Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,200 $25,200 Inventory 84,000 74,300 Accounts...
| Dec. 31, Year 2 | Dec. 31, Year 1 | |||
| Accounts receivable | $20,200 | $25,200 | ||
| Inventory | 84,000 | 74,300 | ||
| Accounts payable | 18,600 | 16,200 | ||
| Dividends payable | 24,000 | 26,000 | ||
Adjust net income of $117,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Homework Answers
| Calculation of cash flow from operating activities | |
| Net Income | 117,400 |
| Adjustments: | |
| Add: Decrease in Accounts receivables (cash released) | 5,000 |
| Less: Increase in Inventory | 9,700 |
| Add: Increase in Accounts payable | 2,400 |
| Less: Decrease in Dividends payable | 2,000 |
| Net cash flow from operating activities | 113,100 |
Add Answer to:
Dec. 31, Year 2
Dec. 31, Year 1
Accounts receivable
$20,200
$25,200
Inventory
84,000
74,300
Accounts...
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year...
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,500 $16,600 85,900 76,700 Inventory Accounts payable Dividends payable 32,800 27,600 27,000 25,000 Adjust net income of $122,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,700 $16,800 Inventory 56,900 66,200 Accounts payable 20,100 23,300 Dividends payable 28,000 26,000 Adjust net income of $116,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for...
Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year...
Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $33,340 $27,830 Inventory 18,140 15,290 Accounts payable 15,680 13,780 Dividends payable 52,490 49,220 Adjust net income of $198,140 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to...
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,600 $17,300 Inventory 52,400 53,100 Accounts payable 10,700 9,000 Dividends payable 16,000 15,000 Adjust net income of $70,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Feedback
Net cash flow from operating activities.
Changes in Current Operating Assets and Liabilities—Indirect MethodMohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:Dec. 31, Year 2Dec. 31, Year 1Accounts receivable$14,500$12,300Inventory48,80057,400Accounts payable11,60010,200Dividends payable23,00024,000Adjust net income of $107,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31,...
Blue Circle Corporation's comparative balance sheet for current
assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31,
Year 1 Accounts receivable $26,800 $22,300 Inventory 45,300 51,500
Accounts payable 27,000 23,100 Dividends payable 24,000 26,000
Adjust net income of $117,500 for changes in operating assets and
liabilities to arrive at net cash flow from operating
activities.
X CengageNOW2|Online teach X 1Onelogin Inventory AutoFair Subaru cf X C Adjustments To Net Income-X Mchammed Corporation's Cor X X v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&take AssignmentSession...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,100 $17,500 Inventory 52,400 60,900 Accounts payable 25,500 22,200 Dividends payable 23,000 21,000 Adjust net income of $96,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,700 $23,400 Inventory 66,600 58,400 Accounts payable 19,100 16,300 Dividends payable 19,000 20,000 Adjust net income of $92,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Victor Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $15,000 $12,600 Inventory 58,400 68,700 Accounts payable 12,900 16,100 Dividends payable 21,000 20,000 Adjust net income of $88,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,100 Inventory $24,500 65,900 23,300 23,000 73,100 18,400 25,000 Accounts payable Dividends payable Adjust net income of $ 106,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 100,400 x
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,500 $16,600 85,900 76,700 Inventory Accounts payable Dividends payable 32,800 27,600 27,000 25,000 Adjust net income of $122,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,700 $16,800 Inventory 56,900 66,200 Accounts payable 20,100 23,300 Dividends payable 28,000 26,000 Adjust net income of $116,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for...
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,600 $17,300 Inventory 52,400 53,100 Accounts payable 10,700 9,000 Dividends payable 16,000 15,000 Adjust net income of $70,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Feedback
Blue Circle Corporation's comparative balance sheet for current
assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31,
Year 1 Accounts receivable $26,800 $22,300 Inventory 45,300 51,500
Accounts payable 27,000 23,100 Dividends payable 24,000 26,000
Adjust net income of $117,500 for changes in operating assets and
liabilities to arrive at net cash flow from operating
activities.
X CengageNOW2|Online teach X 1Onelogin Inventory AutoFair Subaru cf X C Adjustments To Net Income-X Mchammed Corporation's Cor X X v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&take AssignmentSession...
Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,100 Inventory $24,500 65,900 23,300 23,000 73,100 18,400 25,000 Accounts payable Dividends payable Adjust net income of $ 106,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 100,400 x
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