Homework Answers
Solution
| Cash Flow Statement (partial) | ||
| A. Cash Flows from Operating Activity | ||
| Net Income | $ 400,000.00 | |
| Adjustments to reconcile net income to net cash from operations | ||
| Depreciation expense | $ 49,400.00 | |
| Gain on sale of plant asset | $ (7,600.00) | |
| Amortization expense | $ 8,900.00 | |
| Decrease in Accounts receivables | $ 100,500.00 | |
| Decrease in Inventory | $ 43,500.00 | |
| Increase in prepaid expense | $ (7,000.00) | |
| Decresae in accounts payable | $ (9,700.00) | |
| Increase in salaries payable | $ 2,400.00 | |
| Net cash flow from Operating activities | $ 580,400.00 | |
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seperate questions
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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...
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