Homework Answers
Solution:
Net cash provided by operating activities = Net income + Decrease in inventory - Decrease in accounts payable + Depreciation expense - Gain on disposal of equipment
= $101,000 + $15,100 - $20,200 + $18,300 - $8,800
= $105,400
Hence 2nd option is correct.
Add Answer to:
Questions Waterway Company reported net income of $101000 for the year ended December 31, 2019. During...
Baxter Company reported a net loss of $12,742 for the year ended December 31. During the...
Baxter Company reported a net loss of $12,742 for the year ended December 31. During the year, accounts receivable decreased by $4,030, inventory increased by $8,790, accounts payable increased by $13,655, and depreciation expense of $4,082 was recorded. During the year, operating activities Oa. provided net cash of $12,742. Ob. used net cash of $12,742. Oc. used net cash of $235. Od. provided net cash of $235
Baxter Company reported a net loss of $12,742 for the year ended December 31. During the...
Baxter Company reported a net loss of $12,742 for the year ended December 31. During the year, accounts receivable decreased by $4,030, inventory increased by $8,790, accounts payable increased by $13,655, and depreciation expense of $4,082 was recorded. During the year, operating activities illon Oa. provided net cash of $12,742. Ob. used net cash of $12,742. Oc. used net cash of $235. Od provided net cash of $235.
Skysong, Inc. reported a net loss of $12300 for the year ended December 31, 2022. During...
Skysong, Inc. reported a net loss of $12300 for the year ended December 31, 2022. During the year, accounts receivable decreased $6150, inventory increased $9840, accounts payable increased by $12300, and depreciation expense of $7380 was recorded. During 2022, operating activities provided net cash of $8610. provided net cash of $3690. used net cash of $8610. used net cash of $3690.
Blossom Company reported net income of $3.3 million in 2017. Depreciation for the year was $169,200,...
Blossom Company reported net income of $3.3 million in 2017. Depreciation for the year was $169,200, accounts receivable decreased $333,200, and accounts payable decreased $272,900. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Blossom Company Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2017 Cash Flows from Operating Activities * Net Income 3300000 Adjustments to reconcile net...
Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...
Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000, and depreciation expense of $8,000 was recorded. Net cash provided by operating activities under the indirect method for the year is a. $53,000 b. $47,000 c. $33,000 d. $37,000
For the year ended Dec 31, 2018, Omni Company reported net income of $88,650; depreciation expense...
For the year ended Dec 31, 2018, Omni Company reported net income of $88,650; depreciation expense increased of $13,200, and recognized $9,600 loss on disposal of equipment. (Filling amount is 2points each; filing account is 1 point each) In addition, current operating assets and liabilities from the company’s comparative balance sheet were as follows: ______________________________Dec 31, 2018 Dec 31, 2017 Accounts Receivable $6,700 $4,900 Inventory $12,300 $4,500 Accounts Payable $7,700 $5,200 Based upon above information, please generate cash flows from...
Waterway Company's income statement for the year ended December 31, 2017, contained the following condensed information...
Waterway Company's income statement for the year ended December 31, 2017, contained the following condensed information. Service revenue $839,000 $624,000 Operating expenses (excluding depreciation) Depreciation expense 60,000 Loss on sale of equipment 26,000 710,000 Income before income taxes 129,000 Income tax expense 39,000 $90,000 Net income Waterway's balance sheet contained the following comparative data at December 31 2017 2016 $39,000 $53,000 Accounts receivable Accounts payable 40,000 32,000 Income taxes payable 4,200 8,300 (Accounts payable pertains to operating expenses.) Prepare the...
Rogers Company reported net income of $41,476 for the year. During the year, accounts receivable increased...
Rogers Company reported net income of $41,476 for the year. During the year, accounts receivable increased by $5,021, accounts payable decreased by $4,194 and depreciation expense of $4,236 was recorded. Net cash provided by operating activities for the year is
Sunland Company reported net income of $69700 for the year. During the year, accounts receivable increased...
Sunland Company reported net income of $69700 for the year. During the year, accounts receivable increased by $5700, accounts payable decreased by $4900 and depreciation expense of $8400 was recorded. Net cash provided by operating activities for the year is _____________
Blossom Company reported net income of $386000 for the year. During the year, accounts receivable increased...
Blossom Company reported net income of $386000 for the year. During the year, accounts receivable increased by $28000, accounts payable decreased by $12000 and depreciation expense of $60000 was recorded. Net cash provided by operating activities for the year is $386000. $342000. $406000. $366000.
Baxter Company reported a net loss of $12,742 for the year ended December 31. During the year, accounts receivable decreased by $4,030, inventory increased by $8,790, accounts payable increased by $13,655, and depreciation expense of $4,082 was recorded. During the year, operating activities Oa. provided net cash of $12,742. Ob. used net cash of $12,742. Oc. used net cash of $235. Od. provided net cash of $235
Baxter Company reported a net loss of $12,742 for the year ended December 31. During the year, accounts receivable decreased by $4,030, inventory increased by $8,790, accounts payable increased by $13,655, and depreciation expense of $4,082 was recorded. During the year, operating activities illon Oa. provided net cash of $12,742. Ob. used net cash of $12,742. Oc. used net cash of $235. Od provided net cash of $235.
Skysong, Inc. reported a net loss of $12300 for the year ended December 31, 2022. During the year, accounts receivable decreased $6150, inventory increased $9840, accounts payable increased by $12300, and depreciation expense of $7380 was recorded. During 2022, operating activities provided net cash of $8610. provided net cash of $3690. used net cash of $8610. used net cash of $3690.
Blossom Company reported net income of $3.3 million in 2017. Depreciation for the year was $169,200, accounts receivable decreased $333,200, and accounts payable decreased $272,900. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Blossom Company Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2017 Cash Flows from Operating Activities * Net Income 3300000 Adjustments to reconcile net...
Waterway Company's income statement for the year ended December 31, 2017, contained the following condensed information. Service revenue $839,000 $624,000 Operating expenses (excluding depreciation) Depreciation expense 60,000 Loss on sale of equipment 26,000 710,000 Income before income taxes 129,000 Income tax expense 39,000 $90,000 Net income Waterway's balance sheet contained the following comparative data at December 31 2017 2016 $39,000 $53,000 Accounts receivable Accounts payable 40,000 32,000 Income taxes payable 4,200 8,300 (Accounts payable pertains to operating expenses.) Prepare the...
Most questions answered within 3 hours.
-
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 4 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 5 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 53 minutes ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 18 minutes ago -
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 1 hour ago -
Consider the probability that fewer than 34 out of 116 CDs will
be defective. Assume the...
asked 33 minutes ago -
4J Manufacturing Company uses a job order cost accounting system
and keeps perpetual inventory records. Prepare...
asked 22 minutes ago -
Please write code in C++
using recursive function
Write a program that computes the sequence of...
asked 20 minutes ago -
What is 345 as an unsigned decimal number? It is 34
with subscript of 5. Not...
asked 37 minutes ago -
I've been struggling with these homework questions. Any help
would be greatly appreciated
1. For the...
asked 35 minutes ago -
Read the In-Depth Integrative Case 1.2 (Pharmaceutical
Companies, Intellectual Property, and the Global AIDS Epidemic) in...
asked 34 minutes ago -
Consider a mass-spring system. The spring has a spring constant
of 2.27e+3 N/m. On the end...
asked 40 minutes ago