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Multiple Choice Question 129 Pharoah Company had net income of $1103600 for the year ending 12/31/2022....
Sheffield Corp. had net income of $943400 for the year ending 12/31/2022. Depreciation expense for 2022...
Sheffield Corp. had net income of $943400 for the year ending 12/31/2022. Depreciation expense for 2022 is $116600. During the year, accounts receivable and inventory increased $63600 and $169600, respectively. Prepaid expenses and accounts payable decreased $8480 and $16960, respectively. There was also a loss on the sale of equipment of $12720. How much cash was provided by operating activities in 2022? $1195680. $805600. $831040. $1144800. 1-2-9
Multiple Choice Question 129 The net income reported on the income statement for the current year...
Multiple Choice Question 129 The net income reported on the income statement for the current year was $561000. Depreciation recorded on plant assets was $84000. Accounts receivable and inventories increased by $44000 and $18000, respectively. Prepaid expenses and accounts payable decreased by $2000 and $35000, respectively. How much cash was provided by operating activities? O $550000. $510000 O $740000 O $528000
Stels 12 & 13 1 Savod Help Save & Exit Su A company had net income...
Stels 12 & 13 1 Savod Help Save & Exit Su A company had net income of $230,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was a loss on the sale of equipment of $3,000. How much is net cash flows from operating activities? Multiple Choice $276,000 $288.000 $202.000 $195.000 < Prey 3 of 308 Next > e O ID...
A company had net income of $270,570. Depreciation expense is $28,043. During the year, Accounts Receivable...
A company had net income of $270,570. Depreciation expense is $28,043. During the year, Accounts Receivable and Inventory increased by $14,911 and $25,253, respectively. Prepaid Expenses and Accounts Payable decreased by $2,897 and $7,801, respectively. There was also a loss on the sale of equipment of $7,725. How much cash was provided by operating activities?
A company had net income of $293280. Depreciation expense is $27040. During the year, accounts receivable...
A company had net income of $293280. Depreciation expense is $27040. During the year, accounts receivable and inventory increased $15600 and $41600, respectively. Prepaid expenses and accounts payable decreased $2080 and $14560, respectively. There was also a loss on the sale of equipment of $17680. How much cash was provided by operating activities? $250640. $330720. $352560. $268320 1-3-0
1-3-0 A company had net income of $293280. Depreciation expense is $27040. During the year, accounts...
1-3-0 A company had net income of $293280. Depreciation expense is $27040. During the year, accounts receivable and inventory increased $15600 and $41600, respectively. Prepaid expenses and accounts payable decreased $2080 and $14560, respectively. There was also a loss on the sale of equipment of $17680. How much cash was provided by operating activities? $250640. $330720. $352560. $268320.
A company had net income of $261,141. Depreciation expense was $29,049. During the year, accounts receivable...
A company had net income of $261,141. Depreciation expense was $29,049. During the year, accounts receivable and inventory increased by $17,501 and $29,698, respectively. Prepaid expenses and accounts payable decreased by $2,453 and $5,792, respectively. There was also a loss on the sale of equipment of $7,253. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method? a. $232,399 b. $246,905 c. $297,443 O d. $288,585
Multiple Choice Question 127 A company had net income of $236 . Depreciation dense is $21840....
Multiple Choice Question 127 A company had net income of $236 . Depreciation dense is $21840. During the year, accounts receivable and inventory increased $12600 and $33600, $1680 and 511750, respectively. There was also a loss on the sale of equpment of S14280. How much cash was provided by operating activities? 5267120 0216720 34750 $20240 Click If you would like to show Work for this question:
Pharoah Company reported the following information for 2022. Pharoah Company Comparative Balance Sheets December 31 Assets...
Pharoah Company reported the following information for 2022. Pharoah Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $41,300 $25,200 43,400 15,400 Accounts receivable Inventory Prepaid expenses Change Increase/Decrease $16,100 Increase 28,000 Increase 30,800 Increase 1,400 Increase 10,500 Decrease 30,800 -0- 4,200 2,800 Land 38,500 49,000 140,000 140,000 -0- (14,700) (9,800) Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 128,100 47,600 4,900 Increase 80,500 Increase 12,600 Increase (19,600) (7.000) $392,000 $263,200 Totals $30,100 $28,000 0 7,000 Liabilities and Stockholders' Equity Accounts...
Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable...
Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable 193,160 83,600 Inventory 247,500 226,270 Prepaid expenses 62,480 57,200 Long-term investments 303,600 239,800 Plant assets 627,000 533,500 Accumulated depreciation (110,000) (114,400 ) Total $1,501,500 $1,132,450 Liabilities and Stockholders' Equity Accounts payable $ 224,400 $ 148,060 Accrued expenses payable 36,300 46,200 Bonds payable 242,000 300 321,200 000 Common stock 484,000 385,000 Retained earnings 514,800 231,990 Total $1,501,500 $1,132,450 Pharoah Company Income Statement Data For the...
Multiple Choice Question 129 The net income reported on the income statement for the current year was $561000. Depreciation recorded on plant assets was $84000. Accounts receivable and inventories increased by $44000 and $18000, respectively. Prepaid expenses and accounts payable decreased by $2000 and $35000, respectively. How much cash was provided by operating activities? O $550000. $510000 O $740000 O $528000
Stels 12 & 13 1 Savod Help Save & Exit Su A company had net income of $230,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was a loss on the sale of equipment of $3,000. How much is net cash flows from operating activities? Multiple Choice $276,000 $288.000 $202.000 $195.000 < Prey 3 of 308 Next > e O ID...
A company had net income of $261,141. Depreciation expense was $29,049. During the year, accounts receivable and inventory increased by $17,501 and $29,698, respectively. Prepaid expenses and accounts payable decreased by $2,453 and $5,792, respectively. There was also a loss on the sale of equipment of $7,253. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method? a. $232,399 b. $246,905 c. $297,443 O d. $288,585
Multiple Choice Question 127 A company had net income of $236 . Depreciation dense is $21840. During the year, accounts receivable and inventory increased $12600 and $33600, $1680 and 511750, respectively. There was also a loss on the sale of equpment of S14280. How much cash was provided by operating activities? 5267120 0216720 34750 $20240 Click If you would like to show Work for this question:
Pharoah Company reported the following information for 2022. Pharoah Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $41,300 $25,200 43,400 15,400 Accounts receivable Inventory Prepaid expenses Change Increase/Decrease $16,100 Increase 28,000 Increase 30,800 Increase 1,400 Increase 10,500 Decrease 30,800 -0- 4,200 2,800 Land 38,500 49,000 140,000 140,000 -0- (14,700) (9,800) Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 128,100 47,600 4,900 Increase 80,500 Increase 12,600 Increase (19,600) (7.000) $392,000 $263,200 Totals $30,100 $28,000 0 7,000 Liabilities and Stockholders' Equity Accounts...
Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable 193,160 83,600 Inventory 247,500 226,270 Prepaid expenses 62,480 57,200 Long-term investments 303,600 239,800 Plant assets 627,000 533,500 Accumulated depreciation (110,000) (114,400 ) Total $1,501,500 $1,132,450 Liabilities and Stockholders' Equity Accounts payable $ 224,400 $ 148,060 Accrued expenses payable 36,300 46,200 Bonds payable 242,000 300 321,200 000 Common stock 484,000 385,000 Retained earnings 514,800 231,990 Total $1,501,500 $1,132,450 Pharoah Company Income Statement Data For the...
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