Question
In: Accounting
What method does Netflix use to report net cash flows from operating activities? How can you...
What method does Netflix use to report net cash flows from operating activities? How can you tell?
What does this evaluation tell you about Netflix?
Solutions
Expert Solution
- The cash flow articulation gives data about an organization's cash receipts and cash installments during a bookkeeping period, demonstrating how these cash flows interface the closure cash parity to the starting parity appeared on the organization's balance sheet.
- The cash flow articulation comprises of three sections: cash flows gave by (utilized in) working exercises, cash flows gave by (utilized in) contributing exercises, and cash flows gave by (utilized in) financing exercises.This is given in the companies financial statements profile.
this evaluation tell you about Netflix:
this shows that netflix is having A strong net cash flow position from operating activities provides a company with financial flexibility to invest in other parts of its business, such as making an acquisition, purchasing new equipment, or paying off debt. Investing activities pertain to making capital expenditures such as new equipment, and financing activities relate to borrowing money, issuing stock or paying dividends..
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ekkarill92 answered 2 years agoRelated Solutions
Can a company report negative net cash flows from operating activities for the year on the...
Can a company report negative net cash flows from operating
activities for the year on the statement of cash flows but still
have positive net income on the income statement? Explain
Statement of Cash Flows—A method of reporting the cash flows from operating activities as the net...
Statement of Cash Flows—A method of reporting the cash flows
from operating activities as the net income from operations
adjusted for all deferrals of past cash receipts and payments and
all accruals of expected future cash receipts and payments.Indirect
Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December 31, 20Y8 and 20Y7, is as follows:
Dec. 31, 20Y8
Dec. 31, 20Y7
Assets
Cash
$74,970
$91,680
Accounts receivable (net)
115,190
123,590
Merchandise inventory
164,570
153,180
Prepaid expenses
6,700...
Statement of Cash Flows—A method of reporting the cash flows from operating activities as the net...
Statement of Cash Flows—A method of reporting the cash flows
from operating activities as the net income from operations
adjusted for all deferrals of past cash receipts and payments and
all accruals of expected future cash receipts and payments.Indirect
Method
List the errors you find in the following statement of cash
flows. The cash balance at the beginning of the year was $240,000.
All other amounts are correct, except the cash balance at the end
of the year.
Shasta Inc....
Statement of Cash Flows—A method of reporting the cash flows from operating activities as the net...
Statement of Cash Flows—A method of reporting the cash flows
from operating activities as the net income from operations
adjusted for all deferrals of past cash receipts and payments and
all accruals of expected future cash receipts and payments.Indirect
Method
The comparative balance sheet of Merrick Equipment Co. for
December 31, 20Y9 and 20Y8, is as follows:
Dec. 31, 20Y9
Dec. 31, 20Y8
Assets
Cash
$244,410
$227,360
Accounts receivable (net)
88,540
81,660
Inventories
249,940
241,760
Investments
0
93,660
Land
128,200...
Statement of Cash Flows—A method of reporting the cash flows from operating activities as the net...
Statement of Cash Flows—A method of reporting the cash flows
from operating activities as the net income from operations
adjusted for all deferrals of past cash receipts and payments and
all accruals of expected future cash receipts and payments.Indirect
Method
The comparative balance sheet of Merrick Equipment Co. for
December 31, 20Y9 and 20Y8, is as follows:
Dec. 31, 20Y9
Dec. 31, 20Y8
Assets
Cash
$284,360
$265,430
Accounts receivable (net)
103,010
95,330
Inventories
290,800
282,260
Investments
0
109,350
Land
149,150...
Cash Flows from Operating Activities—Direct Method The cash flows from operating activities are reported by the...
Cash Flows from Operating Activities—Direct Method
The cash flows from operating activities are reported by the
direct method on the statement of cash flows. Determine the
following:
a. If sales for the current year were $509,900
and accounts receivable decreased by $32,600 during the year, what
was the amount of cash received from customers?
$
b. If income tax expense for the current year
was $44,200 and income tax payable decreased by $4,400 during the
year, what was the amount...
1. When using the Indirect method or the direct method, net cash flows from operating activities...
1. When using the Indirect method or the direct method, net cash
flows from operating activities will never be the same! True or
False and please explain.
2. Please provide three examples of items you believe could be
classified as extraordinary losses and tell me why.
Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the...
Cash Flows from Operating Activities—Indirect Method
The net income reported on the income statement for the current
year was $123,300. Depreciation recorded on store equipment for the
year amounted to $20,300. Balances of the current asset and current
liability accounts at the beginning and end of the year are as
follows:
End of Year
Beginning of Year
Cash
$47,100
$42,860
Accounts receivable (net)
33,770
31,670
Inventories
46,110
48,220
Prepaid expenses
5,180
4,070
Accounts payable (merchandise creditors)
44,130
40,550
Wages payable...
Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the...
Cash Flows from Operating Activities—Indirect Method
The net income reported on the income statement for the current
year was $313,300. Depreciation recorded on equipment and a
building amounted to $93,700 for the year. Balances of the current
asset and current liability accounts at the beginning and end of
the year are as follows:
End of Year
Beginning of Year
Cash
$78,330
$81,460
Accounts receivable (net)
99,320
100,520
Inventories
195,830
173,180
Prepaid expenses
10,890
11,490
Accounts payable (merchandise creditors)
87,490
90,910...
Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the...
Cash Flows from Operating Activities—Indirect Method
The net income reported on the income statement for the current
year was $126,900. Depreciation recorded on store equipment for the
year amounted to $20,900. Balances of the current asset and current
liability accounts at the beginning and end of the year are as
follows:
End of Year
Beginning of Year
Cash
$48,220
$44,360
Accounts receivable (net)
34,570
32,780
Merchandise inventory
47,210
49,910
Prepaid expenses
5,300
4,210
Accounts payable (merchandise creditors)
45,180
41,960
Wages...
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