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| Pronghorn Corp | ||
| Statement of Cash Flow (Partial) | ||
| For the year ended December 31, 2022 | ||
| Cash flows from operating activities: | ||
| Net Income | $ 3,04,800 | |
| Adjustment to reconcile net income to net cash provided by operating activities | ||
| Depreciation expense | $ 50,400 | |
| Increase in accounts receivable | $ -19,200 | |
| Increase in inventory | $ -19,200 | |
| Decrease in prepaid expense | $ 2,400 | |
| Decrease in accrued expenses payable | $ -12,000 | |
| Increase in accounts payable | $ 19,200 | |
| $ 21,600 | ||
| Net cash provided by operating activities | $ 3,26,400 | |
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Question 6 0.5 View Policies Show Attempt History Current Attempt in Progress Your answer is partially...
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Question 3 View Policies Current Attempt in Progress The following information is available for Shamrock, Inc....
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Your answer is partially correct. Try again. The current sections of Monty Corp.'s balance sheets at...
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Exercise 12-05 The current sections of Pronghorn Corp's balance sheets at December 31, 2021 and 2022,...
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Need help please Exercise 12-06 Your answer is partially correct. Try again. The current sections of...
Need help please
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Current Attempt in Progress The current sections of Ivanhoe Company's balance sheets at December 31, 2021...
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Question 3 View Policies Current Attempt in Progress The following information is available for Kingbird, Inc....
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Question 2 --/3 View Policies Current Attempt in Progress The comparative statement of financial position for...
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--/4 Question 3 View Policies Current Attempt in Progress The current sections of Buffalo Corp's balance sheets at December 31, 2021 and 2022, are presented here. Buffalo Corp's net income for 2022 was $114,750. Depreciation expense was $20,250. ort 2022 2021 I Current assets Cash $78,750 $74,250 60,000 66,750 126,000 129,000 20,250 16,500 Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable $285,000 $286,500 $ 11.250 $3,750 63.750 69.000 Total current liabilities $75,000 $72.750...
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Your answer is partially correct. Try again. The current sections of Monty Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Monty Corp.'s net income for 2022 was $406,400. Depreciation expense was $67,200. 2022 2021 $99,200 136,000 124,800 27,200 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $ 142,400 110,400 99,200 30,400 $382,400 $387,200 $ 9,600 140,800 $150,400 $ 25,600 115,200 $ 140,800 Prepare...
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Exercise 12-05 The current sections of Pronghorn Corp's balance sheets at December 31, 2021 and 2022, are presented here. Pronghorn Corp's net income for 2022 was $183,600 Depreciation expense was $32,400 2022 2021 Current assets $126,000 $118,800 Cash 106,800 96,000 Accounts receivable 201,600 206,400 Inventory 32,400 26,400 Prepaid expenses $456,000 $458,400 Total current assets Current liabilities Accrued expenses payable $18,000 $6,000 Accounts payable 102,000 110,400 $120,000 $116,400 Total current liabilities Prepare the net cash provided (used) by operating activities section...
Need help please
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Current Attempt in Progress The current sections of Ivanhoe Company's balance sheets at December 31, 2021 and 2022, are presented here. Ivanhoe Company's net income for 2022 was $99,450. Depreciation expense was $17,550. 2022 2021 Current assets Cash $68,250 $64,350 Accounts receivable 52,000 57,850 Inventory 109,200 111,800 Prepaid expenses 17,550 14.300 Total current assets $247,000 $248,300 Current liabilities Accrued expenses payable $9,750 $3,250 Accounts payable 55,250 59,800 Total current liabilities $65,000 $63,050 Prepare the net cash provided (used) by operating...
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Question 2 --/3 View Policies Current Attempt in Progress The comparative statement of financial position for Sandhill Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $66,000 $46,500 Inventory 77,000 64,500 Accounts payable 32,500 49,000 Dividends payable 1,500 2,000 Sandhill's income statement reported the following selected information for the year ended March 31, 2018: net income was $270,000, depreciation expense was $63,000, and a loss on the disposal of land was $14,000....
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