Homework Answers
Option A would be the answer - An increase in inventory and shown as a negative number.
An increase in inveontory means an additional out flow of cash which will have an unfavourable impact on company's cash flow
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exam by clicking on the Question 4 3 pts Inventory was $125,000 at 12-31-19 and $100,000...
Question 1 3 pts Accounts payable were $170,000 at 12-31-19 and $140,000 at 12-31-18. This would...
Question 1 3 pts Accounts payable were $170,000 at 12-31-19 and $140,000 at 12-31-18. This would be shown in the operating activities section of the cash flow statement as: a decrease in accounts payable and shown as a negative number. a decrease in accounts payable and shown as a positive number. an increase in accounts payable and shown as a negative number. an increase in accounts payable and shown as a positive number.
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 Cash Accounts Receivable Merchandise Inventory Total Assets 2018 $45,000 48,000 180.000 $273,000 2017 Increase/(Decrease) $27,000 $18,000 45,000 3,000 132.000 48.000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A. addition to net income under the operating activities...
Question 6 3 pts The company paid off $150,000 in ten-year bonds payable that came due...
Question 6 3 pts The company paid off $150,000 in ten-year bonds payable that came due during the year. This transaction would be shown in the cash flow statement in the investing section as a negative number. the financing section as a negative number. the investing section as a positive number. O the financing section as a positive number
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the...
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Increase/(Decrease) Cash $45,000 $27,000 $18,000 Accounts Receivable 48,000 45,000 3,000 Merchandise Inventory 180,000 132.000 48 000 Total Assets $273,000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A negative cash flow under the investing activities...
Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $100,000 10,000 30,000 15,000...
Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $100,000 10,000 30,000 15,000 11. Based on the above information, what amount will the corporation report as Cash Provided by Operating Activities on the cash flow statement? A. $65,000 B. $125,000 C$155,000 D. $100,000 I Net Income Depreciation expense Gain on sale of truck Proceeds from sale of truck Decrease in accounts receivable $200,000 30,000 5,000 8,000 10,000 12. Assuming these are the only facts, what amount will...
ASU Home My ASU Colleges & Schools Map& Organizations Help QUESTION 17 Which items below would...
ASU Home My ASU Colleges & Schools Map& Organizations Help QUESTION 17 Which items below would result in net cash flow from operating activities being higher than net income? O Decrease in accounts payable and increase in prepaid expenses. O Decrease in accrued liabilities and increase in inventory. O Increase in accrued liabilities and increase in inventory. O Increase in accounts payable and decrease in accounts receivable. QUESTION 18 Which items below would result in net cash flow from operating...
Information for XYZ Co. Account Description December 31, 2017 December 31, 2016 Asset...
Information for XYZ Co. Account Description December 31, 2017 December 31, 2016 Assets Cash and Cash Equivalents 45,000 13,000 Accounts Receivable 91,000 88,000 Equipment 139,000 22,000 Accum. Deprec. – Equipment (17,000) (11,000) Total 258,000 112,000 Liabilities & Stockholders’ Equity Accounts Payable 20,000 15,000 Bonds Payable 100,000 0 Common Stock 100,000 80,000 Retained Earnings 38,000 17,000 Total 258,000 112,000 Additional Information (A) – Net income for 2017 was $44,000. (B) – New equipment was purchased in 2017 but not was sold...
The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 4 2 pts Net Income for A company is $100,000. The company had $14,000 in depreciation expense, a loss on the sale of Equipment of $1,000, an increase in accounts payable of $7,000, a decrease in accounts receivable of $5,000, an increase in inventory of $6,000, and a decrease in unearned revenue of $2,000 Fill out the Cash Flow Statement below. Note that...
Outdoor Paints Company uses the direct method for preparing its statement of cash flow. Outdoor reports...
Outdoor Paints Company uses the direct method for preparing its statement of cash flow. Outdoor reports the following information regarding 2019. From the income statement: Sales Revenues, $270,000 Cost of Goods Sold, $213,000 Operating Expenses, $31,000 From the balance sheet: Beginning Balance $15,000 24,200 Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities Ending Balance $18,200 18,300 13,800 1,600 6,900 4,700 O A. $35,700 OB. $31,000 OC. $34,100 OD. $29.400 Oregon Company is preparing its satement of cash flows using the...
