Question
In: Accounting
The following information is available from the current period financial statements: Net income $165,000 Depreciation expense...
The following information is available from the current period
financial statements:
Net income
$165,000
Depreciation expense
28,000
Increase in accounts receivable
16,000
Decrease in accounts payable
21,000
The net cash flow from operating activities using the indirect
method is
$188,000
$198,000
$156,000
$230,000
Solutions
Expert Solution
Net cash from operating activities:
| Net Income | $ 165,000.00 |
| Add: Non cash items | |
| Depreciation | $ 28,000.00 |
| Changes in working capital: | |
| Increase in accounts receivable | $ (16,000.00) |
| Decrease in accounts payable | $ (21,000.00) |
| Net cash inflow from Operating activities | $ 156,000.00 |
ekkarill92 answered 2 years agoRelated Solutions
The following information is available from the current period financial statements: Net income $131,943 Depreciation expense...
The following information is available from the current period
financial statements:
Net income
$131,943
Depreciation expense
21,983
Increase in accounts receivable
14,002
Decrease in accounts payable
21,679
The net cash flow from operating activities using the indirect
method is
The following information is available from the current period financial statements: Net income $ 140,777 Depreciation...
The following
information is available from the current period financial
statements:
Net income
$ 140,777
Depreciation expense
$37,106
Increase in accounts receivable
$15,470
Decrease in accounts payable
$23,634
The net cash flow from
operating activities using the indirect method is
The following information is available from the current period financial statements:
7. The following information is available from the current period financial statements: Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $175,000 28,000 16,000 21,000 The net cash flow from operating activities using the indirect method is a. $166,000 b. $184,000 c. $110,000 d. $240,000 8. A building with a book value of $54,000 is sold for $63,000 cash Using the indirect method, this transaction should be shown on the statement of cash flows as follows: a. an increase of $54,000 from investing activities b. an...
The following information is available for Jack's jewelery and gift store: Net income: $5,000 Depreciation expense:...
The following information is available for Jack's jewelery and
gift store:
Net income: $5,000
Depreciation expense: $2,500
increase in deferred tax liabilities: 500
decrease in accounts receivables: 2,000
increase in inventories: 9,000
decrease in accounts payable: 5,000
increase in accrued liabilities: 1,000
Increase in property/equipment: 14,000
increase in short-term notes payable: 19,000
decrease in long-term bonds payable: 3,000
stock repurchase: 1000
--
What is the change in cash?
Use the following financial information for Questions 1-4 below: From the income statement: Depreciation expense...
Use the following financial information for Questions 1-4
below:
From the income statement:
Depreciation expense
Interest expense
$170,000
25,000
Income tax
Net income
29,000
148,000
From the balance sheet:
Current liabilities
$95,000
Long-term debt
825,000
Deferred income taxes
85,000
Total Liabilities
$1,005,000
Preferred stock
8,000
Common stock
276,000
Premium on common stock
163,000
Retained earnings
678,000
Total Stockholders’ Equity
$1,125,000
Total Liabilities & Stockholders’ Equity
$2,130,000
1. What is the Times Interest Earned ratio?
_________ /_______ = ___________...
The following information was provided by Paul’s Guitar Shop •Net Income $12,950 •Depreciation Expense $2000 •Increase...
The following information was provided by Paul’s Guitar Shop
•Net Income $12,950
•Depreciation Expense $2000
•Increase Accounts receivable $300
•Increase Inventory $3,800
•Increase Prepaid expenses $1,000
•Decrease Accounts payable $9,000
•Increase Accrued expenses and unearned revenues $1,450
•Purchase of property and equipment $101,000
•
•Using the indirect method, calculate the net cash
provided by operating activities
Paul’s Guitar Shop
Statement of Cash Flows
For year ended December 31, 2019
Cash flows from operating activities
$
$
Adjustments to reconcile...
A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on...
A company's income statement showed the following: net income,
$124,000; depreciation expense, $30,000; and gain on sale of plant
assets, $14,000. An examination of the company's current assets and
current liabilities showed the following changes as a result of
operating activities: accounts receivable decreased $9,400;
merchandise inventory increased $18,000; prepaid expenses decreased
$6,200; accounts payable increased $3,400. Calculate the net cash
provided or used by operating activities.
Select one:
a. $155,000.
b. $145,800.
c. $141,000.
d. $139,000.
Please Solve As...
A company's income statement showed the following: net income, $135,400; depreciation expense, $32,700, and gain on...
A company's income statement showed the following: net income,
$135,400; depreciation expense, $32,700, and gain on sale of plant
assets, $15,350. An examination of the company's current assets and
current liabilities showed the following changes as a result of
operating activities: accounts receivable decreased $10,300;
merchandise inventory increased $19,800; prepaid expenses decreased
$7,100; accounts payable increased $4,000. Calculate the net cash
provided or used by operating activities.
A company's income statement showed the following: net income, $126,000; depreciation expense, $36,000; and gain on...
A company's income statement showed the following: net income,
$126,000; depreciation expense, $36,000; and gain on sale of plant
assets, $10,000. An examination of the company's current assets and
current liabilities showed the following changes accounts
receivable decreased $10,600; merchandise inventory increased
$24,000; prepaid expenses increased $7,400; accounts payable
increased $4,600. Calculate the net cash provided or used by
operating activities.
Multiple Choice
$176,600.
$155,400.
$148,600.
$150,600.
$135,800.
In preparing a company's statement of cash flows using the
indirect method,...
A company's income statement showed the following: net income, $134,000; depreciation expense, $40,000; and gain on...
A company's income statement showed the following: net income,
$134,000; depreciation expense, $40,000; and gain on sale of plant
assets, $14,000. An examination of the company's current assets and
current liabilities showed the following changes as a result of
operating activities: accounts receivable decreased $11,400;
merchandise inventory increased $28,000; prepaid expenses increased
$8,200; accounts payable increased $5,400. Calculate the net cash
provided or used by operating activities.
Multiple Choice
$140,600.
$183,000.
$157,000.
$155,000.
$161,800.
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