Question
In: Accounting
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
Solutions
ekkarill92 answered 2 years agoRelated Solutions
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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