Question
In: Finance
Balance sheet Beginning of Year End of Year Beginning of Year End of Year Cash 382...
Balance sheet
|
Beginning of Year |
End of Year |
Beginning of Year |
End of Year |
||
|
Cash |
382 |
437 |
Accounts payable |
1361 |
1043 |
|
Receivables |
914 |
862 |
Long-term debt |
3295 |
2982 |
|
Inventory |
2039 |
2146 |
Common stock |
750 |
820 |
|
Net fixed assets |
5161 |
5379 |
Retained earnings |
3090 |
3979 |
|
Total assets |
8496 |
8824 |
Total Liab. & Equity |
8496 |
8824 |
If the net income during the year was 900 and depreciation was 100 how much was the net cash from operations. (see slide 6 of chapter 3 PowerPoint for net cash from operations calculation)
Solutions
jeff jeffy answered 3 years agoRelated Solutions
Year-End Balance Sheet and Statement of Cash Flows–Indirect Method The balance sheet of Poodle Company at...
Year-End Balance Sheet and Statement of Cash Flows–Indirect
Method
The balance sheet of Poodle Company at the end of 2016 is
presented here, along with certain other information for
2017:
December 31, 2016
Cash
$155,000
Accounts receivable
140,000
Total current assets
$295,000
Land
$100,000
Plant and equipment
700,000
Accumulated depreciation
(175,000)
Investments
125,000
Total long-term assets
$750,000
Total assets
$1,045,000
Current liabilities
$325,000
Bonds payable
$100,000
Common stock
$500,000
Retained earnings
120,000
Total stockholders’ equity
$620,000
Total liabilities and
stockholders’...
Year-End Balance Sheet and Statement of Cash Flows–Indirect Method The balance sheet of Poodle Company at...
Year-End Balance Sheet and Statement of Cash Flows–Indirect
Method
The balance sheet of Poodle Company at the end of 2016 is
presented here, along with certain other information for
2017:
December 31, 2016
Cash
$155,000
Accounts receivable
140,000
Total current assets
$295,000
Land
$100,000
Plant and equipment
700,000
Accumulated depreciation
(175,000)
Investments
125,000
Total long-term assets
$750,000
Total assets
$1,045,000
Current liabilities
$325,000
Bonds payable
$100,000
Common stock
$500,000
Retained earnings
120,000
Total stockholders’ equity
$620,000
Total liabilities and
stockholders’...
27. G is a cash basis consultant. His balance sheet at the end of the year...
27. G is a cash basis consultant. His balance sheet at the end
of the year shows receivables of $100 and accounts payable for
utilities of $30.
a) What is G’s basis in the receivables?
b) If G transfers the receivables to a new corporation in
exchange for 100% of the stock and the corporation assumes the
liabilities is G taxed on the transfer?
On its year-end balance sheet, Hasten Inc., reported cash and cash equivalents at the start of...
On its year-end balance sheet, Hasten Inc., reported cash and
cash equivalents at the start of the year of $54,144
thousand.
By the end of the year, the cash and cash equivalents had decreased
to $51,164 thousand. The company’s statement of cash flows reported
cash from operating activities of $311,925 thousand, cash from
financing activities of $(230,204) thousand.
What amount did the company report for cash from investing
activities?
Select one:
a. $78,741 thousand cash inflow
b. $84,701 thousand cash...
Consider a Cash Balance sheet where the beginning cash balance is $710,000, the cash inflows from...
Consider a Cash Balance sheet where the beginning cash balance
is $710,000, the cash inflows from operations is $840,000, and the
cash outflows from operations is $620,000
Using the figures above, identify the Ending Cash Balance
Select one:
a. $490,000
b. $2,170,000
c. $930,000
d. $220,000
Based on the information below create the year end income statement, balance sheet, and cash flow...
Based on the information below create the year end
income statement, balance sheet, and cash flow
statement.
On January 2, 2003, Alexander, together with a number of
relatives and friends, established Chemalite, Inc.; 500,000 shares
were issued, of which Alexander received 125,000 in exchange for
his patent, and the remainder were sold to the other investors at
$1 per share. During the period January 2, 2003, through June 30,
2003, Chemalite, Inc., made the following expenditures:
January 15—Paid $7,500 in...
What is a “classified” balance sheet ? A balance sheet that classifies its year-end as 12/31....
What is a “classified” balance sheet ?
A balance sheet that classifies its year-end as 12/31.
A balance sheet that only displays total assets.
A balance sheet that separates assets and liabilities into
current and non-current sections.
A balance sheet that has a restricted audience.
2. Why doesn’t Cash Flow from Operations equal Net Income?
The income statement includes non-cash items
The income statement is based on accruals
All of the above
None of the above
The balance sheet for Bostick Corporation? follows: Ending balance Beginning balance ?Assets: Current? assets: Cash and...
The balance sheet for Bostick Corporation? follows:
Ending balance
Beginning balance
?Assets:
Current? assets:
Cash and cash equivalents
$52,600
?$44,600
Accounts receivable
$18,300
?$22,300
Inventory
$48,500
?$53,000
Total current assets
$119,400
?$119,900
?Property, plant, and equipment
?$287,800
?$275,300
Less accumulated depreciation
$109,000
?$101,550
Net? property, plant, and equipment
$178,800
?$173,750
Total assets
$298,200
?$293,650
Liabilities and? stockholders' equity:
Current? liabilities:
Accounts payable
?$26,030
?$29,580
Wages payable
?$41,600
?$47,100
Other accounts payable
$42,200
?$35,400
Notes payable
?$24,200
?$25,200
Total current liabilities...
In its fiscal 2016 balance sheet, Airways Corporation, reported cash of $443 million at year-end. The...
In its fiscal 2016 balance sheet, Airways Corporation, reported
cash of $443 million at year-end. The statement of cash flows
reports that cash increased by $115 million during the year and
that net cash flow from operating activities was $1,632
million.
What was the cash flow from investing activities during the
year?
A.
$533 million cash outflow
B.
$715 million cash inflow
C.
$533 million cash inflow
D.
$715 million cash outflow
E.
There is not enough information to determine...
State Bank has the following year-end balance sheet (in millions): Assets Liabilities and equity Cash $ ...
State Bank has the following year-end balance sheet (in
millions):
Assets
Liabilities and equity
Cash
$
10
Deposits
$
90
Loans
$
90
Equity
$
10
Total assets
$ 100
Total liabilities and
equity
$ 100
The loans primarily are fixed-rate, medium-term loans, while the
deposits are either short-term or variable-rate deposits. Rising
interest rates have caused the failure of a key industrial company,
and as a result, 3 percent of the loans are considered
uncollectable and thus have no...
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