Homework Answers
Answer
- Equation:
Net Cash from (used) Operating activities + Net Cash from Investing activities + Net Cash from financing activities = Net Increase (Decrease) in Cash
Net Cash from (used) Operating activities + $ 8100 + ($24000) = ($26000)
Net Cash from (used) Operating activities + 8100 – 24000 = -26000
Net Cash from (used) Operating activities = -26000 + 24000 – 8100
Net Cash from (used) Operating activities = ($10,100) - Correct Answer = Option #4: $ (10,100)
Add Answer to:
Last year Burch Corporation's cash account decreased by $26,000. Net cash provided by (used in) investing...
2. Last year Burch Corporation's cash account decreased by $34,000. Net cash provided by (used in)...
2.
Last year Burch Corporation's cash account decreased by $34,000. Net cash provided by (used in) investing activities was $8,900. Net cash provided by (used in) financing activities was $(31,500). On the statement of cash flows, the net cash provided by (used in) operating activities was: The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment Dividends received on long-term investments Paid off bonds payable Depreciation expense $39,000 $18,000 $10,000 $23,500 $12,000...
Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Inc...
Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Income 0 0 Cash Cash equivalents, and short term mements 0 Cash and cash equivalents 0 Working on The statement of cash flows is Multiple Choice Ο Another name for the statement of financial position Ο A financial statement that is the types and amounts of assets, labies and equity of a business on a specific date Ο O A financial statement...
Net cash provided by (used for) investing activities 3. Calculate the net cash flow from financing...
Net cash provided by (used for) investing activities 3. Calculate the net cash flow from financing activities for the year. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash outflows.) Financing Activities: (12) (13) (14) Net cash provided by (used for) financing activities 4. What was the net change in cash for the...
Telfer, Inc. reported net income of $2.6 million in 2020. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200.
Telfer, Inc. reported net income of $2.6 million in 2020. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200.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 For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020 Cash at Beginning of PeriodCash at End of PeriodCash Flows...
Topic: Investing and financing cash flows LO: 4 12. During 2016, Katie Company's long-term investments account...
Topic: Investing and financing cash flows LO: 4 12. During 2016, Katie Company's long-term investments account (at cost) decreased $28,000, which was the net result of purchasing stock costing $204,000 and selling stocks costing S232,000 at a $24,000 loss. Katie's notes payable account decreased $44,000, the net result of issuing $96,000 of notes and paying S140,000 during year on notes.. What items and amounts appear in the a. Cash flows from investing activities b. Cash flows from financing activities sections...
41) Excerpts from Deblois Corporation's comparative balance Ending Beginning Balance Balance $ 22,000 $ Cash and...
41) Excerpts from Deblois Corporation's comparative balance Ending Beginning Balance Balance $ 22,000 $ Cash and cash equivalents 28,000 $ $ 18,000 Accounts payable 17,000 Accrued liabilities $ 34,000 $ 37,000 Which of the following is the correct treatment Ollowing is the correct treatment within the operating activities section of the statement of cash flows using the indirect method? A) The change in Accounts Payable is added to ge in Accounts Payable is added to net income: The change in...
CHENG INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from...
CHENG INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities A 5 Net Income 176,700 176,700 djustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense 29,500 Loss on Disposal of Plant Assets 7,500 Increase in Accounts Receivable Increase in Inventory T -10,100 Increase in Prepaid Expenses A T -3,400 Increase in Accounts Payable ) 43,400 Decrease in Accrued Expenses Payable T -900 | © 2000-2019 John Wiley &...
2. Clayborn Corporation's net cash provided by operating activities was $119,900; its net income was $105,000;...
2.
Clayborn Corporation's net cash provided by operating activities was $119,900; its net income was $105,000; its income taxes were $46,000; its capital expenditures were $95,400; and its cash dividends were $29,400. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.) Free cash flow Cridberg Corporation's selling and administrative expenses for last year totaled $296,000. During the year the company's prepaid expense account balance increased by $36,000 and accrued liabilities decreased by $30,000....
Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken...
Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities Net cash provided by investing activities Cash balance, beginning of year Cash balance, end of year $31,500 5,900 7,500 12,500 What is the amount of net cash provided by (used in) financing activities? Multiple Choice $32,400 ($32,400) ($5,000)
Norbury Corporation's net income last year was $21,000. The company did not sell or retire any...
