3 Apex Company prepared the statement or casn Tiows for the current year that is snown...
Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing...
Check my work Exercise 14-3 Calculating Free Cash Flow (LO14-3] Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 $ 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income...
Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows—Indirect Method Operating activities: Net income $ 40,600 Adjustments to convert net income to cash basis: Depreciation $ 20,500 Increase in accounts receivable (60,100 ) Increase in inventory (26,300 ) Decrease in prepaid expenses 9,700 Increase in accounts payable 54,200 Decrease in accrued liabilities (11,600 ) Increase in income taxes payable 3,500 (10,100 ) Net cash provided by (used...
Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows—Indirect Method Operating activities: Net income $ 41,500 Adjustments to convert net income to cash basis: Depreciation $ 20,600 Increase in accounts receivable (60,200 ) Increase in inventory (26,000 ) Decrease in prepaid expenses 10,400 Increase in accounts payable 53,400 Decrease in accrued liabilities (10,600 ) Increase in income taxes payable 4,900 (7,500 ) Net cash provided by (used...
Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows—Indirect Method Operating activities: Net income $ 41,500 Adjustments to convert net income to cash basis: Depreciation $ 21,300 Increase in accounts receivable (61,300 ) Increase in inventory (25,900 ) Decrease in prepaid expenses 9,600 Increase in accounts payable 53,300 Decrease in accrued liabilities (11,000 ) Increase in income taxes payable 4,600 (9,400 ) Net cash provided by (used...
Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: s 40, 600 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable $ 21,700 (61,200) (25,100) 10,800 53,200 (11,600) 3,600 (8,600) Net cash provided by (used in) operating activities...
Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,300 $ 20,300 (60,900) (25, 800) 10,900 54,200 (11,800) 4,700 (8,400) 31,900 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating...
Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,300 $ 20,000 (61,100) (26,500) 9,200 54,000 (10,700) 4,700 (10,400) 29,900 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities...
value: 10.00 points Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect Method Operating activities Net income $ 42,000 Adjustments to convert net income to cash basis $ 21,200 (61,100) (25,400) Depreciation Increase in accounts receivable Increase in inventory 10,900 53,600 (11,000) Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable 5,000 (6,800) 35,200 Net cash provided by operating...
Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $72,800 $33,200 Accounts receivable 86,500 70,700 Inventory 170,200 187,000 Land 72,700 100,700 Equipment 260,700 200,600 Accumulated depreciation—equipment (65,700 ) (33,500 ) Total $597,200 $558,700 Liabilities and Stockholders’ Equity Accounts payable $35,400 $46,500 Bonds payable 149,800 203,300 Common stock ($1 par) 218,000 173,000 Retained earnings 194,000 135,900 Total $597,200 $558,700 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends...