Homework Answers
Required:
| Net income | $47,000 |
| Adjustments: | |
| Increase in account receivable | ($4,000) |
| Depreciation | $8,000 |
| Loss on sale of land | $12,000 |
| Decrease in inventories | $2,000 |
| Increase in account payables | $7,000 |
| Net cash provided by operating activities | $72,000 |
Add Answer to:
Use the following Raycraft Ltd. information for questions through 10. Under the indirect method, net cash...
Use the following yaratd. information for the 10 Under the indirect method, net cash provided by...
Use the following yaratd. information for the 10 Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 Depreciation Expense yent of Dividende Increase in Account Reche Collection of Not Receive Lomon Sale of Land $47.000 3.000 2.000 4,000 6.000 12.000 Increase in Ale Ace of que Sale of Share Payment of long-Dube Proceeds from Sale of Land 9.000 35,000 a. $72,000. b. $76,000 c. $83,000 d. $84,000.
7 Use the following Baycraft Ltd. information for questions 7 through 10. Under the indirect method,...
7 Use the following Baycraft Ltd. information for questions 7 through 10. Under the indirect method, net cash provided by operating activities would be (10 Points) Net Income Depreciation Expense Payment of Dividends Increase in Accounts Receivable Collection of Notes Receivable Loss on Sale of Land $47,000 Decrease in Inventories 8.000 Increase in Accounts Payable 2,000 Acquisition of Equipment 4,000 Sale of Shares 6,000 Payment of Long-Term Debt 12,000 Proceeds from Sale of Land $ 2,000 7,000 24,000 3,000 9,000...
572,000 b. 575.000 $83.000 d. $34000 Net cash provided by (used for) investing activities would be...
572,000 b. 575.000 $83.000 d. $34000 Net cash provided by (used for) investing activities would be (10 Points) O a. $18.000 b. $(12,000) O c. $(6,000) O d. $24,000. Net cash provided by (used for) financing activities would be (10 Points) a $4.000 b. $2,000 O c5(8,000). d. $(11.000) о D Use the following Baycraft Ltd. information for questions 7 through 10. Under the indirect method, net cash provided by operating activities would be 5 (10 Points) Net Income Depreciation...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a)...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund's operating-cash-flow-to-current-liabilities ratio. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 $11,000 4,000 3,000 7,000 22,000 16,000 1,000 90,000 60,000 35,000 17,000 29,000 5,000 13,000 78,000 3,000 120,000 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method: Accounts payable increase $14,000 Accounts receivable increase 7,000 Accrued liabilities decrease 5,000 Amortization expense 31,000 Cash balance, January 1 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land 81,000 Cash paid to retire bonds payable at par 70,000 Cash received from issuance of common stock 75,000 Cash received...
The financial statements of Wetaskiwin Ltd., a private company reporting under ASPE, follow: WETASKIWIN LTD. Balance...
The financial statements of Wetaskiwin Ltd., a private company reporting under ASPE, follow: WETASKIWIN LTD. Balance Sheet December 31 Assets 2021 Cash $9,000 Short-term notes receivable 14,000 Accounts receivable 28,000 Inventory 29,000 Property, plant, and equipment 73,000 Accumulated depreciation (30,000) Total assets $123,000 Liabilities and Shareholders' Equity Accounts payable $25,000 Income tax payable 3,000 Notes payable 15,000 Common shares 25,000 Retained earnings 55,000 Total liabilities and shareholders' equity $123,000 2020 $10,000 23,000 14,000 25,000 78,000 (24,000) $126,000 $43,000 20,000 10,000...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method: Accounts payable increase $14,000 Accounts receivable increase 7,000 Accrued liabilities decrease 5,000 Amortization expense 31,000 Cash balance, January 1 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land 81,000 Cash paid to retire bonds payable at par 70,000 Cash received from issuance of common stock 75,000 Cash received...
Use the following information and the indirect method to calculate the net cash provided or used...
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income Depreciation expense Gain on sale of land Increase in merchandise inventory Increase in accounts payable $86,000 12,700 8,200 2,750 6,850 Multiple Choice $29,800 $14,250 $13,250 $94,600 $38,000 < Prex 27 of 36 3 Next line e to search o + m SAMSUNG
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,000 Accounts receivable increase 9,800 Wages payable decrease 4,200 Amortization expense 22.400 Cash balance, January 1 42,000 Cash balance, December 31 9,800 Cash paid as dividends 8,400 Cash paid to purchase land 140,000 Cash paid to retire bonds payable at par 105,000 Cash received from issuance of common stock 63,000 Cash received...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare a statement of cash flows using the indirect method Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock 75,000 Cash received from sale of equipment Depreciation expense Gain on sale...
