Question
In: Accounting
11 Cash provided by operating activities Select one: a. may be larger than net income. b....
11 Cash provided by operating activities Select one: a. may be larger than net income. b. summarizes cash flows relating to the purchase and sale of long-lived assets. c. equals the change in cash for the year d. decreases when long-term debt is repaid
Solutions
ekkarill92 answered 8 months agoRelated Solutions
Net cash provided by Operating activities
Please calculate the Net cash provided by Operating activities:
A. Calculate net cash provided by operating activities B. Calculate investing activities C. Calculate financing activities...
A. Calculate net cash provided by operating activities
B. Calculate investing activities
C. Calculate financing activities
i. equipment bought for 97000, paid in cash
ii. securities sold at cost
iii. equipment sold for 15500, the original price when bought
was 47000. The profit was 8750.
iv. dividends of the year was 83400
Balance sheet
2015
2014
Assets
Cash
82700
47250
Accounts receivable
90800
57000
Inventory
126900
102650
Investments
84500
87000
Equipment
255000
205000
Accumulated depreciation
(49500)
(40000)
Total
590400
458900...
Question: What is the net cash provided by operating activities? Assets Cash  
Question: What is the net cash provided by operating
activities?
Assets
Cash
$500,000
Accounts
Receivable
700,000
Inventory
300,000
Property, Plant & Equipment
900,000
Accumulated Depreciation
(100,000)
Total
Assets
$2,300,000
Liabilities & Equity
Accounts
Payable
$300,000
Notes
Payable
1,000,000
Common
Stock
500,000
Retained
Earnings
500,000
Total Liabilities &
Equity
$2,300,000
Journal Entries for January 2013
Transaction 1: Sales Return
The buyer returns merchandise to...
Cash Flows from Operating Activities Net Income $ 539,000 Adjustments to reconcile net income to net...
Cash Flows from
Operating Activities
Net Income
$ 539,000
Adjustments to reconcile net income to net cash from
operating activities:
Depreciation expense
63,400
Increase in net accounts receivable
(376,000)
Increase in inventory
(396,000)
Increase in accounts payable
102,000
Decrease in accrued liabilities
(79,000)
Increase in income taxes payable
24,000
Gain on sale of land
(53,000)
Loss on sale of investments
6,000
Net cash provided(used) by
operating activities
$(169,600)
Cash Flows from Investing...
a) Using indirect method, compute the net cash used / provided by operating activities?
(Use DIRECT METHOD and show all calculations):
Washington Company
Balance sheet
December 31, 20X3 and 20X2
12/31/X3
12/31/X2
Current Assets
Cash
$4,600
$3,100
Accounts Receivable
$9,500
$7,900
Supplies
$1,200
$2,100
Inventory
$17,500
$18,600
Prepaid Insurance
$1,400
$1,000
Total Current Assets
$34,200
$32,700
Long-Term Assets
Fixed Assets
$71,000
$58,000
Accumulated Depreciation
($30,400)
($26,500)
Patent
$6,000
$7,000
Total Long-term Assets
$46,600
$38,500
Total Assets
$80,800
$71,200
Current Liabilities
...
1. New England Co. had net cash provided by operating activities of $351,000; net cash used...
1. New England Co. had net cash provided by
operating activities of $351,000; net cash used by investing
activities of $420,000; and cash provided by financing activities
of $250,000.
New England's cash balance was $27,000 on January
1.
What was New England's cash balance at the end of
the year?
A. $40,000
B. $208,000
C. $248,000
D. $27,000
2.
In a statement of cash flows, cash receipts from
sales of inventory to customers should generally be classified as
cash inflows...
The income statement and a schedule reconciling cash flows from operating activities to net income are...
The income statement and a schedule reconciling cash flows from
operating activities to net income are provided below for Macrosoft
Corporation.
MACROSOFT CORPORATION
Income Statement
For the Year Ended December 31, 2021
($ in millions)
Revenues and gains:
Sales
$
320.00
Gain on sale of cash equivalents
2.50
Gain on sale of investments
24.50
$
347.00
Expenses and loss:
Cost of goods sold
$
125.00
Salaries
40.50
Interest expense
12.50
Insurance
20.50
Depreciation
10.50
Patent amortization
4.50
Loss on sale...
The income statement and a schedule reconciling cash flows from operating activities to net income are...
The income statement and a schedule reconciling cash flows from
operating activities to net income are provided below ($ in
thousands) for Peach Computers.
PEACH COMPUTERS
Income Statement
For the Year Ended December 31, 2021
Sales
$
320.0
Cost of goods sold
(160.0
)
Gross margin
160.0
Salaries expense
$
35.0
Insurance expense
12.0
Depreciation expense
5.0
Loss on sale of land
3.0
55.0
Income before tax
105.0
Income tax expense
(52.5
)
Net income
$
52.5
Reconciliation of Net...
The income statement and a schedule reconciling cash flows from operating activities to net income are...
The income statement
and a schedule reconciling cash flows from operating activities to
net income are provided below for Mike Roe Computers.
MIKE ROE COMPUTERS
Income Statement
For the Year Ended December 31, 2021
($ in millions)
Sales
$
150.20
Cost of goods
sold
(90.00
)
Gross
margin
60.20
Salaries
expense
$
18.20
Insurance
expense
12.00
Depreciation
expense
4.50
Interest
expense
5.50
(40.20
)
Gains and
losses:
Gain on sale of
equipment
11.00
Loss on sale of
land
(2.00
)...
The income statement and a schedule reconciling cash flows from operating activities to net income are...
The income statement and a schedule reconciling cash flows from
operating activities to net income are provided below ($ in
thousands) for Peach Computers.
PEACH COMPUTERS
Income Statement
For the Year Ended December 31, 2021
Sales
$
500.0
Cost of goods sold
(250.0
)
Gross margin
250.0
Salaries expense
$
59.0
Insurance expense
36.0
Depreciation expense
17.0
Loss on sale of land
15.0
127.0
Income before tax
123.0
Income tax expense
(61.5
)
Net income
$
61.5
Reconciliation of Net...
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