Question

In: Accounting

The list includes all balance sheet accounts related to cash from operating activities. Case X Case...

The list includes all balance sheet accounts related to cash from operating activities.

Case X Case Y Case Z
Net income $ 6,000 $ 151,000 $ 109,200
Depreciation expense 45,100 12,000 36,400
Accounts receivable increase (decrease) 60,200 30,000 (6,000 )
Inventory increase (decrease) (30,200 ) (15,100 ) 15,100
Accounts payable increase (decrease) 36,200 (33,300 ) 21,100
Accrued liabilities increase (decrease) (66,400 ) 18,200 (12,000 )

For each of the above separate cases X, Y, and Z, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
Cash Flows from Operating Activities (Indirect)
Case X Case Y Case Z
Net Income $6,000 $151,000 $109,200
Adjustments to reconcile net income to net cash provided by operations:
$6,000 $151,000 $109,200

Solutions

Expert Solution

Case X Case Y Case Z
Net Income                        6,000            1,51,000       1,09,200
Adjustment to Reconcile Net Income to Net Cash Provided by Operations :-
Accounts Payable                      36,200              -33,300          21,100
Accounts Receivable                    -60,200              -30,000            6,000
Accrued Liabilities                    -66,400               18,200         -12,000
Depreciation                      45,100               12,000          36,400
Inventories                      30,200               15,100         -15,100
Cash Provided by (used for) operating Activities                      -9,100            1,33,000       1,45,600

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

The independent cases are listed below includes all balance sheet accounts related to operating activities: Case...
The independent cases are listed below includes all balance sheet accounts related to operating activities: Case A Case B Case C Net income $ 303,000 $ 11,500 $ 413,000 Depreciation expense 33,000 143,000 73,000 Accounts receivable increase (decrease) 86,000 (193,000 ) (13,000 ) Inventory increase (decrease) (43,000 ) 28,000 43,000 Accounts payable increase (decrease) (43,000 ) 113,000 63,000 Accrued liabilities increase (decrease) 53,000 (213,000 ) (33,000 ) Show the operating activities section of cash flows for each of the given...
From the following balance sheet accounts, Construct a balance sheet for 2013 and 2014 List all...
From the following balance sheet accounts, Construct a balance sheet for 2013 and 2014 List all the working capital accounts Find the net working capital for the years ending 2013 and 2014 Calculate the change in net working capital for the year 2014 Account Balance 12/31/2013 Balance 12/31/2014 Accounts payable $1000 $1100 Accounts receivable $2480 $2690 Cash $1300 $1090 Common stock $4990 $4990 Inventory $5800 $6030 Long-term debt $7800 $8200 Three-month Notes payable $ 800 $ 960 Plant, property, and...
Cash flows from operating activities on the Cash Flow Statement includes things such as issuing stock...
Cash flows from operating activities on the Cash Flow Statement includes things such as issuing stock and debt. Group of answer choices A) True B) False
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 32,500 Prepaid selling expenses 6,100 Dividends 38,000 Sales $ 549,000 Sales returns and allowances 18,500 Sales discounts 5,500 Cost of goods sold 222,000 Sales salaries expense 53,000 Utilities expense 17,500 Selling expenses 38,500 Administrative expenses 110,000 Additional Information Accrued...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 32,500 Prepaid selling expenses 6,100 K. Emiko, Withdrawals 38,000 Sales $ 549,000 Sales returns and allowances 18,500 Sales discounts 5,500 Cost of goods sold 222,000 Sales salaries expense 53,000 Utilities expense 17,500 Selling expenses 38,500 Administrative expenses 110,000 Additional...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 33,000 Prepaid selling expenses 6,200 K. Emiko, Withdrawals 39,000 Sales $ 553,000 Sales returns and allowances 18,700 Sales discounts 5,600 Cost of goods sold 224,000 Sales salaries expense 54,000 Utilities expense 18,000 Selling expenses 39,000 Administrative expenses 111,000 Additional...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2017, unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 32,000 Prepaid selling expenses 6,000 K. Emiko, Withdrawals 37,000 Sales $ 545,000 Sales returns and allowances 18,300 Sales discounts 5,400 Cost of goods sold 220,000 Sales salaries expense 52,000 Utilities expense 17,000 Selling expenses 38,000 Administrative expenses 109,000...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2017, unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 39,500 Prepaid selling expenses 7,500 Dividends 52,000 Sales $ 605,000 Sales returns and allowances 21,300 Sales discounts 6,900 Cost of goods sold 250,000 Sales salaries expense 67,000 Utilities expense 24,500 Selling expenses 45,500 Administrative expenses 124,000 Additional Information Accrued sales salaries amount to $1,700....
Calculate the Cash Flow from Operating Activities for 2018 Jenny's Retail USA 12/31/2018 Balance Sheet in...
Calculate the Cash Flow from Operating Activities for 2018 Jenny's Retail USA 12/31/2018 Balance Sheet in $000 2017 2018 Cash             27                5 A/R             30             31 Inventory             11             30 Total Current Assets             68             66 Gross Plant & Equipment           140           180 Less: Depreciation            (40)            (50) Net Plant & Equipment           100           130 Total Assets           168           196 Liabilities A/P             15             14 Accruals             15                2...
Prepare a classified balance sheet that includes the correct balance for cash
Optimum Weight loss co offers perosnal weight reduction consulting services to individuals .After all the accounts have been closed on november 30,2019, the end of fiscal year, the balances of selected accounts from the ledger of optimum weight loss co are followsParticularsAmount$Accounts payable37,700Accounts receivable1,16,750Accumulated Depreciation - Equipment1,86,400Cash?Equipment4,74,150Land3,00,000Prepaid insurance7,200Prepaid rent21,000Salaries payable9,000Cherry Viers,capital7,10,300Suppliers 4,800Unearned fees18,000Prepare a classified balance sheet that includes the correct balance for cash
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT