Which adjustments to net income in the operating activities section of the statement of cash flows...

Which adjustments to net income in the operating activities section of the statement of cash flows are directly related to cash flows in other sections

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ekkarill92 answered 1 year ago

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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...

The income statement and the cash flows from the operating activities section of the statement of...

The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales $ 283.4 Cost of goods sold (161.4 ) Gross margin 122.0...

The income statement and the cash flows from the operating activities section of the statement of...

The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Sales $ 280.2 Cost of goods sold (175.4 ) Gross margin 104.8...

The income statement and the cash flows from the operating activities section of the statement of...

The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales $ 276.8 Cost of goods sold (182.0 ) Gross margin 94.8...

The income statement and the cash flows from the operating activities section of the statement of...

The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales $ 283.1 Cost of goods sold (175.6 ) Gross margin 107.5...

The total adjustments to net income to determine cash flows from operating activities are……(Hint: be sure...

The total adjustments to net income to determine cash flows from operating activities are……(Hint: be sure to add up changes in current assets and current liabilities as noted on the balance sheet going from year 2017 to year 2018) to get the answer Moore's Family Restaurant Assets & Liabilities as of 12/31/17 Assets & Liabilities projected to 12/31/18 ASSETS ASSETS Cash $492,118.00 Cash $589,118.00 Accounts Receivable $29,000.00 Accounts Receivable $49,095.00 Inventories $30,000.00 Inventories $30,000.00 Prepaid Expenses $2,000.00 Prepaid Expenses $11,000.00...

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 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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