Changes in Current Operating Assets and Liabilities Covington Corporation's comparative balance sheet for current assets and...
Changes in Current Operating Assets and Liabilities
Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:
| Dec. 31, Year 2 | Dec. 31, Year 1 | |||
| Accounts receivable | $27,500 | $23,500 | ||
| Inventory | 55,600 | 63,200 | ||
| Accounts payable | 12,400 | 15,100 | ||
| Dividends payable | 15,000 | 16,000 | ||
Adjust net income of $73,300 for changes in operating assets and
liabilities to arrive at net cash flows from operating
activities.
Homework Answers
Net cash flows from operating activities:
= $73,300 - ($27,500 - $23,500) + ($63,200 - $55,600) - ($15,100 - $12,400)
= $74,200
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Changes in Current Operating Assets and Liabilities
Covington Corporation's comparative balance sheet for current
assets and...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,100 $17,500 Inventory 52,400 60,900 Accounts payable 25,500 22,200 Dividends payable 23,000 21,000 Adjust net income of $96,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,700 $23,400 Inventory 66,600 58,400 Accounts payable 19,100 16,300 Dividends payable 19,000 20,000 Adjust net income of $92,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,100 Inventory $24,500 65,900 23,300 23,000 73,100 18,400 25,000 Accounts payable Dividends payable Adjust net income of $ 106,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 100,400 x
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,600 $17,300 Inventory 52,400 53,100 Accounts payable 10,700 9,000 Dividends payable 16,000 15,000 Adjust net income of $70,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Feedback
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,700 $16,800 Inventory 56,900 66,200 Accounts payable 20,100 23,300 Dividends payable 28,000 26,000 Adjust net income of $116,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for...
Changes in Current Operating Assets and Liabilities—Indirect Method Victor Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $15,000 $12,600 Inventory 58,400 68,700 Accounts payable 12,900 16,100 Dividends payable 21,000 20,000 Adjust net income of $88,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $18,500 $18,300 Inventory 56,500 57,200 Accounts payable 11,400 10,400 Dividends payable 18,000 17,000 Adjust net income of $78,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $18,500 $18,300 Inventory 56,500 57,200 Accounts payable 11,400 10,400 Dividends payable 18,000 17,000 Adjust net income of $78,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Blue Circle Corporation's comparative balance sheet for current...
Changes in Current Operating Assets and Liabilities—Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $21,900 $18,100 Inventory 58,000 65,900 Accounts payable 14,500 17,100 Dividends payable 19,000 18,000 Adjust net income of $83,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 89,800 x
Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y 1 Accounts recevable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6 100 Adjust net income of s75,800 for changes in operating assets and liabilities to arrive at net cash fio from bperating activities
Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,100 Inventory $24,500 65,900 23,300 23,000 73,100 18,400 25,000 Accounts payable Dividends payable Adjust net income of $ 106,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 100,400 x
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,600 $17,300 Inventory 52,400 53,100 Accounts payable 10,700 9,000 Dividends payable 16,000 15,000 Adjust net income of $70,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Feedback
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,700 $16,800 Inventory 56,900 66,200 Accounts payable 20,100 23,300 Dividends payable 28,000 26,000 Adjust net income of $116,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for...
Changes in Current Operating Assets and Liabilities—Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $21,900 $18,100 Inventory 58,000 65,900 Accounts payable 14,500 17,100 Dividends payable 19,000 18,000 Adjust net income of $83,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 89,800 x
Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y 1 Accounts recevable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6 100 Adjust net income of s75,800 for changes in operating assets and liabilities to arrive at net cash fio from bperating activities
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