Homework Answers
| Cash Flow from Operating Activities | |
| $ | |
| Net Income | 41,000.00 |
| Adjustments for non cash effects: | |
| Depreciation expense | 76,000.00 |
| Changes in operating assets and liabilities: | |
| Increase in Prepaid Rent | (56,000.00) |
| Increase in Salary Payable | 19,000.00 |
| Increase in Income Tax Payable | 16,000.00 |
| Net Cash Flow from Operating Activities | 96,000.00 |
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Net income of Mansfield Company was $41,000. The accounting records reveal depreciation expense of $76,000 as...
The accounting records of Hampton Company provided the data below ($ 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 $33,300 9,400 5,600 7,100 2,000 4,300 1,400 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Hampton Company provided the data below ($ 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...
Sheen Awnings reported net income of $96.0 million. Included in that number were depreciation expense of...
Sheen Awnings reported net income of $96.0 million. Included in that number were depreciation expense of $2.5 million and a loss on the sale of equipment of $1.6 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1.4 million, $2.4 million, and $3.4 million, respectively. What were Sheen's cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should...
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The accounting records of Harrison Company provided the data below. 34 15 points Net loss Depreciation expense Increase in salaries payable Decrease in accounts receivable Increase in inventory Amortization of patent Decrease in discount on bonds $10,100 12,100 1,100 4,100 4,900 710 510 8 02:29:39 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.) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes...
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The accounting records of Harrison Company provided the data below. Net loss $ 10,300 Depreciation expense 12,300 Increase in salaries payable 1,300 Decrease in accounts receivable 4,300 Increase in inventory 5,100 Amortization of patent 730 Decrease in discount on bonds 530 Required: Prepare a reconciliation of net income to net cash flows from operating activities Cash Flows from Operating Activities: NET INCOME or LOSS??? Adjustments for noncash effects: ?????????????? ???????????????? ??????????? Changes in operating assets and liabilities: ???????????????? ???????????????? ??????????????????????...
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...
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...
Sunset Acres reported net income of $53.5 million. Included in that number were trademark amortization expense...
Sunset Acres reported net income of $53.5 million. Included in that number were trademark amortization expense of $1.9 million and a gain on the sale of land of $3.2 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2.9 million, $3.9 million, and $2.9 million, respectively. What were Sunset's cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000...
thank you Laser World reports net income of $560,000. Depreciation expense is $41,000, accounts receivable increases...
thank you
Laser World reports net income of $560,000. Depreciation expense is $41,000, accounts receivable increases $11,000, and accounts payable decreases $21,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Cash Flows (Partial) Cash flows from operating activities 1 $ 560,000 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable Decrease in accounts...
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 $33,300 9,400 5,600 7,100 2,000 4,300 1,400 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Adjustments for...
The accounting records of Hampton Company provided the data below ($ 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...
Sheen Awnings reported net income of $96.0 million. Included in that number were depreciation expense of $2.5 million and a loss on the sale of equipment of $1.6 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1.4 million, $2.4 million, and $3.4 million, respectively. What were Sheen's cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should...
The accounting records of Harrison Company provided the data below. 34 15 points Net loss Depreciation expense Increase in salaries payable Decrease in accounts receivable Increase in inventory Amortization of patent Decrease in discount on bonds $10,100 12,100 1,100 4,100 4,900 710 510 8 02:29:39 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes...
Exercise 4-15 (Algo) Indirect method; reconciliation of net income to net cash flows from operating activities [LO4-8] The accounting records of Hampton Company provided the data below ($ 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...
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...
Sunset Acres reported net income of $53.5 million. Included in that number were trademark amortization expense of $1.9 million and a gain on the sale of land of $3.2 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2.9 million, $3.9 million, and $2.9 million, respectively. What were Sunset's cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000...
thank you
Laser World reports net income of $560,000. Depreciation expense is $41,000, accounts receivable increases $11,000, and accounts payable decreases $21,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Cash Flows (Partial) Cash flows from operating activities 1 $ 560,000 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable Decrease in accounts...
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