Norbury Corporation's net income last year was $21,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 11,500 Inventory $ (3,200 ) Prepaid expenses $ 7,000 Accumulated depreciation $ 20,000 Liability Accounts: Accounts payable $ 11,000 Accrued liabilities $ (7,700 ) Income taxes payable $ 2,300 Based solely on this information, the net cash provided...
2.
Last year Burch Corporation's cash account decreased by $34,000. Net cash provided by (used in) investing activities was $8,900. Net cash provided by (used in) financing activities was $(31,500). On the statement of cash flows, the net cash provided by (used in) operating activities was: The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment Dividends received on long-term investments Paid off bonds payable Depreciation expense $39,000 $18,000 $10,000 $23,500 $12,000...
Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Income 0 0 Cash Cash equivalents, and short term mements 0 Cash and cash equivalents 0 Working on The statement of cash flows is Multiple Choice Ο Another name for the statement of financial position Ο A financial statement that is the types and amounts of assets, labies and equity of a business on a specific date Ο O A financial statement...
Net cash provided by (used for) investing activities 3. Calculate the net cash flow from financing activities for the year. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash outflows.) Financing Activities: (12) (13) (14) Net cash provided by (used for) financing activities 4. What was the net change in cash for the...
Telfer, Inc. reported net income of $2.6 million in 2020. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200.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 For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020 Cash at Beginning of PeriodCash at End of PeriodCash Flows...
Topic: Investing and financing cash flows LO: 4 12. During 2016, Katie Company's long-term investments account (at cost) decreased $28,000, which was the net result of purchasing stock costing $204,000 and selling stocks costing S232,000 at a $24,000 loss. Katie's notes payable account decreased $44,000, the net result of issuing $96,000 of notes and paying S140,000 during year on notes.. What items and amounts appear in the a. Cash flows from investing activities b. Cash flows from financing activities sections...
41) Excerpts from Deblois Corporation's comparative balance Ending Beginning Balance Balance $ 22,000 $ Cash and cash equivalents 28,000 $ $ 18,000 Accounts payable 17,000 Accrued liabilities $ 34,000 $ 37,000 Which of the following is the correct treatment Ollowing is the correct treatment within the operating activities section of the statement of cash flows using the indirect method? A) The change in Accounts Payable is added to ge in Accounts Payable is added to net income: The change in...
CHENG INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities A 5 Net Income 176,700 176,700 djustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense 29,500 Loss on Disposal of Plant Assets 7,500 Increase in Accounts Receivable Increase in Inventory T -10,100 Increase in Prepaid Expenses A T -3,400 Increase in Accounts Payable ) 43,400 Decrease in Accrued Expenses Payable T -900 | © 2000-2019 John Wiley &...
2.
Clayborn Corporation's net cash provided by operating activities was $119,900; its net income was $105,000; its income taxes were $46,000; its capital expenditures were $95,400; and its cash dividends were $29,400. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.) Free cash flow Cridberg Corporation's selling and administrative expenses for last year totaled $296,000. During the year the company's prepaid expense account balance increased by $36,000 and accrued liabilities decreased by $30,000....
Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities Net cash provided by investing activities Cash balance, beginning of year Cash balance, end of year $31,500 5,900 7,500 12,500 What is the amount of net cash provided by (used in) financing activities? Multiple Choice $32,400 ($32,400) ($5,000)
Most questions answered within 3 hours.
-
List and compare different forms of passive transport and active
transport.
asked 2 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 9 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 23 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 26 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 34 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 34 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 39 minutes ago -
how
to use a for loop to iterate over the string below and print each
character...
asked 41 minutes ago -
Please type answer, Thanks.
Respond to the following in a minimum of 175
words:
Research industry...
asked 41 minutes ago -
Assume that all interest rates in the economy increase from 9
percent to 10 percent. Which...
asked 51 minutes ago -
Describe the function of a Change Control Board.
When calculating Planned Value (PV), what is the...
asked 57 minutes ago -
The customer help center in your company receives calls from
customers who need help with some...
asked 1 hour ago