Nevada Boot Co. reported net income of $217,400 for its year ended December 31, 2018. Purchases...
Nevada Boot Co. reported net income of $217,400 for its year ended December 31, 2018. Purchases totaled $153,800. Accounts payable balances at the beginning and end of the year were $36,900 and $31,500, respectively. Beginning and ending inventory balances were $42,200 and $48,000, respectively. Assuming that all relevant information has been presented, Nevada Boot would report operating cash flows of:
Multiple Choice
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$206,200.
-
$159,600.
-
$159,200.
-
$228,600.
Homework Answers
| Cash Flows From Operations | |
| Net income | 217,400 |
| Decrease in accounts payable | -5,400 |
| Increase in inventory | -5,800 |
| Operating Cash Flows | $206,200 |
First option is correct option.
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Nevada Boot Co. reported net income of $217,400 for its year
ended December 31, 2018. Purchases...
Nevada Boot Co. reported net income of $217,200 for its year ended December 31, 2021. Purchases...
Nevada Boot Co. reported net income of $217,200 for its year ended December 31, 2021. Purchases totaled $153,900. Accounts payable balances at the beginning and end of the year were $36,700 and $31,100, respectively. Beginning and ending inventory balances were $42,400 and $46,100, respectively. Assuming that all relevant information has been presented, Nevada Boot would report operating cash flows of: Multiple Choice $159,500. $226,500 $207,900. $157,600.
Bird Brain Co. reported net income of $45,300 for the year ended December 31, 2021. January...
Bird Brain Co. reported net income of $45,300 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $23,600 and $24.400 respectively. Year-end balances in these accounts were $22,000 and $28,700, respectively. Assuming that all relevant Information has been presented, Bird Brain's cash flows from operating activities would be: Multiple Choice $48,000 $45,300 $39.400 $51,200
Bird Brain Co. reported net income of $45,300 for the year ended December 31, 2021. January...
Bird Brain Co. reported net income of $45,300 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $23,600 and $25,600 respectively. Year-end balances in these accounts were $21,000 and $29,600, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be: Multiple Choice $45,300. $51,900. O $46,700. O $38,700.
Lucia Ltd. reported net income of $135,500 for the year ended December 31, 2021. January 1...
Lucia Ltd. reported net income of $135,500 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $27,200 and $26,100, respectively. Year-end balances in these accounts were $30,200 and $22,100, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice $142,500. $128,500. $78,100. $138,500.
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Help Save & EX Submit Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000, respectively. Year-end balances in these accounts were $30,000 and $24.000, respectively. Assuming that all relevant Information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice O $134,000 O $132,000 O $136.000 $138.00 $138,000
Tropical Tours reported revenue of $419,000 for its year ended December 31, 2018. Accounts receivable at...
Tropical Tours reported revenue of $419,000 for its year ended December 31, 2018. Accounts receivable at December 31, 2017 and 2018, were $36,900 and $30,400, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of: Multiple Choice $425,500. $412,500. $419,000. $455,900.
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4 Mary's Mine Store reported income of 18.000 Beginning balances in Accounts and Accounts $13.000, respectively Assuming that all relevant information has been presented. Mary's net cash flows from o were 528.500 and $12.500, rectively Ending balance in the g at would be Multiple Choice
Nevada Boot Co. reported net income of $217,200 for its year ended December 31, 2021. Purchases totaled $153,900. Accounts payable balances at the beginning and end of the year were $36,700 and $31,100, respectively. Beginning and ending inventory balances were $42,400 and $46,100, respectively. Assuming that all relevant information has been presented, Nevada Boot would report operating cash flows of: Multiple Choice $159,500. $226,500 $207,900. $157,600.
Bird Brain Co. reported net income of $45,300 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $23,600 and $24.400 respectively. Year-end balances in these accounts were $22,000 and $28,700, respectively. Assuming that all relevant Information has been presented, Bird Brain's cash flows from operating activities would be: Multiple Choice $48,000 $45,300 $39.400 $51,200
Bird Brain Co. reported net income of $45,300 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $23,600 and $25,600 respectively. Year-end balances in these accounts were $21,000 and $29,600, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be: Multiple Choice $45,300. $51,900. O $46,700. O $38,700.
Lucia Ltd. reported net income of $135,500 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $27,200 and $26,100, respectively. Year-end balances in these accounts were $30,200 and $22,100, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice $142,500. $128,500. $78,100. $138,500.
5. Woof Dog Food Co. reported net income of $44,500 for the year ended December 31, 2003. January 1 balances in accounts receivable and accounts payable were $23,000 and $26,000 respectively. Year-end balances in these accounts were $22,000 and $28,000 respectively. Depreciation expense for the period was $500. Assuming that all relevant information has been presented, Woof's cash flows from operating activities would be: A) $48,000 B) $44,000 C) $46,000 D) $45,000 6. Reba wishes to know how much would...
Help Save & EX Submit Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000, respectively. Year-end balances in these accounts were $30,000 and $24.000, respectively. Assuming that all relevant Information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice O $134,000 O $132,000 O $136.000 $138.00 $138,000
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