Homework Answers
Net Income = $67,000
Adjustments to net income to bring net income Net operating cash flow:
Add: Depreciation = $5,000
Add: Current assets decreased = $2,000
Add: Current Liabilities increased by = $6,000
Net cash flow from Operating activities = $80,000
* [Dividends paid are a part of financing activity, so not considered while computing operating cash flow]
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TANCIAL ACCOUNTING - KISUMUTELDORET Cooper's Hardware earned net income of $67,000 after deducting depreciation of $5,000...
Cooper's Hardware earned net income of $67,000 after deducting depreciation of $5.000 and all other expenses....
Cooper's Hardware earned net income of $67,000 after deducting depreciation of $5.000 and all other expenses. Current assets decreased by $2.000, and current liabilities increased by $6,000. Cooper paid $9.000 of dividends. How much was Cooper's cash provided by operating activities?
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Source TodaySource Today earned net income of $ 72 comma 000$72,000 after deducting depreciation of $ 7 comma 000$7,000 and all other expenses. Current assets decreased by $ 6 comma 000$6,000, and current liabilities increased by $ 8 comma 000$8,000. How much was Source Today'sSource Today's cash provided by operating activities (indirect method)?
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Answer all please
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Suppose the income statement for Goggle Company reports $70 of net income, after deducting depreciation of $35. The company bought equipment costing $60 and obtained a long-term bank loan for $60. The company's comparative balance sheet, at December 31, indicates the following: points Required: 1. Calculate the change in each balance sheet account, and indicate whether each account relates to operating, Investing, and/or financing activities. (Decreases should be indicated with minus sign.) Skipped eBook Previous Year Current Year Change Type...
A company's income statement showed the following: net income, $118,000; depreciation expense. $32,000; and gain on...
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Cooper's Hardware earned net income of $67,000 after deducting depreciation of $5.000 and all other expenses. Current assets decreased by $2.000, and current liabilities increased by $6,000. Cooper paid $9.000 of dividends. How much was Cooper's cash provided by operating activities?
Of the a. Predict future cash flows. b. Evaluate management decisions c. Predict ability to make payments to lenders d. All of the above. 5. Financing activities are most closely related to a. Current assets to current liabilities b. Long-term assets. c. Long-term liabilities and shareholder's equity d. Net income and dividend. 6. Which item does not appear on a statement of cash flows prepared by the indirect method? a. Collections from customers. b. Net income c. Depreciation d. Gain...
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Leather Shop earned net income of $65,000 after deducting depreciation of $4,000 and all other expenses. Current assets decreased by $3,000, and current liabilities increased by $7,000. How much was Leather Shop's cash provided by operating activities (indirect method)? OA. $51,000 O B. $57,000 OC. $79,000 OD. $73,000 A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of Yale Co. If the Yale Co. stock investment paid dividends, what account...
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Suppose the income statement for Goggle Company reports $70 of net income, after deducting depreciation of $35. The company bought equipment costing $60 and obtained a long-term bank loan for $60. The company's comparative balance sheet, at December 31, indicates the following: points Required: 1. Calculate the change in each balance sheet account, and indicate whether each account relates to operating, Investing, and/or financing activities. (Decreases should be indicated with minus sign.) Skipped eBook Previous Year Current Year Change Type...
A company's income statement showed the following: net income, $118,000; depreciation expense. $32,000; and gain on sale of plant assets. $6.000. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $9,800; merchandise inventory increased $20,000; prepaid expenses increased $6,600; accounts payable increased $3.800. Calculate the net cash provided or used by operating activities. Multiple Choice $142,200. O $144,200. $149,000. O $170,200. O $131,000
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