivable account and a $448 balance in allowance for doubtful accounts. During 2018, Evan experienced the following events. (1) Earned $4,577 of revenue on account. (2) Collected $1,505 cash from accounts receivable. (3) Wrote-off $339 of accounts receivable as uncollectible.  Evan estimates uncollectible accounts to be 3% of sales. Based on this information, the December 31, 2018 adjusted balance in the allowance for doubtful accounts is

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Concord Corporation had the following transactions that took place during the year: I. Recorded credit sales of $3050 I. Collected $1830 from customers III. Recorded sales returns of $610 and credited the customer's account. What is the total effect of these transactions on free cash flow? Cannot be determined O Increase Decrease O No Effect

Blackmon Corporation’s December 31, 2018, balance sheet disclosed the following information relating to its receivables:   BLACKMON COMPANY Partial Balance Sheet December 31, 2018 1 Accounts Receivable $245,000.00   2 Less: Allowance for doubtful accounts (15,000.00)   3     $230,000.00 4 Notes Receivable*   50,000.00 5 Total receivables   $280,000.00       *The company has a recourse liability of $700 related to a note receivable sold to a bank. During 2019, credit sales (terms, n/EOM) totaled $2,200,000, and collections on accounts receivable (unassigned) amounted to $1,900,000. Uncollectible accounts totaling $18,000 from several customers were written off, and a $1,350 accounts receivable previously written off was collected. Additionally, the following transactions relating to Blackmon’s receivables occurred during the year:   March 6 Received payment of $12,460 on a note from Renko Company. The…

During 2025, Carla Vista Inc. had sales on account of $785000, cash sales of $302000, and collections on account of $504000. In addition, the company collected $8200 which had been written off as uncollectible in 2024. As a result of these transactions the change in the accounts receivable indicates a O $574800 increase. O $272800 increase. O $583000 increase. O $281000 increase.

The accounting records of MVD Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute MVD's net cash provided by (used for) operating activities during July 2016. Use the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and to show net cash used for operating activities. If a box is not used in the table leave the box empty; do not select a label or enter a zero.) MVD Sales, Inc. Statement of Cash Flows (Partial) For the Month Ended July 2016 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Account Cash Accounts Receivable Merchandise Inventory Accounts Payable Beginning Balance $ 5,500 19,000 17,000 13,000 Accumulated Depreciation- Equipment 50,000 Jul. 1 3,000 Depr. Exp. 53,000 Jul. 31 Dividends Ending Balance $ 3,500 15,500 21,000 17,500 Retained Earnings 20,000 65,000 Jul. 1…

Swifty Company completed its first year of operations on December 31, 2022. Its initial income statement showed that Swifty had sales revenue of $200,000 and operating expenses of $74,400. Accounts receivable and accounts payable at year-end were $54,900 and $28,600, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Compute net cash provided by operating activities using the direct method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities $