and $9,722, respectively. Balances of current asset and currer End Cash $42,392 Accounts receivable 126,305 Inventories 100,582 Prepaid expenses 4,060 Accounts payable (merchandise creditors) 50,302 What is the amount of cash flows from operating activities rep Oa. $214,402 Ob. $432,360 Oc. $412,916
Q: The following information is available from the current period financial statements: Net income…
A: Introduction: A cash flow statement is a financial statement that outlines a company's cash inflows…
Q: Fortune Corporation’s comparative balance sheet showed noncash current assets and liabilities as…
A: Cash flows from operating activities records inflow and outflow of cash from the regular business…
Q: The following information is available from the current period financial statements: Net income…
A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…
Q: The following information is available from the current period financial statements: Net income…
A: Introduction: A cash flow statement is a financial statement that shows a company's cash inflows…
Q: The following information is available from the current period financial statements: Net income…
A: Increase in current assets or decrease in current liabilities are subtracted. Decrease in current…
Q: The current period statement of cash flows includes the following: Cash balance at the beginning of…
A: Net cash from all activities=Operating+Investing+Financing=$181,912+$51,106+$100,054=$30,752
Q: OUR COMPANY Statement of Financial Position As of December 31 20Y2 20Y1 P 470,310 P 519,860 Cash and…
A: The financial ratios are used to analyze the performance of the business. The ratios can be computed…
Q: The following information is available from the current period financial statements: Net income…
A: Cash Flow Statement (Indirect Method) For the Current Year Cash Flow from Operating Activities…
Q: The following information is available from the current period financial statements: Net income…
A: Cash flow from Operating Activities means net cash flows from activities related with operations of…
Q: In preparing a company's statement of cash flows using the Indirect method, the following…
A: Statement of Cash flows is a Summary of all expected cash inflows and cash outflows incurred during…
Q: Amount (in Normal balances) 239,186 353,700 504,944 (1)? 83,259 1,594,927 110,800 (2)? (3)? Account…
A: The balance sheet represents the financial position of the business with total assets, total…
Q: The following information is available from the current period financial statements: Net income…
A: Operating cash flow refers to the amount of money a company earns from ongoing, regular commercial…
Q: According to the information given in the table below, which of the following is cash flow from…
A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…
Q: Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:…
A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…
Q: The following information is available from the current period financial statements: Net income…
A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…
Q: According to the information given in the table below, which of the following is cash flow from…
A: Information Net income 101,000 Deprecation 35,000 Decrease in Accounts…
Q: The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of…
A: Cash flow from financing activities is a part of the cash flow statement. It included transactions…
Q: cash balance at the end of the period is
A: The cash balance at the ending of the year is computed in the following manner : Cash balance at the…
Q: Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:…
A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…
Q: River Company began the accounting period with a $62,000 debit balance in its Account Recievable…
A: Collection from Account Receivable = Beginning Account Receivable + Revenue on Account - Ending…
Q: Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December…
A: Given the following information: Additional information Net income, $179,510. Depreciation…
Q: According to the information given in the table below, which of the following is cash flow from…
A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…
Q: Statement of Cash Flows (Partial) Cash flows from operating activities Receipts from customers $ $…
A: Cash flow statement means the statement which shows the cash flow in or out of business enterprises…
Q: Calculate the DuPont Model, given the following balances: Year 1 data Cash R16,080 Accounts…
A: DuPont analysis: It can be defined as a framework that is used for analyzing the fundamental…
Q: Indicate if the change will be placed in the operating, investing or financing section of the…
A: Cash flow statement refers to those type of financial statements which reflects the movement of cash…
Q: LIVERS INC. Spreade heet (Work Sheet for statement of Cash Flows For the Year Ended December 31,…
A: Cash flow statement shows the change in cash flow of a business on the basis of change in its assets…
Q: Green Brands, Inc. (GBI) presents its statement of cash flows using the indirect method. The…
A: Answer - Part 1 - Cash flow using the Direct Method - GREEN BRAND INC Statement of Cash Flows…
Q: Net income is OMR 132000, accounts payable increased OMR 10000 during the year, inventory decreased…
A: Cash flows provided by operating activities is a part of cash flow statement which shows all cash…
Q: 2. Accounts receivable arising from trade transactions amounted to $62,000 and $78,000 at the…
A: Increase in accounts receivable = $78,000 - $62,000 = $16,000
Q: 0, yielding a $4,300 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the…
A: Statement of cash flows is one of the financial statement of the business which shows all cash…
Q: The accounting records of Rockness Company provided the data below ($ in 000s). Net income…
A: Non cash expenses should be added back to net income in Indirect method
Q: According to the information given in the table below, which of the following is cash flow from…
A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…
Q: The following information is available from the current period financial statements: $ 116,406…
A: Under the indirect method to calculate the cash flow from operations, net income is reconciled with…
Q: The following information is available from the current period financial statements: Net income…
A: Introduction: To determine the amount of cash generated by operating activities, the indirect method…
Q: According to the information given in the table below, which of the following is cash flow from…
A: A cash flow statement is a report that is prepared by a business in order to estimate the accurate…
Q: According to the information given in the table below, which the following is cash flow from…
A: Solution:- Calculation of cash flows from operating activities as follows under:-
Q: he following information is available from the current period financial statements: Net income…
A: Operating cash flow refers to the amount of money a company produces from ongoing, regular…
Q: Fortune Corporation's comparative balance sheet for current assets and liabilities was as follows:…
A:
Q: The following information is available from the current period financial statements: Net income $…
A: Increase in accounts receivable implies more revenue has been reported in the income statement than…
Q: Cash $65,000 $70,000 Accounts receivable (net) 70,000 57,000 Inventories 86,000 102,000 Prepaid…
A: Cash flow statement shows cash inflow and outflow from the operating activity. It records all the…
Q: The following information is available from the current period financial statements: Net income…
A: Introduction: Operating operations are the functions of a business that are directly related to…
Q: The net cash flow provided by operating activities is an inflow of $37,042, the net cash flow used…
A: The cash flow statement is helpful for the stakeholders that they can identify the organization's…
Q: The following information is available from the current period financial statements: Net income $…
A: Cash flow statement provided information about the cash inflows and cash outflows of the company.…
Q: Statement of Cash Flows The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1,…
A: Increase in accounts receivables = $ 588930 - $ 537160 Increase in Inventories = $893110 - $ 821920…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The net income reported on the income statement for the current year was $295,779. Depreciation recorded on fixed assets and amortization of patents for the year were $36,030 and $11,489, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $64,081 $48,791 Accounts Receivable 123,219 102,308 Inventories 100,310 86,859 Prepaid Expenses 3,248 6,877 Accounts Payable (merchandise creditors) 45,294 62,023 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?The net income reported on the income statement for the current year was $282,126. Depreciation recorded on fixed assets and amortization of patents for the year were $33,351, and $9,402, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $37,370 $64,930 Accounts receivable 106,715 123,079 Inventories 80,207 102,432 Prepaid expenses 8,982 4,271 Accounts payable (merchandise creditors) 77,139 54,111 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? Select the correct answer. $303,001 $363,468 $381,785 $306,304The net income reported on the income statement for the current year was $256,674. Depreciation recorded on fixed assets and amortization of patents for the year were $30,601 and $9,816, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $47,547 $67,419 Accounts Receivable 120,692 102,958 Inventories 101,043 92,516 Prepaid Expenses 3,347 6,561 Accounts Payable (merchandise creditors) 49,242 66,779 What is the amount of the net cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. $327,049 b. $270,830 c. $256,507 d. $251,558
- The net income reported on the income statement for the current year was $278,260. Depreciation recorded on fixed assets and amortization of patents for the year were $34,649, and $11,472, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Cash Accounts receivable Inventories End a. $370,545 b. $208,919 c. $347,601 Od. $278,217 $47,146 124,126 102,601 4,506 45,924 Beginning $57,260 104,236 93,932 7,914 66,937 Prepaid expenses Accounts payable (merchandise creditors) What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?The net income reported on the income statement for the current year was $295,300. Depreciation recorded on fixed assets and amortization of patents for the year were $40,200 and $5,300, respectively. Balances of current asset and current liability accounts at the end and beginning of the year are as follows: End Beginning Cash $50,300 $60,300 Accounts receivable 112,100 108,100 Inventories 105,300 93,300 Prepaid expenses 4,600 6,800 Accounts payable (merchandise creditors) 75,100 89,300 What amount of cash flows from (used for) operating activities is reported on the statement of cash flows prepared by the indirect method? a.$302,800 b.$207,400 c.$312,800 d.$369,000The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $50,000 S60,000 Accounts Receivable 112,000 108,000 Inventories 105,000 93,000 Prepaid Expenses 4,500 6,500 Accounts Payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? O a. $198,000 Ob. $296,000 O c. $324,000 O d. $352,000
- 1. The net income reported on the income statement for the current year was $310,000.Depreciation recorded on fixed assets and amortization of patents for the year were$40,000 and $9,000, respectively. Balances of current asset and current liabilityaccounts at the end and at the beginning of the year are as follows:End BeginningCash $50,000 $60,000Accounts receivable 112,000 108,000Inventories 105,000 93,000Prepaid expenses 4,500 6,500Accounts payable (merchandise creditors) 75,000 89,000What is the amount of cash flows from operating activities reported on the statement of cashflows prepared by the indirect method?a. $233,000b. $289,000c. $387,000d. $331,000The net income reported on the income statement for the current year was $310,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $50,000 $60,000 Accounts receivable 112,000 108,000 Inventories 105,000 93,000 Prepaid expenses 4,500 6,500 Accounts payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. $233,000 b. $289,000 c. $387,000 d. $331,000The net income reported on the income statement for the current year was $311,700. Depreciation recorded on equipment and a building amounted to $93,200 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Line Item Description End of Year Beginning of Year Cash $78,550 $83,260 Accounts receivable (net) 99,600 102,740 Inventories 196,380 177,010 Prepaid expenses 10,920 11,740 Accounts payable (merchandise creditors) 87,740 92,920 Salaries payable 12,650 11,570 Question Content Area a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. blankblankStatement of Cash Flows (partial) Line Item Description Amount Amount Cash flows from (used for) operating activities: $Net income…
- The net income reported on the income statement for the current year was P255,800. Depreciation recorded on equipment and a building amounted to P53,500 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 the year Beginning of the year Cash P 42,000 P 44,200 Accounts receivable (net) 56,400 67,000 Inventories 125,900 112,600 Prepaid expenses 5,800 6,000 Accounts payable (merchandise creditors) 61,400 67,500 Salaries payable 8,300 7,900 Required: Prepare the cash flows from operating activities section of the statement of cash flows, using the indirect method.The net income reported on the income statement for the current year was $185,000. Depreciation recorded on equipment and a building amounted to $96,000 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 YearCash $ 75,000 $ 86,150Accounts receivable (net) 84,550 90,000Inventories 186,200 175,000Prepaid expenses 3,600 4,500Accounts payable (merchandise creditors) 91,500…The net income reported on the income statement for the current year was $262,100. Depreciation recorded on equipment and a building amounted to $78,400 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 $71,030 $75,290 Accounts receivable (net) 90,070 92,910 Inventories 177,580 160,070 Prepaid expenses 9,870 10,620 Accounts payable (merchandise creditors) 79,340 84,020 Salaries payable 11,440 10,470 a. Prepare the "Cash Flows from Operating Activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.