Does anyone know how to fix these mistakes?
Homework Answers
| Mistakes | Fix |
| Net cash used by Operating Activities | Net cash provided by Operating Activities |
| Net cash provided by investing Activities | Net cash used by investing Activities |
| Bank Loan Payable | Notes payable |
| Net profit less dividend | Retained earnings |
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Does anyone know how to fix these mistakes?
Operating Activities Net Cash Used by Operating Activities...
9.6/2015 Donalty Corporation opened for business on January 1, 2022. The following information is available with...
9.6/2015 Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55,000 $130,200 $51,000 $1,000 $25,000 $4,800 $4,000 $145,000 $78,500 The following information was also available for the year: Net cash used by operating activities was $50,200 Cash of $25,000 was paid...
- / 20 Question 4 of 4 Donalty Corporation Statement of Cash Flows Year Ended December...
- / 20 Question 4 of 4 Donalty Corporation Statement of Cash Flows Year Ended December 31, 2022 Operating Activities 50200 Net Cash Used by Operating Activities Investing Activities 25000 Purchase of Equipment 25000 Net Cash Used by Investing Activities Financing Activities Issue of Common Shares 51000 Borrowing of Bank Loan 55000 Payment of Dividend 1000 Net Cash Used by Financing Activities 105000 130200 Net Increase in Cash 0 Cash, January 1, 2022 o BI 99
Complete the cash flow from Operating Activities Additions to Net Income Decrease in accounts receivable Decrease...
Complete the cash flow from Operating Activities
Additions to Net Income Decrease in accounts receivable Decrease in inventory Decrease in prepaid assets Increase in accounts payable Increase in accrued liabilities Deductions from Net Income Increase in accounts receivable Increase in inventory Increase in prepaid assets Decrease in accounts payable Decrease in accrued liabilities 450 $300 Cash Flow From Operating Activities Net Income $110 Net Cash Provided by Operating Activities 2011 80 115 Cash Flows From Investing Activities Income Statement For...
The comparative statement of financial position for Crane Retailers Ltd. follows: CRANE RETAILERS LTD. Statement of...
The comparative statement of financial position for Crane Retailers Ltd. follows: CRANE RETAILERS LTD. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 0 $ 20,000 Accounts receivable 70,000 47,000 Inventory 217,000 166.000 Furniture 130,000 162,000 Accumulated depreciation (34,000) (42000) Total assets $ 383,000 $353,000 Liabilities and Shareholders' Equity Bank overdraft $ 6,000 $ 0 Accounts payable 62,000 42,000 Bank loan payable (noncurrent) 95.000 108,000 $ 6,000 $ Liabilities and Shareholders'Equity Bank overdraft Accounts payable Bank loan payable...
For the Year Ended December 31, 2020 Cash Flows from Operating Activities Adjustments to reconcile net...
For the Year Ended December 31, 2020 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Net cash flow from financing activities Cash at the beginning of the period Cash at the end of the period The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided...
Analyze the Cash Flows from Operating Activities identifying areas of strength and areas of concern: Analyze...
Analyze the Cash Flows from Operating
Activities identifying areas of strength and areas of
concern:
Analyze the Cash Flows from Investing
Activities identifying areas of strength and areas of
concern :
Analyze the Cash Flows from Financing
Activities identifying areas of strength and areas of
concern:
Provide a summary analysis. Explain how
strengths and concerns from operating activities could potentially
relate to investing and financing decisions:
Cash Flows from Operating Activities Net Income 478,000 Adjustments to reconcile net income to...
In 2020, Wildhorse Corporation had net cash provided by operating activities of $566,000, net cash used...
In 2020, Wildhorse Corporation had net cash provided by operating activities of $566,000, net cash used by investing activities of $1,025,000, and net cash provided by financing activities of $594,000. At January 1, 2020, the cash balance was $320,000. Compute December 31, 2020, cash. Cash, December 31, 2020 $
In 2020, Ivanhoe Corporation had net cash provided by operating activities of $486,000, net cash used...
