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Montano1993 [528]
1 year ago
13

In the period 2011, Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,0

00 of the amount billed. Lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount. Lott acquired $30,000 cash from the issue of common stock. The company invested $18,000 cash in the purchase of land. What is the amount of cash flow from revenue that will appear on the statement of cash flows?
Business
1 answer:
boyakko [2]1 year ago
3 0

Answer:

The amount of cash flow from revenue that will appear on the statement of cash flows is $120,000.

Explanation:

the amount pf cash flow from revenue that will appear on the statement of cash flows is $120,000 because irrespective of whether it is collected or not he must consider the full value of accounts receivable and the collection amount out of the account receivable will be adjusted in the cash flow from operating activities.

Therefore, The amount of cash flow from revenue that will appear on the statement of cash flows is $120,000.

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Can a radiologist dictate a report and send it to an outside transcription agency for transcribing?
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1 year ago
Stuart McFarland is sales manager for a hotel. His job entails leading, motivating, and communicating with employees. McFarland’
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E. Leadership

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2 years ago
With the _____ approach, an organization chooses an outsourcing company in a neighboring country, such as when a U.S. organizati
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Answer:

a. nearshore outsourcing

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2 years ago
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan
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Answer:

$10,400 Favorable

Explanation:

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