Homework Answers
| Cash flow from operating activities | |||||||
| Net income for the year | 32,300 | ||||||
| Adjustments for non cash Effects: | |||||||
| Depreciation expense | 9,300 | ||||||
| Changes in operating assets & liabilities | |||||||
| increase in accounts receivable | -5,500 | ||||||
| decrease in inventory | 7,010 | ||||||
| decrease in prepaid insurance | 1,950 | ||||||
| decrease in salaries payable | -4,200 | ||||||
| increase in interest payable | 1,350 | ||||||
| Net cash flows from operating activities | 42,210 | ||||||
| (figures are bit blurry ,please make changes if required | |||||||
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s A Partial trial Balance For T Help Sa ner 4-homework The accounting records of Hampton...
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 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 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 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...
00 The accounting records of Hampton Company provided the data below is in thousands points $35,300...
00 The accounting records of Hampton Company provided the data below is in thousands points $35,300 9.600 5,800 7.300 2,100 - Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid Insurance Decrease in salaries payable Increase in interest payable eBook 00 Hint 4,500 1 1.500 Print Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in...
Exercise 4-15 (Algo) Indirect method; reconciliation of net income to net cash flows from operating activities...
Exercise 4-15 (Algo) Indirect method; reconciliation of net income to net cash flows from operating activities [LO4-8] The accounting records of Hampton Company provided the data below ($ in thousands). #30,300 Net inceme 9.100 S,200 6,800 1,850 Depreciation expenne Increare in acceants rece ivable Decreare in inventOEy Decreare in prepaid insur ance Decreame in sal aries payable Increare in intereee payable 4,000 1,250 Required: Prepare a reconcillation of net income to net cash flows from operating activities. (Amounts to be...
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...
EF16-20 (similar to) Assigned Media Question Help O The accounting records of XYZ Sales, Inc. include...
EF16-20 (similar to) Assigned Media Question Help O The accounting records of XYZ Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute XYZ's net cash provided by used for) operating activities during July 2024. Use the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table leave the box empty,...
The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:...
The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Debits Credits 3, 200,000 97,000 Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss on inventory write-down (obsolescence) Selling expense General and administrative expense Interest expense 31,000 1,360,000 370,000 470,000 235,000 96,000 There were 300,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25%. Required:...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable s 61 56 60 51 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 45 30 35 275 310 (51)(90) 492 450 50 32 70 Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 59 73 16 35 95 70 Less: Discount on bonds Shareholders Equity Common...
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 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 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...
00 The accounting records of Hampton Company provided the data below is in thousands points $35,300 9.600 5,800 7.300 2,100 - Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid Insurance Decrease in salaries payable Increase in interest payable eBook 00 Hint 4,500 1 1.500 Print Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in...
Exercise 4-15 (Algo) Indirect method; reconciliation of net income to net cash flows from operating activities [LO4-8] The accounting records of Hampton Company provided the data below ($ in thousands). #30,300 Net inceme 9.100 S,200 6,800 1,850 Depreciation expenne Increare in acceants rece ivable Decreare in inventOEy Decreare in prepaid insur ance Decreame in sal aries payable Increare in intereee payable 4,000 1,250 Required: Prepare a reconcillation of net income to net cash flows from operating activities. (Amounts to be...
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...
EF16-20 (similar to) Assigned Media Question Help O The accounting records of XYZ Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute XYZ's net cash provided by used for) operating activities during July 2024. Use the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table leave the box empty,...
The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Debits Credits 3, 200,000 97,000 Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss on inventory write-down (obsolescence) Selling expense General and administrative expense Interest expense 31,000 1,360,000 370,000 470,000 235,000 96,000 There were 300,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25%. Required:...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable s 61 56 60 51 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 45 30 35 275 310 (51)(90) 492 450 50 32 70 Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 59 73 16 35 95 70 Less: Discount on bonds Shareholders Equity Common...
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