Homework Answers
Question 1
Correct answer---------True
.Any sale or purchase of fixed assets is considered to be a part of investing cash flow. Sale of asset is a cash inflow whereas purchase of fixed asset is cash outflow.
Question 2
Correct answer---------(A) $18,000
Working
| Net cash from Operating Activities (A) | $ 45,000.00 |
| Net cash use in Investing Activities (B) | $(29,000.00) |
| Net cash from Financing Activities (C) | $ 2,000.00 |
| Net change in cash (A+B+C) | $ 18,000.00 |
Question 3
Correct answer---------(C) $30,600
Working
| Cash payments for Operating expenses | |
| Operating expenses excluding depreciation | $ 32,000.00 |
| Less: Increase in accrued expense | -$ 1,400.00 |
| Cash payments for Operating expenses | $ 30,600.00 |
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i get help please
Selling property, plant, and equipment for $10,000 cash is considered a...
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer...
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: Net cash provided by operating activities: $102,000 Net cash used for investing activities: S(113,500) Net cash provided by financing activities: $17,000 If the cash balance at the beginning of the year was $13,400, what is the ending cash balance? O A. $11,500 OB. $13,400 OC. $18,900 OD. $5,500
Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which...
Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is incorrect? O A. The spreadsheet cannot be used for the direct method. OB. When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows. OC. Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet OD. The spreadsheet starts with the beginning balance sheet and concludes with the...
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer...
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: Net cash provided by operating activities: $110,000 Net cash used for investing activities: $(115,500) Net cash provided by financing activities: $18,000 If the cash balance at the beginning of the year was $13,300, what is the ending cash balance? A $5.500 OB. $12,500 OC. $13,300 OD. $25,800 Click to select your answer MacBook Air
For the second question im confused on A or D can i get help please The...
For the second question im confused on A or D can i get help
please
The investing activities section of the statement of cash flows reports cash receipts and payments that increase or decrease long-term labiles O True O False Colorado Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Colorado Company Comparative Balance Sheet December 31, 2019 and 2018 Accounts Payable Acorued Liabilities Long-term Notes Payable...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000,...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000, cash flow from financing activities of ($124,000), and cash flow from investing activities of S105,000. Athena, Inc. invested S65,000 cash in long term assets. Athena, Inc.'s free cash flow is: O A. $40,000 OB. $17,000 OC. $59,000. OD. $36,000.
free cash flow Iuestion: 25 pts 2012 Exercise Equipment, Inc. reported the following statement of cash...
free cash flow
Iuestion: 25 pts 2012 Exercise Equipment, Inc. reported the following statement of cash flows for 2018 Assuming Cast plans similar activity for 2018, what would be the amount of free cash fow? (Abbreviations Click the loon to view the ement of cash fows) parts for planned invest Cash payment for planned m inong NCFA Ne p ro et plans to purchase autor $22.000 and forth for $12,000 next year. In addition, it plans to pay cash didende...
Please assist me in preparing the statement of cash flows for this problem. I need to...
Please assist me in preparing the statement of cash flows for
this problem. I need to grasps a better understanding, thank you.
Here are the accounts for the drop down
Pharoah Company Comparative Balance Sheets December 31 2019 2018 Cash $ 17,000 $17,500 Accounts receivable 25,000 22,400 Investments 19,850 16,050 Equipment 60,050 69,750 Accumulated depreciation-equipment (13,750) (10,400) Total $108,150 $115,300 Accounts payable Bonds payable Common stock Retained earnings Total $ 14,750 $ 11,250 10,400 30,000 49,500 45,200 33,500 28,850 $108,150...
The 2018 income statement and comparative balance sheet of Get Wired, Inc. follow: EEB (Click the...
The 2018 income statement and comparative balance sheet of Get Wired, Inc. follow: EEB (Click the icon to view the income statement) ell (Click the icon to view the comparative balance sheet.) Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Net Cash Provided by (Used...
Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation - Plant and Equipment Total Assets...
Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation - Plant and Equipment Total Assets 2019 $27,000 34,000 59,000 127,000 2018 $25,000 36,000 25,000 92,000 (Decrease) $2,000 (2,000) 34,000 35,000 (48,000) (44,000) $199,000 $134,000 (4,000) $65,000 Additional information provided by the company includes the following 1. Equipment was purchased for $70,000 with cash. 2. Equipment with a cost of $35,000 and accumulated depreciation of $7,100 was sold for $46,000 What was the amount of net cash provided by (used...
