Homework Answers
Statement of cash flows (PARTIAL)
|
Particulars |
$ |
$ |
|
Cash flow from Operating Activities |
||
|
Net income |
193,400 |
|
|
Add: Adjustments to reconcile net income to net cash provided by operating activities |
||
|
Depreciation expense |
45,600 |
|
|
Loss on sale of plant assets |
6,000 | |
|
Accounts receivable decrease |
11,000 |
|
|
Prepaid expenses decrease |
5,000 | |
|
Accounts payable increase |
13,000 |
|
| 80,600 | ||
|
Net cash provided by Operating Activities |
$274,000 |
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ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 17-04 Gutierrez Company reported net income of...
Question 1 Gutierrez Company reported net income of $191,900 for 2020. Gutierrez also reported depreciation expense...
Question 1 Gutierrez Company reported net income of $191,900 for 2020. Gutierrez also reported depreciation expense of $44,600 and a loss of $4,600 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $15,100 for the year, a $17,100 increase in accounts payable, and a $3,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow...
Exercise 13-4 Gutierrez Company reported net income of $194,700 for 2017. Gutierrez also reported depreciation expense...
Exercise 13-4 Gutierrez Company reported net income of $194,700 for 2017. Gutierrez also reported depreciation expense of $47,700 and a loss of $4,900 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $19,900 for the year, a $21,900 increase in accounts payable, and a $3,200 decrease in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either...
Gutierrez Company reported net income of $196,600 for 2020. Gutierrez also reported depreciation expense of $43,700...
Gutierrez Company reported net income of $196,600 for 2020. Gutierrez also reported depreciation expense of $43,700 and a loss of $4,900 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $11,600 for the year, a $13,600 Increase in accounts payable, and a $3,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow with either...
Gutierrez Company reported net income of $194,300 for 2017. Gutierrez also reported depreciation expense of $46,800...
Gutierrez Company reported net income of $194,300 for 2017.
Gutierrez also reported depreciation expense of $46,800 and a loss
of $5,900 on disposal of equipment. The comparative balance sheet
shows an decrease in accounts receivable of $19,800 for the year, a
$21,800 increase in accounts payable, and a $3,400 decrease in
prepaid expenses.
Prepare the operating activities section of the statement of cash
flows for 2017. Use the indirect method. (Show amounts
that decrease cash flow with either a -...
ment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEXT Brief Exercise 17-04 Telfer, Inc. reported net...
ment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEXT Brief Exercise 17-04 Telfer, Inc. reported net income of $2.2 million in 2020. Depreciation for the year was $156,500, accounts receivable decreased $331,200, and accounts payable decreased $253,000 Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000 or in parenthesis e.g. (15,000).) Telfer, Inc. Statement of Cash Flows Indirect Approach Adjustments to reconcile net income to
Gutierrez Company reported net income of $190,100 for 2017. Gutierrez also reported depreciation expense of $46,700...
Gutierrez Company reported net income of $190,100 for 2017.
Gutierrez also reported depreciation expense of $46,700 and a loss
of $4,600 on disposal of equipment. The comparative balance sheet
shows an decrease in accounts receivable of $12,500 for the year, a
$14,500 increase in accounts payable, and a $4,600 decrease in
prepaid expenses.
Prepare the operating activities section of the statement of cash
flows for 2017. Use the indirect method. (Show amounts
that decrease cash flow with either a -...
Exercise 17-04 Gutierrez Company reported net income of $197,600 for 2020. Gutierrez also reported depreciation expense...
Exercise 17-04 Gutierrez Company reported net income of $197,600 for 2020. Gutierrez also reported depreciation expense of $43,800 and a loss of $5,200 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $12,500 for the year, a $14,500 increase in accounts payable, and a $3,200 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow...
3 Questions, Help ! Brief Exercise 17-07 x Your answer is incorrect. Try again. The T-accounts...
3 Questions, Help !
Brief Exercise 17-07 x Your answer is incorrect. Try again. The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. 22,700 Equipment Beg. bal. 82,400 Disposals Acquisitions 36,500 End. bal. 96,200 Accumulated Depreciation Equipment Disposals 8,500 Beg. bal. Depr. exp. End. bal. 46,800 13,000 51,300 In addition, Luo's income statement reported a loss on the disposal of plant assets of $6,100. What amount was reported on...
