Homework Answers
| Cash flows from operating activities: | ||
| Net income | $35300 | |
| Adjustments for noncash effects: | ||
| Depreciation expense | 9600 | |
| Changes in operating assets and liabilities | ||
| Increase in accounts receivable | -5800 | |
| Decrease in inventory | 7300 | |
| Decrease in prepaid insurance | 2100 | |
| Decrease in salaries payable | -4500 | |
| Increase in interest payable | 1500 | |
| Net cash flows from operating activities | $45500 |
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00 The accounting records of Hampton Company provided the data below is in thousands points $35,300...
The accounting records of Hampton Company provided the data below ($ in thousands). Net income Depreciation...
The accounting records of Hampton Company provided the data below ($ in thousands). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable $33,300 9,400 5,600 7,100 2,000 4,300 1,400 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Hampton Company provided the data below ($ in 000s). Net income Depreciation...
The accounting records of Hampton Company provided the data below ($ in 000s). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable $22,300 8,300 4,500 6,000 1,450 3,200 850 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Hampton Company provided the data below ($ In 000s). Net income Depreciation...
The accounting records of Hampton Company provided the data below ($ In 000s). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable $21,300 8,200 4,400 5,900 1,400 3,100 800 Required: Prepare a reconciliation of net Income to net cash flows from operating activities. (Amounts to be deducted should be Indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Hampton Company provided the data below ($ in thousands). Net income $...
The accounting records of Hampton Company provided the data below ($ in thousands). Net income $ 23,300 Depreciation expense 8,400 Increase in accounts receivable 4,600 Decrease in inventory 6,100 Decrease in prepaid insurance 1,500 Decrease in salaries payable 3,300 Increase in interest payable 900 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.)
The accounting records of Harrison Company provided the data below. 34 15 points Net loss Depreciation...
The accounting records of Harrison Company provided the data below. 34 15 points Net loss Depreciation expense Increase in salaries payable Decrease in accounts receivable Increase in inventory Amortization of patent Decrease in discount on bonds $10,100 12,100 1,100 4,100 4,900 710 510 8 02:29:39 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes...
The accounting records of Harrison Company provided the data below. Net loss $ 10,300 Depreciation expense...
The accounting records of Harrison Company provided the data below. Net loss $ 10,300 Depreciation expense 12,300 Increase in salaries payable 1,300 Decrease in accounts receivable 4,300 Increase in inventory 5,100 Amortization of patent 730 Decrease in discount on bonds 530 Required: Prepare a reconciliation of net income to net cash flows from operating activities Cash Flows from Operating Activities: NET INCOME or LOSS??? Adjustments for noncash effects: ?????????????? ???????????????? ??????????? Changes in operating assets and liabilities: ???????????????? ???????????????? ??????????????????????...
The accounting records of Harrison Company provided the data below. Net loss $ 11,800 Depreciation expense...
The accounting records of Harrison Company provided the data below. Net loss $ 11,800 Depreciation expense 13,800 Increase in salaries payable 2,800 Decrease in accounts receivable 5,800 Increase in inventory 6,600 Amortization of patent 880 Decrease in discount on bonds 680 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)
seperate questions Hampton company reports the following information for its recent calendar year. Income Statement Data...
seperate questions
Hampton company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Sales $71,000 Accounts receivable increase $10, eee Expenses Inventory decrease 3, see Cost of goods sold 41,00 Salaries payable increase 60e Salaries expense 13, see Depreciation expense 8, eee Net income $ 9, eee rd K Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted...
4)The accounting records of rockiness company provided the data below（$ in 000s） Net income $25,200 Depreciation...
4)The accounting records of rockiness company provided the data below（$ in 000s） Net income $25,200 Depreciation expense 3,300 Decrease in accounts receivable 2,000 Increase in inventory 4,500 Increase in prepaid insurance 300 Increase in salaries payable 900 Decrease in interest payable 400 Required: Statement of Cash Flow reconciliation of net income to net cash flows from operating activities
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,335 Gain on disposal of property 1,170 Depreciation expense 11,615 Other items involving noncash expenses 1,400 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,025 Increase in prepaid expenses 560 Decrease in accounts payable 695 Decrease in accrued and other current liabilities 955...
The accounting records of Hampton Company provided the data below ($ in thousands). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable $33,300 9,400 5,600 7,100 2,000 4,300 1,400 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Hampton Company provided the data below ($ in 000s). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable $22,300 8,300 4,500 6,000 1,450 3,200 850 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Hampton Company provided the data below ($ In 000s). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable $21,300 8,200 4,400 5,900 1,400 3,100 800 Required: Prepare a reconciliation of net Income to net cash flows from operating activities. (Amounts to be deducted should be Indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Harrison Company provided the data below. 34 15 points Net loss Depreciation expense Increase in salaries payable Decrease in accounts receivable Increase in inventory Amortization of patent Decrease in discount on bonds $10,100 12,100 1,100 4,100 4,900 710 510 8 02:29:39 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes...
seperate questions
Hampton company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Sales $71,000 Accounts receivable increase $10, eee Expenses Inventory decrease 3, see Cost of goods sold 41,00 Salaries payable increase 60e Salaries expense 13, see Depreciation expense 8, eee Net income $ 9, eee rd K Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,335 Gain on disposal of property 1,170 Depreciation expense 11,615 Other items involving noncash expenses 1,400 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,025 Increase in prepaid expenses 560 Decrease in accounts payable 695 Decrease in accrued and other current liabilities 955...
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