Net income | $396,200 |
Depreciation expense | 61,250 |
Loss on disposal of equipment | 27,600 |
Increase in accounts receivable | -$9,000 |
Increase in accounts payable | 3,350 |
net cash provided by operating activities=$ 479,400.
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense...
Cash Flows from Operating Activities—Indirect Method Staley Inc. reported the following data: Net income $408,300 Depreciation expense 62,300 Loss on disposal of equipment 20,100 Increase in accounts receivable 28,700 Increase in accounts payable 11,800 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating...
Cash Flows from Operating Activities—Indirect Method Staley Inc. reported the following data: Net income $273,200 Depreciation expense 51,900 Loss on disposal of equipment 31,500 Increase in accounts receivable 11,200 Increase in accounts payable 11,400 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from...
3 Cash Flows from Operating Activities ---Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable $396, 200 61,250 27,600 9,000 3,350 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments decreases in cash, or any negative adjustments. Staley Inc.
Help ASAP please!! Cash Flows from Operating Activities-indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable $465,400 68,100 29,900 21,700 Increase in accounts payable 12,700 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial)...
Staley Inc. reported the following data: Net income $321,800 Depreciation expense 50,400 Loss on disposal of equipment 21,400 Increase in accounts receivable 14,800 Increase in accounts payable 12,600 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: $ Adjustments to reconcile net...
Staley Inc. reported the following data: Net income $250,800 Depreciation expense 74,900 Loss on disposal of equipment 20,700 Increase in accounts receivable 11,000 Increase in accounts payable 10,300 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: $ Adjustments to reconcile net...
Page 1 of 2 Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $185,000 recorded on equipment and a building amounted to $96,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: . Depreciation End of Year Beginning of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable s75,900 84,550 186,200...
Cash Flows from Operating Activities-Indirect Method Operating Activities Indirect Method The net income reported on the income statement for the current year was $146,300. Depreciation recorded on store equipment for the year amounted to $24,100. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $56,760 $52,220 Accounts receivable (net) 40,700 38,590 Merchandise inventory 55,570 58,750 6,240 4,960 Prepaid expenses Accounts payable (merchandise...
cash flows from operating activities - indirect method the net income reported Cash Flows from Operating Activities - Indirect Method The net income reported on the income statement for the current year was $116,900. Depreciation recorded on store equipment for the year amounted to $19,300. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $47,810 $43,510 34,280 32,150 48,950 Accounts receivable (net)...
Help ASAP pleasee!! Common stock transactions on the statement of cash flows Jones Industries received $800,000 from issuing shares of its common stock and $700,000 from issuing bonds. During the year, Jones Industries also paid dividends of $90,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the...