Homework Answers
Solution:
| Cash flow from Operating activities | |
| Cash flows from operating activities: | |
| Net Income | $1,53,400 |
| Adjustments to reconcile net income to net cash flows from Operating activities: | |
| Depreciation expense | $25,300 |
| Increase in Accounts Receivables ($40670-$42900) | -$2,230 |
| Decrease in Inventory ($61920-$58570) | $3,350 |
| Increase in Prepaid expenses ($5230-$6580) | -$1,350 |
| Incraese in Account Payable (54060- 52070) | $1,990 |
| Decraese in Wages Payable (30630 -34010) | -$3,380 |
| Net Cash Flow From Operating Activites | $1,77,080 |
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Cash flow statement Please provide formula/equation so i know how to solve for. Thank you! BUS...
Cash flow statement
Please provide formula/equation so i know how to solve for.
Thank you!
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Cash flow statement
Please provide formula/equation so i know how to solve for.
Thank you!
BUS 7013 - Managerial Accounting Cash Flow Statement Amount Calculations - Chapter 14 End of year Beginning of year Current year Change Income statement Balance sheet Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment, at cost Less: Accum. depreciation Net equipment Total assets 86,000 112,000 141,000 18,000 357,000 298,000 (100,000) 198,000 555,000 54,000 126,000 120,000 21,000 321,000 240,000 (76,000) 164,000 485,000 32,000 (14,000)...
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Statement of cash flows-indirect method PR 16-1A ow from ivities, The comparative balance sheet of Flack Inc. for December 31, 2013 and 2012, is shown as follows: Dec. 31, 2012 Dec. 31, 2013 Assets $219,720 $234,660 85,440 Cash 78,360 Accounts receivable (net) 231,420 240,660 Inventories ........ 90,000 Investments Land ... Equipment... Accumulated depreciation-equipment . 123,000 264,420 207,420 ...... (62,400) S885,780 (55,500) $771,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors).... Accrued expenses payable (operating expenses) Dividends payable.. Common stock, $1...
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