In 2020, Ivanhoe Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $932,000, and net cash provided by financing activities of $559,000. At January 1, 2020, the cash balance was $300,000. Compute December 31, 2020, cash. Cash, December 31, 2020 s
please help me to fix this Return to question Exercise 16-9 Cash flows from financing activities...
please help me to fix this
Return to question Exercise 16-9 Cash flows from financing activities LO P3 5.55 points a. Net income was $35,000. b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value. e. Paid $12,000 cash to acquire its treasury stock. f. Purchased equipment for $39,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments to reconcile net income to net cash provided by operating activities: $13,277 Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 13,861 (7,295) (3,210) 4,815 21,448 107,529 Net cash provided by operating activities Cash flows from investing activities Sale of investments 4,523 Purchase of equipment (35,308) Net cash used by investing activities (30,785) Cash...
9.6/2015 Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55,000 $130,200 $51,000 $1,000 $25,000 $4,800 $4,000 $145,000 $78,500 The following information was also available for the year: Net cash used by operating activities was $50,200 Cash of $25,000 was paid...
- / 20 Question 4 of 4 Donalty Corporation Statement of Cash Flows Year Ended December 31, 2022 Operating Activities 50200 Net Cash Used by Operating Activities Investing Activities 25000 Purchase of Equipment 25000 Net Cash Used by Investing Activities Financing Activities Issue of Common Shares 51000 Borrowing of Bank Loan 55000 Payment of Dividend 1000 Net Cash Used by Financing Activities 105000 130200 Net Increase in Cash 0 Cash, January 1, 2022 o BI 99
Complete the cash flow from Operating Activities
Additions to Net Income Decrease in accounts receivable Decrease in inventory Decrease in prepaid assets Increase in accounts payable Increase in accrued liabilities Deductions from Net Income Increase in accounts receivable Increase in inventory Increase in prepaid assets Decrease in accounts payable Decrease in accrued liabilities 450 $300 Cash Flow From Operating Activities Net Income $110 Net Cash Provided by Operating Activities 2011 80 115 Cash Flows From Investing Activities Income Statement For...
The comparative statement of financial position for Crane Retailers Ltd. follows: CRANE RETAILERS LTD. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 0 $ 20,000 Accounts receivable 70,000 47,000 Inventory 217,000 166.000 Furniture 130,000 162,000 Accumulated depreciation (34,000) (42000) Total assets $ 383,000 $353,000 Liabilities and Shareholders' Equity Bank overdraft $ 6,000 $ 0 Accounts payable 62,000 42,000 Bank loan payable (noncurrent) 95.000 108,000 $ 6,000 $ Liabilities and Shareholders'Equity Bank overdraft Accounts payable Bank loan payable...
For the Year Ended December 31, 2020 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Net cash flow from financing activities Cash at the beginning of the period Cash at the end of the period The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided...
Analyze the Cash Flows from Operating
Activities identifying areas of strength and areas of
concern:
Analyze the Cash Flows from Investing
Activities identifying areas of strength and areas of
concern :
Analyze the Cash Flows from Financing
Activities identifying areas of strength and areas of
concern:
Provide a summary analysis. Explain how
strengths and concerns from operating activities could potentially
relate to investing and financing decisions:
Cash Flows from Operating Activities Net Income 478,000 Adjustments to reconcile net income to...
In 2020, Wildhorse Corporation had net cash provided by operating activities of $566,000, net cash used by investing activities of $1,025,000, and net cash provided by financing activities of $594,000. At January 1, 2020, the cash balance was $320,000. Compute December 31, 2020, cash. Cash, December 31, 2020 $
In 2020, Ivanhoe Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $932,000, and net cash provided by financing activities of $559,000. At January 1, 2020, the cash balance was $300,000. Compute December 31, 2020, cash. Cash, December 31, 2020 s
please help me to fix this
Return to question Exercise 16-9 Cash flows from financing activities LO P3 5.55 points a. Net income was $35,000. b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value. e. Paid $12,000 cash to acquire its treasury stock. f. Purchased equipment for $39,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments to reconcile net income to net cash provided by operating activities: $13,277 Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 13,861 (7,295) (3,210) 4,815 21,448 107,529 Net cash provided by operating activities Cash flows from investing activities Sale of investments 4,523 Purchase of equipment (35,308) Net cash used by investing activities (30,785) Cash...
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