The accounting records of Harrison Company provided the data below. 34 15 points Net loss Depreciation...
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: ???????????????? ???????????????? ??????????????????????...
The accounting records of Harrison Company provided the data below. Net loss $ 11,800 Depreciation expense 13,800 Increase in salaries payable 2,800 Decrease in accounts receivable 5,800 Increase in inventory 6,600 Amortization of patent 880 Decrease in discount on bonds 680 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.)
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...
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...
Net income of Mansfield Company was $41,000. The accounting records reveal depreciation expense of $76,000 as well as increases in prepaid rent, salaries payable, and income taxes payable of $56,000, $19,000, and $16,000, respectively. Prepare the cash flows from operating activities section of Mansfield's statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash...
Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net Income for the 2021 fiscal year was $704,000. Depreciation and amortization expense of $83,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: look Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in salaries payable Decrease in income taxes payable $38,000 10.800 10,100 11,600 14,000...
The accounting records of Hampton Company provided the data below ($ in thousands). Net income $ 23,300 Depreciation expense 8,400 Increase in accounts receivable 4,600 Decrease in inventory 6,100 Decrease in prepaid insurance 1,500 Decrease in salaries payable 3,300 Increase in interest payable 900 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.)
4)The accounting records of rockiness company provided the data below($ in 000s) Net income $25,200 Depreciation expense 3,300 Decrease in accounts receivable 2,000 Increase in inventory 4,500 Increase in prepaid insurance 300 Increase in salaries payable 900 Decrease in interest payable 400 Required: Statement of Cash Flow reconciliation of net income to net cash flows from operating activities