Answer: Option (a) $486,425 is correct
Computation of cash balance at the end of the period | |
Net cash flow Operating activitis | 181754 |
Net cash flow used for Investment activities | (49950) |
Net cash flow used for Financing activities | (102883) |
Net increase in cash during the period | 28921 |
Add: cash balance at the beginning of the period | 457504 |
cash balance at the end of the period | 486425 |
The current period statement of cash flows includes the following: Cash balance at the beginning of...
The current period statement of cash flows includes the following: Cash balance at the beginning of the period $478,949 Net cash flow from operating activities 184,643 Net cash flow used for investing activities 46,791 Net cash flow used for financing activities 103,471 The cash balance at the end of the period is a. $560,121 b. $513,330 c. $813,854 d. $328,687
The current period statement of cash flows includes the following: $493,337 185,916 Cash balance at the beginning of the period Net cash flow from operating activities Net cash flow used for investing activities Net cash flow used for financing activities 56,134 85,148 The cash balance at the end of the period is a. $537,971 b. $352,055 c. $820,535 d. $594,105
The current period statement of cash flows includes the following:Cash balance at the beginning of the period$310,000Net cash flow from operating activities285,000Net cash flow from investing activities43,000Net cash flow financing activities(97,000)The cash balance at the end of the period is equal to:Question 11 options:$231,000$541,000$25,000$735,000
41. Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in a. the cash flows from investing activities section. b. a separate schedule. c. the cash flows from operating activities section. d. the cash flows from financing activities section. 42. Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? a decrease in accounts receivable preferred dividends declared and...
Statement of Cash Flows—Indirect Method List the errors you find in the following statement of cash flows. The cash balance at the beginning of the year was $240,000. All other amounts are correct, except the cash balance at the end of the year. Shasta Inc. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activities: Net income $360,000 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 100,800 Gain on...
The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $ 35,000 Net cash flow used for investing activities (20,000) Net cash flow used for financing activities 60,000 Ending cash balance 50,000 What is the net change in cash for the period? a.$125,000 b.$(75,000) c.$115,000 d.$75,000
Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Income 0 0 Cash Cash equivalents, and short term mements 0 Cash and cash equivalents 0 Working on The statement of cash flows is Multiple Choice Ο Another name for the statement of financial position Ο A financial statement that is the types and amounts of assets, labies and equity of a business on a specific date Ο O A financial statement...
Shasta Inc. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: $360,000 100,800 17,280 Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable 27,360 (36,000) (3,600) (2,400) Decrease in accrued expenses payable 5463,440 Net cash flow from operating activities Cash flows from investing activities:...
Complete the statement one section at a time, beginning with the cash flows from operating activities. Grand Tree, Inc. Statement of Cash Flows Year Ended December 31, 2018 Grand Tree, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 442,000 Cost of Goods Sold 210,200 Gross Profit 231,800 Operating Expenses Salaries Expense 78,400 Depreciation Expense-Plant Assets 14,700 Other Operating Expenses 11,000 104,100 Total Operating Expenses Operating Income 127.700 Other Income and (Expenses): Interest Revenue 8,300 Interest Expense...
Statement of Cash Flows Your supervisor has provided you with the following statement of cash flows, prepared using the indirect method. Recall that the statement of cash flows consists of three sections: cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Review the statement, and then proceed to the next panel. Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities: Net...