Use the following yaratd. information for the 10 Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 Depreciation Expense yent of Dividende Increase in Account Reche Collection of Not Receive Lomon Sale of Land $47.000 3.000 2.000 4,000 6.000 12.000 Increase in Ale Ace of que Sale of Share Payment of long-Dube Proceeds from Sale of Land 9.000 35,000 a. $72,000. b. $76,000 c. $83,000 d. $84,000.
7 Use the following Baycraft Ltd. information for questions 7 through 10. Under the indirect method, net cash provided by operating activities would be (10 Points) Net Income Depreciation Expense Payment of Dividends Increase in Accounts Receivable Collection of Notes Receivable Loss on Sale of Land $47,000 Decrease in Inventories 8.000 Increase in Accounts Payable 2,000 Acquisition of Equipment 4,000 Sale of Shares 6,000 Payment of Long-Term Debt 12,000 Proceeds from Sale of Land $ 2,000 7,000 24,000 3,000 9,000...
572,000 b. 575.000 $83.000 d. $34000 Net cash provided by (used for) investing activities would be (10 Points) O a. $18.000 b. $(12,000) O c. $(6,000) O d. $24,000. Net cash provided by (used for) financing activities would be (10 Points) a $4.000 b. $2,000 O c5(8,000). d. $(11.000) о D Use the following Baycraft Ltd. information for questions 7 through 10. Under the indirect method, net cash provided by operating activities would be 5 (10 Points) Net Income Depreciation...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund's operating-cash-flow-to-current-liabilities ratio. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 $11,000 4,000 3,000 7,000 22,000 16,000 1,000 90,000 60,000 35,000 17,000 29,000 5,000 13,000 78,000 3,000 120,000 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method: Accounts payable increase $14,000 Accounts receivable increase 7,000 Accrued liabilities decrease 5,000 Amortization expense 31,000 Cash balance, January 1 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land 81,000 Cash paid to retire bonds payable at par 70,000 Cash received from issuance of common stock 75,000 Cash received...
The financial statements of Wetaskiwin Ltd., a private company reporting under ASPE, follow: WETASKIWIN LTD. Balance Sheet December 31 Assets 2021 Cash $9,000 Short-term notes receivable 14,000 Accounts receivable 28,000 Inventory 29,000 Property, plant, and equipment 73,000 Accumulated depreciation (30,000) Total assets $123,000 Liabilities and Shareholders' Equity Accounts payable $25,000 Income tax payable 3,000 Notes payable 15,000 Common shares 25,000 Retained earnings 55,000 Total liabilities and shareholders' equity $123,000 2020 $10,000 23,000 14,000 25,000 78,000 (24,000) $126,000 $43,000 20,000 10,000...
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income Depreciation expense Gain on sale of land Increase in merchandise inventory Increase in accounts payable $86,000 12,700 8,200 2,750 6,850 Multiple Choice $29,800 $14,250 $13,250 $94,600 $38,000 < Prex 27 of 36 3 Next line e to search o + m SAMSUNG
Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,000 Accounts receivable increase 9,800 Wages payable decrease 4,200 Amortization expense 22.400 Cash balance, January 1 42,000 Cash balance, December 31 9,800 Cash paid as dividends 8,400 Cash paid to purchase land 140,000 Cash paid to retire bonds payable at par 105,000 Cash received from issuance of common stock 63,000 Cash received...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare a statement of cash flows using the indirect method Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock 75,000 Cash received from sale of equipment Depreciation expense Gain on sale...
Most questions answered within 3 hours.
-
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 7 minutes ago -
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 6 minutes ago -
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 6 minutes ago -
Please Identify the Term "Determinism" in Psychology
asked 5 minutes ago -
The table below represents the number of republicans, democrats
and independent voting on a specific issue....
asked 11 minutes ago -
List and compare different forms of passive transport and active
transport.
asked 19 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 25 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 39 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 43 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 50 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 50 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 56 minutes ago