Homework Answers
| Net income | $189,000 |
| Amortization expense | $68,000 |
| Increase in accounts receivable | $(24,000) |
| Increase in inventory | $(17,000) |
| Decrease in interest payable | $(8,000) |
| Cash flows from operating activities | $208,000 |
The answer is $208,000
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Tucson Restaurant has an accrual basis net income of $189,000 and the following related items: Amortization...
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Tu Company's financial statements show a net income of $378,000 in 2016. The following items also...
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Suppose Stuart Company has the following results related to cash flows for 2017: Net Income of $7,700,000 Decrease in Accounts Payable of $900,000 Decrease in Accounts Receivable of $300,000 Decrease in Debt of $600,000 Depreciation Expenses of $1,700,000 Dividends of $800,000 Increase in Inventory of $800,000 Purchases of Property, Plant, & Equipment of $7,500,000 Other Adjustments from Financing Activities of $300,000 Other Adjustments from Investing Activities of $300,000 Other Adjustments from Operating Activities of $600,000 Create a statement of cash...
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recent year.
Net income
$45,300
Dividends paid
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Increase in accounts receivable
12,940
Increase in accounts payable
8,170
Purchase of equipment (capital expenditure)
9,770
Depreciation expense
5,170
Issue of notes payable
24,180
Compute net cash provided by operating activities, the net change
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Wildcat Company has an accrual basis net income of $175,000 and the following related items: Depreciation expense $ 85,000 15,000 Accounts receivable decrease Inventory increase 24,000 18,000 Accounts payable increase How much is Wildcat's net cash flow from operating activities? $260,000 $269,000 $317,000 $251,000
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recent year.
Net income
$45,300
Dividends paid
6,800
Increase in accounts receivable
12,940
Increase in accounts payable
8,170
Purchase of equipment (capital expenditure)
9,770
Depreciation expense
5,170
Issue of notes payable
24,180
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in cash during the year. (Show amounts that decrease
cash flow with either a - sign e.g. -15,000 or in parenthesis e.g.
(15,000).)
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