This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A(n) ____________________ is merchandise returned by a customer for a refund. Fill in the blank(s) ... (Read 131 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jul 5, 2018
A(n) ___________________ _ is merchandise returned by a customer for a refund.
 Fill in the blank(s) with correct word

Question 2

Team Shirts, Inc. reported 5,000 of depreciation expense for the year. How is this amount reported on the statement of cash flows prepared using the indirect method and the direct method?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 5, 2018
Answer to Question 1

sales return

Answer to Question 2

The 5,000 would be added to net income in the operating activities section of the statement of cash flows using the indirect method. Depreciation expense does not appear in the operating activities section when the direct method is used.


lilldybug07

  • Member
  • Posts: 546
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Blank periodic table Blank periodic table
blank brain diagram blank brain diagram
Kobe, Japan Liquefaction of soft fill after a 6.9 Kobe, Japan Liquefaction of soft fill after a 6.9
Heart Label Blank Heart Label Blank
Bank teller assisting with customer service. Bank teller assisting with customer service.
Fill finish processes - Inoculum Preparation & Expansion Fill finish processes - Inoculum Preparation & Expansion
Video: Language Areas Animation

For a complete list of videos, visit our video library