As of December 31, 2013 1000 49,000 91000 Accounts Payable Accounts Receivable 44,000 Debt Inventory 48,000...
As of December 31, 2013 1000 49,000 91000 Accounts Payable Accounts Receivable 44,000 Debt Inventory 48,000 Other Lisbites Property Plan 234000 Total Liabilities Eument Gross Accumulated Depreciation 78,000 Paid in Capital Property Plant & Equipment, Net 156,000 Retained Earnings 26,000 Total Equity Total Assets 365,000 Total Liabilities & Equity 60000 247 000 316,000 365,000 HUAWEI 7,200 2.000 (100) 1,000 600 Siam Traders Statement of Cash Flows January 1 to March 31, 2016 amounts in thousands Net Income Depreciation Decrease increase...
Question 1 3 pts Accounts payable were $170,000 at 12-31-19 and $140,000 at 12-31-18. This would be shown in the operating activities section of the cash flow statement as: a decrease in accounts payable and shown as a negative number. a decrease in accounts payable and shown as a positive number. an increase in accounts payable and shown as a negative number. an increase in accounts payable and shown as a positive number.
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 Cash Accounts Receivable Merchandise Inventory Total Assets 2018 $45,000 48,000 180.000 $273,000 2017 Increase/(Decrease) $27,000 $18,000 45,000 3,000 132.000 48.000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A. addition to net income under the operating activities...
Question 6 3 pts The company paid off $150,000 in ten-year bonds payable that came due during the year. This transaction would be shown in the cash flow statement in the investing section as a negative number. the financing section as a negative number. the investing section as a positive number. O the financing section as a positive number
Utah Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Utah Corp Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Increase/(Decrease) Cash $45,000 $27,000 $18,000 Accounts Receivable 48,000 45,000 3,000 Merchandise Inventory 180,000 132.000 48 000 Total Assets $273,000 $204,000 $69,000 How will the change in Merchandise Inventory be shown on the statement of cash flows? O A negative cash flow under the investing activities...
Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $100,000 10,000 30,000 15,000 11. Based on the above information, what amount will the corporation report as Cash Provided by Operating Activities on the cash flow statement? A. $65,000 B. $125,000 C$155,000 D. $100,000 I Net Income Depreciation expense Gain on sale of truck Proceeds from sale of truck Decrease in accounts receivable $200,000 30,000 5,000 8,000 10,000 12. Assuming these are the only facts, what amount will...
ASU Home My ASU Colleges & Schools Map& Organizations Help QUESTION 17 Which items below would result in net cash flow from operating activities being higher than net income? O Decrease in accounts payable and increase in prepaid expenses. O Decrease in accrued liabilities and increase in inventory. O Increase in accrued liabilities and increase in inventory. O Increase in accounts payable and decrease in accounts receivable. QUESTION 18 Which items below would result in net cash flow from operating...
The first image is the original question, the rest are the
answer choices for each box.
Question 4 2 pts Net Income for A company is $100,000. The company had $14,000 in depreciation expense, a loss on the sale of Equipment of $1,000, an increase in accounts payable of $7,000, a decrease in accounts receivable of $5,000, an increase in inventory of $6,000, and a decrease in unearned revenue of $2,000 Fill out the Cash Flow Statement below. Note that...
Outdoor Paints Company uses the direct method for preparing its statement of cash flow. Outdoor reports the following information regarding 2019. From the income statement: Sales Revenues, $270,000 Cost of Goods Sold, $213,000 Operating Expenses, $31,000 From the balance sheet: Beginning Balance $15,000 24,200 Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities Ending Balance $18,200 18,300 13,800 1,600 6,900 4,700 O A. $35,700 OB. $31,000 OC. $34,100 OD. $29.400 Oregon Company is preparing its satement of cash flows using the...
As of December 31, 2013 1000 49,000 91000 Accounts Payable Accounts Receivable 44,000 Debt Inventory 48,000 Other Lisbites Property Plan 234000 Total Liabilities Eument Gross Accumulated Depreciation 78,000 Paid in Capital Property Plant & Equipment, Net 156,000 Retained Earnings 26,000 Total Equity Total Assets 365,000 Total Liabilities & Equity 60000 247 000 316,000 365,000 HUAWEI 7,200 2.000 (100) 1,000 600 Siam Traders Statement of Cash Flows January 1 to March 31, 2016 amounts in thousands Net Income Depreciation Decrease increase...
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