Homework Answers
| Step 1 | Net income |
| Step 2 | Add back depreciation |
| Step 3 | Subtract increases in current assets and add decreases in current assets |
| Step 4 | Add increase in current liabilities and subtract decreases in current liabilities |
| Step 5 | Net cash flow from Operating activities |
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Identify the steps in the order necessary to compute net cash flow from operating activities using...
Net cash flow from operating activities.
Changes in Current Operating Assets and Liabilities—Indirect MethodMohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:Dec. 31, Year 2Dec. 31, Year 1Accounts receivable$14,500$12,300Inventory48,80057,400Accounts payable11,60010,200Dividends payable23,00024,000Adjust net income of $107,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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...
cash flows from operating activities - indirect method the net income reported Cash Flows from Operating...
cash flows from operating activities - indirect method the net
income reported
Cash Flows from Operating Activities - Indirect Method The net income reported on the income statement for the current year was $116,900. Depreciation recorded on store equipment for the year amounted to $19,300. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $47,810 $43,510 34,280 32,150 48,950 Accounts receivable (net)...
Cash Flows from Operating Activities-Indirect Method Operating Activities Indirect Method The net income reported on the...
Cash Flows from Operating Activities-Indirect Method Operating Activities Indirect Method The net income reported on the income statement for the current year was $146,300. Depreciation recorded on store equipment for the year amounted to $24,100. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $56,760 $52,220 Accounts receivable (net) 40,700 38,590 Merchandise inventory 55,570 58,750 6,240 4,960 Prepaid expenses Accounts payable (merchandise...
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 $161,000 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 $3,100 Decrease in inventories 7,900 Depreciation 12,100 Gain on sale of investments 5,400 Increase in accounts payable 2,200 Increase...
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...
Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the...
Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $216,000. Depreciation recorded on equipment and a building amounted to $64,600 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year $54,000 68,470 135,000 7,510 60,320 8,690 Beginning of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable a. Prepare...
Cash Flows from Operating Activities - Indirect Method The net income reported on the income statement...
Cash Flows from Operating Activities - Indirect Method The net income reported on the income statement for the current year was $213,300. Depreciation recorded on equipment and a building amounted to $63,800 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $59,510 $61,890 Accounts receivable (net) 75,460 76,370 Inventories 148,780 131,580 Prepaid expenses 8,270 8,730 Accounts payable (merchandise creditors)...
Calculate The Hershey Company's [HSY] cash flow ratios as presented below using the data from Yahoo...
Calculate The Hershey Company's [HSY] cash flow ratios as presented below using the data from Yahoo Finance (go to www.finance.yahoo.com and search HSY). Demonstrate your calculations in your post, and explain what the cash flow ratios indicate about the company. 1. Start with net income for the period, found on the income statement. 2. Adjust net income for non-cash expenses (typically depreciation and amortization). Since depreciation and amortization expenses decrease net income, but do not use cash, they are added...
Cash Flows from Operating Activities--Indirect Method The net income reported on the income statement for the...
Cash Flows from Operating Activities--Indirect Method The net income reported on the income statement for the current year was $259,300. Depreciation recorded on equipment and a building amounted to $77,500 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $68,460 $71,200 Accounts receivable (net) 86,810 87,860 Inventories 171,150 151,370 Prepaid expenses 9,520 10,040 Accounts payable (merchandise creditors) 76,470 79,460...
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...
cash flows from operating activities - indirect method the net
income reported
Cash Flows from Operating Activities - Indirect Method The net income reported on the income statement for the current year was $116,900. Depreciation recorded on store equipment for the year amounted to $19,300. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $47,810 $43,510 34,280 32,150 48,950 Accounts receivable (net)...
Cash Flows from Operating Activities-Indirect Method Operating Activities Indirect Method The net income reported on the income statement for the current year was $146,300. Depreciation recorded on store equipment for the year amounted to $24,100. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $56,760 $52,220 Accounts receivable (net) 40,700 38,590 Merchandise inventory 55,570 58,750 6,240 4,960 Prepaid expenses Accounts payable (merchandise...
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...
Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $216,000. Depreciation recorded on equipment and a building amounted to $64,600 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year $54,000 68,470 135,000 7,510 60,320 8,690 Beginning of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable a. Prepare...
Cash Flows from Operating Activities - Indirect Method The net income reported on the income statement for the current year was $213,300. Depreciation recorded on equipment and a building amounted to $63,800 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $59,510 $61,890 Accounts receivable (net) 75,460 76,370 Inventories 148,780 131,580 Prepaid expenses 8,270 8,730 Accounts payable (merchandise creditors)...
Cash Flows from Operating Activities--Indirect Method The net income reported on the income statement for the current year was $259,300. Depreciation recorded on equipment and a building amounted to $77,500 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $68,460 $71,200 Accounts receivable (net) 86,810 87,860 Inventories 171,150 151,370 Prepaid expenses 9,520 10,040 Accounts payable (merchandise creditors) 76,470 79,460...
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