Net income $100,000; Depreciation expense $10,000; Net increase in accounts: receivable $5,000; Net increase in accounts:...
Net income $100,000; Depreciation expense $10,000; Net increase in accounts: receivable $5,000; Net increase in accounts: payable $3,000; On the basis of the information provided in the table above for a corporation, the corporation’s net cash flow from operating activities for the current year is what?
Homework Answers
| Particulars | Amount |
| Net Profit | 100000 |
| Add: Non Cash Expense ( Depreciation | 10000 |
| Less: Increase in accounts receivable | -5000 |
| Add: Increase in accounts payable | 3000 |
| Net Cash Flow from operating activities | 108000 |
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Net income $100,000; Depreciation expense $10,000; Net increase
in accounts: receivable $5,000; Net increase in accounts:...
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...
Net Income for A company is $100,000. The company had $14,000 in depreciation expense, a loss...
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 $XX represents an addition an ($XX) represents a subtraction. A Company Cash Flow Statement Cash Flow from Operating Activities Net...
* Net income = $10,000 * Depreciation expense =$4,000 * Decrease in accounts payable = $1,500...
* Net income = $10,000 * Depreciation expense =$4,000 * Decrease in accounts payable = $1,500 * Increase in bonds payable = = $9,000 * Sales of long-term investment = $8,000 * Purchase of plant and equipment = $2,000 * Sales of common stock for cash = $7,700 * Increase in inventory = $8,000 * Paid off bonds payable = $2,200 * Decrease in accounts receivable = $5,000 Required: a) The net cash provided by operating activities would be: b)...
Net Income for A company is $100,000. The company had $14,000 in depreciation expense, a loss...
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 $XX represents an addition an ($XX) represents a subtraction. A Company Cash Flow Statement Cash Flow from Operating Activities Net...
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost...
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost of Goods Sold Decrease in Inventory Increase in equipment Increase in accounts payable Increase in bonds payable Depreciation expense Increase in Common Stock Increase/(Decrease) In retained earnings ($5,000) 4,000 5,000 -3,000 10,000 1,000 20.000 5,000 3,000 ($5,000) Use the following information to calculate financing cash flows: Net Income (LOSS) ($4,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000...
$ 43,000 6,000 Income Statement: Net Income Depreciation Expense Balance Sheet: Increase in Accounts Receivable Decrease...
$ 43,000 6,000 Income Statement: Net Income Depreciation Expense Balance Sheet: Increase in Accounts Receivable Decrease in Accounts Payable 6,000 2,000 Compute DVR's net cash provided by operating activities-indirect method. Complete the partial Statement of Cash Flows. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) DVR Equipment, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash...
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash...
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities $13,500 6,000 4,500 9,000 33,000 22,500 43.500 135,000 90,000 52,500 25,500 43,500 6,000 19,500...
Ocean Pines Company had net income $450,000. They also had depreciation expense of $100,000, an increase...
Ocean Pines Company had net income $450,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $-40,000, and an increase or (decrease) in inventory of $-5,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or...
Telfer, Inc. reported net income of $2.6 million in 2020. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200.
Telfer, Inc. reported net income of $2.6 million in 2020. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200.Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Telfer, Inc.Statement of Cash Flows-Indirect Approach For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020 Cash at Beginning of PeriodCash at End of PeriodCash Flows...
$ Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease)...
$ Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix 5,500 41,300 55,100 (27,600) 33,100 (60,700) Dots $ 138,000 11,000 27,500 (13,800) (30,400) 16,600 Skor $ 99,600 33,200 (5,500) 13,800 19,300 (11,000) For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Dots 138,000 Skor 99,600 $ $ Cash Flows from Operating Activities (Indirect)+ I...
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...
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 $XX represents an addition an ($XX) represents a subtraction. A Company Cash Flow Statement Cash Flow from Operating Activities Net...
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost of Goods Sold Decrease in Inventory Increase in equipment Increase in accounts payable Increase in bonds payable Depreciation expense Increase in Common Stock Increase/(Decrease) In retained earnings ($5,000) 4,000 5,000 -3,000 10,000 1,000 20.000 5,000 3,000 ($5,000) Use the following information to calculate financing cash flows: Net Income (LOSS) ($4,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000...
$ 43,000 6,000 Income Statement: Net Income Depreciation Expense Balance Sheet: Increase in Accounts Receivable Decrease in Accounts Payable 6,000 2,000 Compute DVR's net cash provided by operating activities-indirect method. Complete the partial Statement of Cash Flows. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) DVR Equipment, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash...
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities $13,500 6,000 4,500 9,000 33,000 22,500 43.500 135,000 90,000 52,500 25,500 43,500 6,000 19,500...
Telfer, Inc. reported net income of $2.6 million in 2020. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200.Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Telfer, Inc.Statement of Cash Flows-Indirect Approach For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020 Cash at Beginning of PeriodCash at End of PeriodCash Flows...
$ Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix 5,500 41,300 55,100 (27,600) 33,100 (60,700) Dots $ 138,000 11,000 27,500 (13,800) (30,400) 16,600 Skor $ 99,600 33,200 (5,500) 13,800 19,300 (11,000) For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Dots 138,000 Skor 99,600 $ $ Cash Flows from Operating Activities (Indirect)+ I...
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