Homework Answers
| 1) | Free cash flow | ||||||
| 225-90-47 | |||||||
| 88 | answer | ||||||
| 2) | Cash flows from operating activities | ||||||
| net income | 47,000 | ||||||
| Adjustments to reconcile net income | |||||||
| Depreciation expense | 10,000 | ||||||
| increase in accounts receivable | -4,700 | ||||||
| decrease in inventory | 3,100 | ||||||
| Decrease in accounts payable | -2,600 | ||||||
| Cash flows from operating activities | 52,800 | answr | |||||
| 3) | Cash flows from operating activities | ||||||
| net income | 177,000 | ||||||
| Adjustments to reconcile net income | |||||||
| Depreciation expense | 5,500 | ||||||
| Decrease in accounts receivable | 26,500 | ||||||
| increase in accounts payable | 13,500 | ||||||
| Cash flows from operating activities | 222,500 | ||||||
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Frankin Corporation's net cash provided by operating activities was $225; its capital expenditures were $90; and its ca...
Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section...
Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Cash Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Ending Beginning Balance Balance $ 93,800 $ 112,450 75,600 81,400 101,500 92,500 270,000 259,000 (90,000) (64,750) Total assets $ 450,900 $ 480,600 $ Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 59,200 $ 105,200 46,000...
Frankin Corporation's net cash provided by operating activities was $155; its capital expenditures were $74; and...
Frankin Corporation's net cash provided by operating activities was $155; its capital expenditures were $74; and its cash dividends were $33. The company's free cash flow was: Multiple Choice $81 O O $122 $48 O O $262
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Sovet Frankin Corporation's net cash provided by operating activities was $165. its capital expenditures were $77,...
Sovet Frankin Corporation's net cash provided by operating activities was $165. its capital expenditures were $77, and its cash dividends were $35. The company's free cash flow was Multiple Choice $130 O $53 $ 88 O $277
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E 4-15 Indirect method; reconciliation of net income to net cash flows from operating activities L04-8...
E 4-15 Indirect method; reconciliation of net income to net cash flows from operating activities L04-8 The accounting records of Hampton Company provided the data below (S in thousands). $ 17.300 Net income Depreciation expense Increase in accounts receivable 7.800 4.000 5.500 Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable 1.200 2,700 800 Required: Prepare a reconciliation of net income to net cash flows from operating activities.
Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities....
Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net Income for the 2021 fiscal year was $704,000. Depreciation and amortization expense of $83,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: look Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in salaries payable Decrease in income taxes payable $38,000 10.800 10,100 11,600 14,000...
Curwen Inc. reported net cash flow from operating activities of $201,300 on its statement of cash...
Curwen Inc. reported net cash flow from operating activities of $201,300 on its statement of cash flows for the year ended December 31. The following information was reported in the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method: Decrease in income taxes payable $4,600 Decrease in inventories 11,500 Depreciation 17,700 Gain on sale of investments 8,000 Increase in accounts payable 3,200 Increase in prepaid expenses 1,900 Increase in accounts receivable 8,700 a....
Determining Net Cash Flow from Operating Activities An analysis of the balance sheet and income statement...
Determining Net Cash Flow from Operating Activities An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income, $12,750; depreciation expense, $32,600; decrease in accounts receivable, $21,500; increase in inventory, $18,300; increase in accounts payable, $19,800; and decrease in interest payable of $1,200. Required: Compute the net cash flows from operating activities using the indirect method
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow...
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow from operating activities of
$196,600 on its statement of cash flows for the year ended December
31. The following information was reported in the Cash Flows from
Operating Activities section of the statement of cash flows, using
the indirect method:
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow from operating activities of $196,600 on its statement...
Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Cash Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Ending Beginning Balance Balance $ 93,800 $ 112,450 75,600 81,400 101,500 92,500 270,000 259,000 (90,000) (64,750) Total assets $ 450,900 $ 480,600 $ Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 59,200 $ 105,200 46,000...
Frankin Corporation's net cash provided by operating activities was $155; its capital expenditures were $74; and its cash dividends were $33. The company's free cash flow was: Multiple Choice $81 O O $122 $48 O O $262
Reporting Net Cash Flow from Operating Activities The following information is available for Cornelius Inc.: Amount Selected Income Statement Information Net income $37,590 Depreciation expense 8,900 Selected Balance Sheet Information Beginning Balance Ending Balance Accounts receivable $21,200 $27,950 Inventory 45,800 40,125 Accounts payable 23,700 32,600 uido Prepare the net cash flows from operating activities using the indirect method. Cornelius Inc. Net Cash Flows from Operating Activities Using Indirect Method Cash flows from operating activities: Net income 37590 Adjustments to reconcile...
Sovet Frankin Corporation's net cash provided by operating activities was $165. its capital expenditures were $77, and its cash dividends were $35. The company's free cash flow was Multiple Choice $130 O $53 $ 88 O $277
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E 4-15 Indirect method; reconciliation of net income to net cash flows from operating activities L04-8 The accounting records of Hampton Company provided the data below (S in thousands). $ 17.300 Net income Depreciation expense Increase in accounts receivable 7.800 4.000 5.500 Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable 1.200 2,700 800 Required: Prepare a reconciliation of net income to net cash flows from operating activities.
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Determining Net Income from Net Cash Flow from Operating
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Curwen Inc. reported net cash flow from operating activities of
$196,600 on its statement of cash flows for the year ended December
31. The following information was reported in the Cash Flows from
Operating Activities section of the statement of cash flows, using
the indirect method:
Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flow from operating activities of $196,600 on its statement...
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