Ma3. Please give only typed answer. Accounts receivable increased by 2,000 Inventory decreased by 16,000 Supplies increased by 27,000 Accounts payable increased by 33,000 Unearned revenue decreased by 48,000 The company purchased land using cash for 112,000 The company sold equipment and received cash of 101,000 The company sold stock receiving cash of 77,000 The company paid cash dividends of 66,000 The company had net income of 100,000 What is cash flow from investing activities? Your Answer:

Ma3. Please give only typed answer. Accounts receivable increased by 2,000 Inventory decreased by 16,000 Supplies increased by 27,000 Accounts payable increased by 33,000 Unearned revenue decreased by 48,000 The company purchased land using cash for 112,000 The company sold equipment and received cash of 101,000 The company sold stock receiving cash of 77,000 The company paid cash dividends of 66,000 The company had net income of 100,000 What is cash flow from investing activities? Your Answer:

Name: Ma3.Please give only typed answer.Accounts receivable increased by 2,0
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Description: Ma3.Please give only typed answer.Accounts receivable increased by 2,000 Inventory decreased by 16,000 Supplies increased by 27,000 Accounts payable increased by 33,000 Unearned revenue decreased by 48,000 The company purchased land using cash for 11

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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Hassan Corporation reports the following information: Net income OMR 500,000 Depreciation expense 140,000 Decrease in accounts receivable 60,000 Hasaan should report cash provided by operating activities of Select one: O a. OMR 300,000. O b. OMR 580,000. c. OMR 420,000. d. OMR 700,000.
Deity Company had sales of P30,000, increase in accounts payable of P5,000, decrease in accounts receivable of P4,000, increase in inventories of P4,000, and depreciation expense of P4,000. What was the cash collected from customers? * a. P31,000 b. P35,000 c. P34,000 d.P25,000
Smoltz Company reported the following information for the current year: cost of goods sold, $252,500; increase in inventory, $21,700; and increase in accounts payable, $12,200. What is the amount of cash paid to suppliers that Smoltz would report on its statement of cash flows under the direct method? a. $218,600 c. $262,000 b. $243,000 d. $286,400
To demonstrate the difference between cash account activity and accrual basis profits (net income), note the amount each transaction affects cash and the amount each transaction affects net income. A. issued stock for cash $20,000 B. purchased supplies inventory on account $1,800 C. paid employee salaries; assume it was current days expenses $950 D. paid note payment to bank (principal only) $1,200 E. collected balance on accounts receivable $4,750
Balance Sheet Data Income Statement Data Cash $900,000 Accounts payable $1,080,000 Sales $18,000,000 Accounts receivable 1,800,000 Accruals 360,000 Cost of goods sold 10,800,000 Inventory 2,700,000 Notes payable 1,440,000 Gross profit 7,200,000 Current assets 5,400,000 Current liabilities 2,880,000 Operating expenses 4,500,000 Long-term debt 5,310,000 EBIT 2,700,000 Total liabilities 8,190,000 Interest expense 810,000 Common stock 1,102,500 EBT 1,890,000 Net fixed assets 7,200,000 Retained earnings 3,307,500 Taxes 472,500 Total equity 4,410,000 Net income $1,417,500 Total assets $12,600,000 Total debt and equity $12,600,000 Now, let’s see your notes with your ratios, and then we can talk about possible strategies that will improve the ratios. I’m going to check the box to the side of your calculated value if your calculation is correct and leave it unchecked if your calculation is incorrect. Pavo Media Systems Inc.…
Harding Corporation reports the following information: Net income $530,000 Depreciation expense 140,000 Increase in accounts receivable 60,000 Harding should report cash provided by operating activities of $330,000. $450,000. $610,000. $730,000.
Based on the income statement below, what is the company's operating cash flow? Sales $85,250 Costs 48,200 Dep Expense 12,550 EBIT 24,500 Int Expense 5,926 EBT 18,574 Taxes 3,901 Net Income 14,673 $18,574 O$20,599 $15,851 O $33,247 $33,149
Assume a company had net income of $62,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable $ 41,000 $ 46,000 Inventory $ 57,000 $ 53,000 Current liabilities: Accounts payable $ 42,000 $ 49,000 Income taxes payable $ 14,000 $ 14,000 The company sold a piece of equipment for cash proceeds of $25,000. The original cost of the asset was $85,000 and its accumulated depreciation at the time of sale was $65,000. The company’s accumulated depreciation account has beginning and ending balances of $320,000 and $280,000, respectively. Based solely on the information provided, the net cash provided by operating activities would be: Multiple Choice $71,000. $73,000. $83,000. $76,000.
Assume a company had net income of $60,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: $ 41,000 $ 57,000 $ 46,000 $ 53,000 Accounts receivable Inventory Current liabilities: $ 42,000 $ 14,000 $ 49,000 $ 14,000 Accounts payable Income taxes payable The company sold a piece of equipment for cash proceeds of $25,000. The original cost of the asset was $85,000 and its accumulated depreciation at the time of sale was $65,000. The company's accumulated depreciation account has beginning and ending balances of $320,000 and $280,000, respectively. Based solely on the information provided, the net cash provided by operating activities would be:
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According to the information given in the table below, which of the following is cash flow from operating activities? Net income 101,000 Deprecation 35,000 Decrease in Accounts Receivable 22,000 Increase in Inventory 14,000 Decrease in Accounts Payable 23,000
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