Homework Answers
33.
Depreciation expense is added to the net income in calculating net cash flow from operating activities using the indirect method.
Correct option is (a)
34.
Gain on sale of fixed assets $3,750 will be subtracted in the operating activities.
Correct option is (b)
35.
Cash received from customers = Accounts receivable, beginning + Sales - Accounts receivable, ending
= 100,000 + 600,000 - 80,000
= $620,000
Correct option is (d)
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33. Which of the following should be added to net income in calculating net cash flow...
Which of the following should be added to net income calculating net cash flow from operating...
Which of the following should be added to net income calculating net cash flow from operating activities using the indirect method a) an increase in inventory b) a decrease in account payable c) preferred dividens declared and paid d) a decrease in account receivable
please help i am confused 11. Which of the following should be added to net income...
please help i am confused
11. Which of the following should be added to net income in calculating net cash flow from operating active using the indirect method? a depreciation expense b. an increase in inventory c a gain on the sale of equipment d dividends declared and paid 12. The following information is available from the current period financial statements Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $165,000 28.000 16,000 21,000 The net cash...
Which of the following should be deducted from net income in calculating net cash flow from...
Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method? a. gain on sale of land b. a loss on the sale of equipment c. dividends declared and paid Od. depreciation expense
17. Which of the following below should be added to net income in calculating net cash...
17. Which of the following below should be added to net income in calculating net cash flow from operating activities using the indirect method A. Gain on the sale of land. B. An increase in salaries payable. C. A decrease in accounts payable. D. An increase in accounts receivable. 18. Under the indirect method, expenses that do not affect cash are added to net income in the operating activities section of the statement of cash flows. A. True B. False...
17. Which of the following below should be added to set income in calculating net cash...
17. Which of the following below should be added to set income in calculating net cash flow from operating activities using the indirect method. A. Gain on the sale of land. B. An increase in salaries payable. C. A decrease in accounts payable. D. An increase in accounts receivable. 18. Under the indirect method, expenses that do not affect cash are added to net income in the operating activities section of the statement of cash flows. A. True. B. False....
✓ Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O...
✓ Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O . 2 The comparative Ixalance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2. is shown as follows: Dec 31, 2013 Dec. 31, 2012 $ 150,000 400.000 750,000 100,000 155,000 450,000 770,000 0 500,000 1.400,000 (600.000) $2,675,000 1.200,000 (500,000) $2,100,000 Cash... Accounts receivable Inet Inventories.... Investments Land Equipment..... Accumulated depreciation--equipment Total assets Liabilities and Stockholders' Equity Accounts payable.... Accrued expenses payable... Dividends payable........
sr Question 1.29 Which of the tolBowing should be added to not income in calculating net...
sr Question 1.29 Which of the tolBowing should be added to not income in calculating net cash Tow from operating actvibes using the Iindirect method? a decrosse in accounts payable 0 a decrease in ccounts receivable o prelented dividends dedared and paid Question 1.30 On the statement of cash fhowe, the Cash flows trom Inveeting activites section would include: O reoepts from the sale of investments O pamerts or retirement of bonds peyable s Question 1.31 Which of the tollowing...
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow...
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow from operating activities of
$196,600 on its statement of cash flows for the year ended December
31. The following information was reported in the Cash Flows from
Operating Activities section of the statement of cash flows, using
the indirect method:
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow from operating activities of $196,600 on its statement...
1. Which of the following would be added to net income using the indirect method? a....
1. Which of the following would be added to net income using the indirect method? a. An increase in prepaid expenses. b. Depreciation expense. c. A decrease in accounts payable. d. An increase in accounts receivable. 2. T/F Using the indirect method, an increase in accounts receivable during a period is deducted from net income in calculating cash provided by operations. 3. T/F A loss on sale of equipment is added to net income in determining cash provided by operations...
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow...
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow from operating activities of $227,600 on its statement of cash flows for the year ended December 31. The following information was reported in the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method: Decrease in income taxes payable $4,100 Decrease in inventories 10,300 Depreciation 15,900 Gain on sale of investments 7,200 Increase in accounts payable 2,900 Increase...
please help i am confused
11. Which of the following should be added to net income in calculating net cash flow from operating active using the indirect method? a depreciation expense b. an increase in inventory c a gain on the sale of equipment d dividends declared and paid 12. The following information is available from the current period financial statements Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $165,000 28.000 16,000 21,000 The net cash...
Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method? a. gain on sale of land b. a loss on the sale of equipment c. dividends declared and paid Od. depreciation expense
17. Which of the following below should be added to net income in calculating net cash flow from operating activities using the indirect method A. Gain on the sale of land. B. An increase in salaries payable. C. A decrease in accounts payable. D. An increase in accounts receivable. 18. Under the indirect method, expenses that do not affect cash are added to net income in the operating activities section of the statement of cash flows. A. True B. False...
17. Which of the following below should be added to set income in calculating net cash flow from operating activities using the indirect method. A. Gain on the sale of land. B. An increase in salaries payable. C. A decrease in accounts payable. D. An increase in accounts receivable. 18. Under the indirect method, expenses that do not affect cash are added to net income in the operating activities section of the statement of cash flows. A. True. B. False....
✓ Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O . 2 The comparative Ixalance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2. is shown as follows: Dec 31, 2013 Dec. 31, 2012 $ 150,000 400.000 750,000 100,000 155,000 450,000 770,000 0 500,000 1.400,000 (600.000) $2,675,000 1.200,000 (500,000) $2,100,000 Cash... Accounts receivable Inet Inventories.... Investments Land Equipment..... Accumulated depreciation--equipment Total assets Liabilities and Stockholders' Equity Accounts payable.... Accrued expenses payable... Dividends payable........
sr Question 1.29 Which of the tolBowing should be added to not income in calculating net cash Tow from operating actvibes using the Iindirect method? a decrosse in accounts payable 0 a decrease in ccounts receivable o prelented dividends dedared and paid Question 1.30 On the statement of cash fhowe, the Cash flows trom Inveeting activites section would include: O reoepts from the sale of investments O pamerts or retirement of bonds peyable s Question 1.31 Which of the tollowing...
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow from operating activities of
$196,600 on its statement of cash flows for the year ended December
31. The following information was reported in the Cash Flows from
Operating Activities section of the statement of cash flows, using
the indirect method:
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow from operating activities of $196,600 on its statement...
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow from operating activities of $227,600 on its statement of cash flows for the year ended December 31. The following information was reported in the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method: Decrease in income taxes payable $4,100 Decrease in inventories 10,300 Depreciation 15,900 Gain on sale of investments 7,200 Increase in accounts payable 2,900 Increase...
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