During its first month of business, Kochanski Company reported net cash flows from operating activities of $5,000, net cash flows from investing activities of ($10,000), net cash flows from financing activities of $50,000. What was the net increase in cash?
Net cash flows from operating activities | 5000 |
Net cash flows from investing activities | (10,000) |
Net cash flows from financing activities | 50,000 |
Net increase in cash | $45,000 |
During its first month of business, Kochanski Company reported net cash flows from operating activities of...
What is reported on the statement of cash flows? Operating, investing, and financing activities of an entity for a period of time. All revenues and expense listed by operating, financing, and operating activity. Operating, investing, and financing activities of an entity at the balance sheet date. A detail of all incoming and outgoing cash flows of a business.
Statement of Cash Flows Month Ended December 31, 2015 Cash flows from Operating activities Receipts: Collections from customers 5100 Payments. For rent -1500 For salanes -1500 For utilities -300 -330D Net cash provided (used) by operating activities 1800 Cash flows from investing activities Acquisition of Land -20000 Net cash provided (used) by investing activities Cash flows from financing activities Owner contribution 81000 Owner withdrawal Net cash provided (used) by financing activities Net increase (decrease in cash Cash balance, December 1,...
KRJ Company’s statement of cash flows reported cash from operating activities of $130 million, cash flow from investing activities of $-343 million, and cash from financing activities of $119 million. What was the change in cash (in $ millions) reported by the company? Be certain to include a negative sign in front of your answer if the company reported a reduction in cash. PLEASE SHOW ALL STEPS
QUESTION 7 The appropriate section in the statement of cash flows for reporting the net income is: o Operating activities, O Financing activities. O Investing activities. O Schedule of noncash investing or financing activity O This is not reported on the statement of cash flows. QUESTION 8 The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is Operating activities. O Financing activities. O Investing activities. Schedule of noncash investing or financing...
34. Mignon Company reported the following in its Statement of Cash Flows: Cash Flow from Operating Activities: $28,000 Cash Flow from Investing Activities: ? Cash Flow from Financing Activities: $(37,000) Beginning Cash Balance: $12,000 Ending Cash Balance: $29,000 Determine the Cash Flow from Investing Activities (parentheses indicate cash outflow): A. $26,000 B. ($28,000) C. $16,000 D. ($18,000) The answer is A, why? I want the explanations, thank you
After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9. Cash $ 43,000 Notes payable $50,000 Common stock 75,000 Rent expense 8,000 Dividends 2,000 Retained earnings 0 Interest expense 300 Salaries expense 50,000 Land 100,000 Sales commissions 90,000 Miscellaneous expense 1,700 Utilities expense 10,000 Prepare a statement of cash flows for the month ending June 30, 20Y9. Use the minus sign to indicate cash out...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000, cash flow from financing activities of ($124,000), and cash flow from investing activities of S105,000. Athena, Inc. invested S65,000 cash in long term assets. Athena, Inc.'s free cash flow is: O A. $40,000 OB. $17,000 OC. $59,000. OD. $36,000.
Page 1 of 2 Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $185,000 recorded on equipment and a building amounted to $96,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: . Depreciation End of Year Beginning of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable s75,900 84,550 186,200...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments to reconcile net income to net cash provided by operating activities: $13,277 Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 13,861 (7,295) (3,210) 4,815 21,448 107,529 Net cash provided by operating activities Cash flows from investing activities Sale of investments 4,523 Purchase of equipment (35,308) Net cash used by investing activities (30,785) Cash...
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow from operating activities of
$196,600 on its statement of cash flows for the year ended December
31. The following information was reported in the Cash Flows from
Operating Activities section of the statement of cash flows, using
the indirect method:
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow from operating activities of $196,600 on its statement...