Homework Answers
Answer: The correct option is A i.e. $72,000
Net Cash Provided by Operating Activities = Net income +
Depreciation Expense – Increase in Accounts Receivable + Loss on
Sale of Land + Decrease in Inventories + Increase in Accounts
Payable
Net Cash Provided by Operating Activities = $47,000 + $8,000 -
$4,000 + $12,000 + $2,000 + $7,000
Net Cash Provided by Operating Activities =
$72,000
Add Answer to:
Use the following yaratd. information for the 10 Under the indirect method, net cash provided by...
Use the following Raycraft Ltd. information for questions through 10. Under the indirect method, net cash...
Use the following Raycraft Ltd. information for questions through 10. Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 24,000 3,000 Deprecatione Peyment of Dividende nere in Accounts Receivable Collection of Neces Receivable Loon Sale of Land $17.000 Decennale 2.000 Increase in Acc Payable 2.000 Acquation of Equipment 1.000 Sale of Shares 6.000 Peymt of Long-Term Debt 12.000 Proceeds from Sale of Land 35,000
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...
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
Net income 8,000 The following information pertains to Carolina Company: $ 65,000 Increase in accounts payable...
Net income 8,000 The following information pertains to Carolina Company: $ 65,000 Increase in accounts payable .... $ Depreciation expense 8,000 Acquisition of equipment Payment of dividends. 4,000 with cash.... Increase in accounts receivable 6,000 Sale of treasury stock.. Collection of long-term notes receivable 6,000 Payment of long-term debt.... Loss on sale of land. 15,000 Proceeds from sale of land. Decrease in inventories Under the indirect method, net cash provided by operating activities would be 22,000 1,000 16,000 38,000 1,000...
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...
1. Use the indirect method to determine the net cash provided by operating activities for the...
1. Use the indirect method to determine the net cash provided by
operating activities for the year and prepare a statement of cash
flows for the year.
The following changes took place last year in Pavolik Company's balance sheet accounts: Liabilities and Stockholders' Equity Accounts Accounts payable Asset and Contra-Asset Accounts $ 35 D $ 39 I $ 88 D $ 34 I $ 36 D $ 620 I $ 127 I Cash and cash equivalents S107 I $ 39...
1. Use the indirect method and compute the net cash provided by operating activities for the...
1.
Use
the indirect method and compute the net cash provided by operating
activities for the year 2014.
2. prepare a statement of cash flows for the year
2014.
3. compute the the free cash flow for the year 2014.
4. explain why cas declined so sharply during the year
2014.
Foxbore Company Income Statement For the Period January 1, 2014 through December 31, 2014 Sales Cost of Goods Sold Gross Margin Selling and Administrative Expenses Net Operating Income Gain...
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 Raycraft Ltd. information for questions through 10. Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 24,000 3,000 Deprecatione Peyment of Dividende nere in Accounts Receivable Collection of Neces Receivable Loon Sale of Land $17.000 Decennale 2.000 Increase in Acc Payable 2.000 Acquation of Equipment 1.000 Sale of Shares 6.000 Peymt of Long-Term Debt 12.000 Proceeds from Sale of Land 35,000
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...
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
Net income 8,000 The following information pertains to Carolina Company: $ 65,000 Increase in accounts payable .... $ Depreciation expense 8,000 Acquisition of equipment Payment of dividends. 4,000 with cash.... Increase in accounts receivable 6,000 Sale of treasury stock.. Collection of long-term notes receivable 6,000 Payment of long-term debt.... Loss on sale of land. 15,000 Proceeds from sale of land. Decrease in inventories Under the indirect method, net cash provided by operating activities would be 22,000 1,000 16,000 38,000 1,000...
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...
1. Use the indirect method to determine the net cash provided by
operating activities for the year and prepare a statement of cash
flows for the year.
The following changes took place last year in Pavolik Company's balance sheet accounts: Liabilities and Stockholders' Equity Accounts Accounts payable Asset and Contra-Asset Accounts $ 35 D $ 39 I $ 88 D $ 34 I $ 36 D $ 620 I $ 127 I Cash and cash equivalents S107 I $ 39...
1.
Use
the indirect method and compute the net cash provided by operating
activities for the year 2014.
2. prepare a statement of cash flows for the year
2014.
3. compute the the free cash flow for the year 2014.
4. explain why cas declined so sharply during the year
2014.
Foxbore Company Income Statement For the Period January 1, 2014 through December 31, 2014 Sales Cost of Goods Sold Gross Margin Selling and Administrative Expenses Net Operating Income Gain...
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...
Most questions answered within 3 hours.
-
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 8 minutes ago -
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 9 minutes ago -
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 8 minutes ago -
Please Identify the Term "Determinism" in Psychology
asked 8 minutes ago -
The table below represents the number of republicans, democrats
and independent voting on a specific issue....
asked 13 minutes ago -
List and compare different forms of passive transport and active
transport.
asked 21 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 27 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 42 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 45 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 52 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 53 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 58 minutes ago