C214 wgu| 85 questions - Study guides, Class notes & Summaries

What is included in the income statement and not on the statement of cash flows? - ANSWERSDepreciation Expense The basic equation for a balance sheet is: - ANSWERSEquity = Assets - Liabilities What is Cash Flow From Operating Activities? - ANSWERSIt is cash flow generated for sale of products and services to customers What is the formula for Retained Earnings? - ANSWERSEnding Retained Earnings = Beginning RE + NI - Dividends Is depreciation and salvage value on an asset precise or is...

C214 WGU| 85 2023-2024 Questions | Correct Answers| Verified(SCORED A+)What is included in the income statement and not on the statement of cash flows? - ANSWERSDepreciation Expense The basic equation for a balance sheet is: - ANSWERSEquity = Assets - Liabilities What is Cash Flow From Operating Activities? - ANSWERSIt is cash flow generated for sale of products and services to customers What is the formula for Retained Earnings? - ANSWERSEnding Retained Earnings = Beginning RE + NI - D...

What is included in the income statement and not on the statement of cash flows? - ANSWERSDepreciation Expense The basic equation for a balance sheet is: - ANSWERSEquity = Assets - Liabilities What is Cash Flow From Operating Activities? - ANSWERSIt is cash flow generated for sale of products and services to customers What is the formula for Retained Earnings? - ANSWERSEnding Retained Earnings = Beginning RE + NI - Dividends Is depreciation and salvage value on an asset precise or is...

WGU C214 Practice Test, Questions with accurate answers, 100% Accurate, graded A+ 1. A firm reported the following: Net Income 100,000 Depreciation 25,000 Change in NWC 15,000 What is the CFO (cash flow from operations)? a. 100,000 b. 110,000 c. 120,000 d. (130,000) - -CFO = Net Income + Depreciation - Increase NWC =100,000 + 25,000 - 15,000 2. What is the Cash Flow from Investing? Beginning Net PP&E 50,000 Ending Net PP&E 200,000 Depreciation Expense 40,000 a. (190,000) ...