Outdoor Paints Company uses the direct method for preparing its statement of cash flow. Outdoor reports...
Outdoor Paints Company uses the direct method for preparing its statement of cash flow. Outdoor reports the following information regarding 2019. From the income statement: Sales Revenues, $270,000 Cost of Goods Sold, $213,000 Operating Expenses, $31,000 From the balance sheet: Beginning Balance $15,000 24,200 Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities Ending Balance $18,200 18,300 13,800 1,600 6,900 4,700 O A. $35,700 OB. $31,000 OC. $34,100 OD. $29.400 Oregon Company is preparing its satement of cash flows using the...
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: Net cash provided by operating activities: $102,000 Net cash used for investing activities: S(113,500) Net cash provided by financing activities: $17,000 If the cash balance at the beginning of the year was $13,400, what is the ending cash balance? O A. $11,500 OB. $13,400 OC. $18,900 OD. $5,500
Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is incorrect? O A. The spreadsheet cannot be used for the direct method. OB. When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows. OC. Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet OD. The spreadsheet starts with the beginning balance sheet and concludes with the...
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: Net cash provided by operating activities: $110,000 Net cash used for investing activities: $(115,500) Net cash provided by financing activities: $18,000 If the cash balance at the beginning of the year was $13,300, what is the ending cash balance? A $5.500 OB. $12,500 OC. $13,300 OD. $25,800 Click to select your answer MacBook Air
For the second question im confused on A or D can i get help
please
The investing activities section of the statement of cash flows reports cash receipts and payments that increase or decrease long-term labiles O True O False Colorado Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Colorado Company Comparative Balance Sheet December 31, 2019 and 2018 Accounts Payable Acorued Liabilities Long-term Notes Payable...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000, cash flow from financing activities of ($124,000), and cash flow from investing activities of S105,000. Athena, Inc. invested S65,000 cash in long term assets. Athena, Inc.'s free cash flow is: O A. $40,000 OB. $17,000 OC. $59,000. OD. $36,000.
free cash flow
Iuestion: 25 pts 2012 Exercise Equipment, Inc. reported the following statement of cash flows for 2018 Assuming Cast plans similar activity for 2018, what would be the amount of free cash fow? (Abbreviations Click the loon to view the ement of cash fows) parts for planned invest Cash payment for planned m inong NCFA Ne p ro et plans to purchase autor $22.000 and forth for $12,000 next year. In addition, it plans to pay cash didende...
Please assist me in preparing the statement of cash flows for
this problem. I need to grasps a better understanding, thank you.
Here are the accounts for the drop down
Pharoah Company Comparative Balance Sheets December 31 2019 2018 Cash $ 17,000 $17,500 Accounts receivable 25,000 22,400 Investments 19,850 16,050 Equipment 60,050 69,750 Accumulated depreciation-equipment (13,750) (10,400) Total $108,150 $115,300 Accounts payable Bonds payable Common stock Retained earnings Total $ 14,750 $ 11,250 10,400 30,000 49,500 45,200 33,500 28,850 $108,150...
The 2018 income statement and comparative balance sheet of Get Wired, Inc. follow: EEB (Click the icon to view the income statement) ell (Click the icon to view the comparative balance sheet.) Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Net Cash Provided by (Used...
Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation - Plant and Equipment Total Assets 2019 $27,000 34,000 59,000 127,000 2018 $25,000 36,000 25,000 92,000 (Decrease) $2,000 (2,000) 34,000 35,000 (48,000) (44,000) $199,000 $134,000 (4,000) $65,000 Additional information provided by the company includes the following 1. Equipment was purchased for $70,000 with cash. 2. Equipment with a cost of $35,000 and accumulated depreciation of $7,100 was sold for $46,000 What was the amount of net cash provided by (used...
Outdoor Paints Company uses the direct method for preparing its statement of cash flow. Outdoor reports the following information regarding 2019. From the income statement: Sales Revenues, $270,000 Cost of Goods Sold, $213,000 Operating Expenses, $31,000 From the balance sheet: Beginning Balance $15,000 24,200 Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities Ending Balance $18,200 18,300 13,800 1,600 6,900 4,700 O A. $35,700 OB. $31,000 OC. $34,100 OD. $29.400 Oregon Company is preparing its satement of cash flows using the...
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