Question 1 Gutierrez Company reported net income of $190,400 for 2020. Gutierrez also reported depreciation expense...
Question 1
Gutierrez Company reported net income of $190,400 for 2020.
Gutierrez also reported depreciation expense of $41,900 and a loss
of $4,600 on the disposal of plant assets. The comparative balance
sheet shows a decrease in accounts receivable of $14,400 for the
year, a $16,400 increase in accounts payable, and a $4,100 decrease
in prepaid expenses.
Prepare the operating activities section of the statement of cash
flows for 2020. Use the indirect method. (Show amounts
that decrease cash flow...
Brief Exercise 17-04 Telfer, Inc. reported net income of $2.3 million in 2020. Depreciation for t...
Brief Exercise 17-04 Telfer, Inc. reported net income of $2.3 million in 2020. Depreciation for the year was $163,200, accounts receivable decreased $357,900, and accounts payable decreased $287,100 Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Telfer, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to
Brief Exercise 17-04 Telfer, Inc. reported net income of $2.3 million...
Question 1 Gutierrez Company reported net income of $191,900 for 2020. Gutierrez also reported depreciation expense of $44,600 and a loss of $4,600 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $15,100 for the year, a $17,100 increase in accounts payable, and a $3,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow...
Exercise 13-4 Gutierrez Company reported net income of $194,700 for 2017. Gutierrez also reported depreciation expense of $47,700 and a loss of $4,900 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $19,900 for the year, a $21,900 increase in accounts payable, and a $3,200 decrease in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either...
Gutierrez Company reported net income of $196,600 for 2020. Gutierrez also reported depreciation expense of $43,700 and a loss of $4,900 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $11,600 for the year, a $13,600 Increase in accounts payable, and a $3,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow with either...
Gutierrez Company reported net income of $194,300 for 2017.
Gutierrez also reported depreciation expense of $46,800 and a loss
of $5,900 on disposal of equipment. The comparative balance sheet
shows an decrease in accounts receivable of $19,800 for the year, a
$21,800 increase in accounts payable, and a $3,400 decrease in
prepaid expenses.
Prepare the operating activities section of the statement of cash
flows for 2017. Use the indirect method. (Show amounts
that decrease cash flow with either a -...
ment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEXT Brief Exercise 17-04 Telfer, Inc. reported net income of $2.2 million in 2020. Depreciation for the year was $156,500, accounts receivable decreased $331,200, and accounts payable decreased $253,000 Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000 or in parenthesis e.g. (15,000).) Telfer, Inc. Statement of Cash Flows Indirect Approach Adjustments to reconcile net income to
Gutierrez Company reported net income of $190,100 for 2017.
Gutierrez also reported depreciation expense of $46,700 and a loss
of $4,600 on disposal of equipment. The comparative balance sheet
shows an decrease in accounts receivable of $12,500 for the year, a
$14,500 increase in accounts payable, and a $4,600 decrease in
prepaid expenses.
Prepare the operating activities section of the statement of cash
flows for 2017. Use the indirect method. (Show amounts
that decrease cash flow with either a -...
3 Questions, Help !
Brief Exercise 17-07 x Your answer is incorrect. Try again. The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. 22,700 Equipment Beg. bal. 82,400 Disposals Acquisitions 36,500 End. bal. 96,200 Accumulated Depreciation Equipment Disposals 8,500 Beg. bal. Depr. exp. End. bal. 46,800 13,000 51,300 In addition, Luo's income statement reported a loss on the disposal of plant assets of $6,100. What amount was reported on...
Question 1
Gutierrez Company reported net income of $190,400 for 2020.
Gutierrez also reported depreciation expense of $41,900 and a loss
of $4,600 on the disposal of plant assets. The comparative balance
sheet shows a decrease in accounts receivable of $14,400 for the
year, a $16,400 increase in accounts payable, and a $4,100 decrease
in prepaid expenses.
Prepare the operating activities section of the statement of cash
flows for 2020. Use the indirect method. (Show amounts
that decrease cash flow...
Brief Exercise 17-04 Telfer, Inc. reported net income of $2.3 million in 2020. Depreciation for the year was $163,200, accounts receivable decreased $357,900, and accounts payable decreased $287,100 Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Telfer, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to
Brief Exercise 17-04 Telfer, Inc. reported net income of $2.3 million...
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