Homework Answers
| Mentle Corproation | ||||||
| Statement of Cash Flow | ||||||
| a) | For the year ended December 31st,2016 | |||||
| Cash Flows from Operating Activities | ||||||
| Cash paid for operating activities | -205000 | |||||
| Cash collected from customers | 350000 | |||||
| Net Cash provided by operating activities(A)= | $ 1,45,000.00 | |||||
| Cash flows from Investing Activities | ||||||
| Purchase of Equipment | -29000 | |||||
| Net Cash provided by Investing Activities(B) | $ (29,000.00) | |||||
| Cash Flow from financing activities | ||||||
| Dividend Paid | -38000 | |||||
| Principle payment on existing notes payable | -41000 | |||||
| Net Cash provided by Financing Activities(C ) | $ (79,000.00) | |||||
| Net Increase in cash(D)=(A)+(B)+(C ) | $ 37,000.00 | |||||
| b) | Mentle Corporation has enough cash from operating activities to provide | |||||
| cash for Investing and financing activities. | ||||||
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LO5 P1-7A. Stateme nt of Cash Flows Shown below...
No handwritings, answers must be typed please LO5 P1-7A. Stateme nt of Cash Flows Shown below...
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part that is not correct? Thank you.
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Hello,
Can you please check my work and give an explanation for any
part that is not correct? Thank you.
The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2021, appears below: Service revenue Operating expenses Income before income taxes Income tax expense Net income $ 1,120,000 810,000 310,000 77,500 $ 232,500 The following balance sheet information also is available: Cash Accounts receivable Accrued liabilities (for operating expenses) Income taxes...
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Required: Prepare a complete statement of cash flows using the
Indirect method for the current year. (Amounts to be deducted
should be indicated with a minus sign.)
Its incomplete
Return to question Required information (The following information applies to the questions displayed below.] Golden Corp's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of...
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