11 Compute Cash Flow from Operating Activities from the following details: Particulars Trade Receivables: Debtors CA Bills Receivable CA Trade Payables: Creditors CL Bills Payable CL + Expenses Outstanding CL Accrued Income CA Depreciation on Fixed Assets No + Surplus, i.e., Balance in Statement of Profit & Loss Ans 31st March, 31st March 2023 (R) 2022 (R) 50,000 23,000 28,000 22,000 4,500 9,000 5,000 90,000 60,000 25,000 32,000 35,000 3,500 8,000 4,000 80,000
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- 1919m2LSFAJxzbwov4D68iWUmoFzSg/formResponse?pli=1 1. The following item would be classified as an investing activity on the statement of cash flows: * O A) Payments for inventory. O B) Acquisitions of equipment. O C) Proceeds from borrowing. O D) Payments on loans. O E) None of the above. 2. Common-size income statement prepared when: O A) Each income statement item is expressed as a percentage of total assets. O B) Each income statement item is expressed as a percentage of net sales. O C) Each income statement item is expressed as a percentage of net income. D) Each income statement item is expressed as a percentage of cash flow O E) None of the above 9:59 AM eD 40 ENG 22-Dec-2021 M TOSHIR O O O OOSmith Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5240000 O $5790640. O $4063360. O $6416640. O $5240000. 712640 151000 313000 Smith should report cash provided by operating activities ofNovak Company at December 31 has cash $44,500, noncash assets $214,000, liabilities $120,000, and the following capital balances: Hoffman $91,000 and Mena $47,500. The firm is liquidated, and $230,000 in cash is received for the noncash assets. Hoffman and Mena income ratios are 60% and 40%, respectively. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parentheses eg. (15,000).) Prepare a schedule of cash payments. NOVAKCOMPANY Schedule of Cash Payments Item Cash Noncash Assets Liał Balances before liquidation 24 $4 24 Sale of noncash assets and allocation of losses New balances Pay liabilities
- Problem 11-8A (Algo) Prepare an income statement using operating cash flow information-indirect and direct methods (LO11-3, 11-7) Cash flows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s). Cash Flows from Operating Activities (Indirect method) Net income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable Decrease in inventory Increase in prepaid rent Decrease in accounts payable Decrease in income tax payable Net cash flows from operating activities Cash Flows from Operating Activities (Direct method) Cash received from customers Cash paid to suppliers Cash paid for operating expenses Cash paid for income taxes Net cash flows from operating activities REVERSE LOGIC Income Statement For the Year Ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense…Problem 4: Following are the comparative statements of financial position of CPA Company to add in preparing a statement of cash flows: ● CPA Company Statement of Financial Position December 31, 2021 and 2020 Assets Cash and cash equivalents Financial assets at FVPL Accounts receivable Inventory Long-term investments Property, plant and equipment Less: accumulated depreciation Patents Less: accumulated amortization Total assets Liabilities and Equity Accounts payable Income tax payable 12% bonds payable Less: discount on bonds payable Ordinary share capital Retained earnings The following events took place in 2021: 2021 P900,000 2020 P620,000 300,000 400,000 1,956,500 1,445,000 3,050,000 3,200,000 1,000,000 1,250,000 9,000,000 8,000,000 (2,200,000) (2,000,000) 600,000 600,000 (100,000) P14,606,500 P13,415,000 P2,200,000 P1,900,000 34,500 45,000 4,000,000 4,000,000 (250,000) (300,000) 7,500,000 6,500,000 1,122,000 1,270,000 P14,606,500 P13,415,000 CPA Company declared and paid cash…Mr. Matagumpay gave to his accountant the following data for the year ended December 31, 2019. P 385,000 175.000 P 210,000 (5,000) (95.000) P110,000 Other Information: Accounts Receivable, 2018 Accounts Receivable, 2019 Accounts Payable, 2018 Accounts Payable, 2019 Inventory Sales Cost of Goods Sold Gross Profit Depreciation Expense Operating Expenses Net Income P 75,000 90,000 45,000 55.000 50,000
- O A https://prod.reader-ui.prod.mheducation.com/epub/sn_710f1/data-uuid-be8dbaUcb8ea w -> Aa く > 三 P20-2 Cash flow statement under indirect method (L LO 20-1, L LO 20-2, LO 20-3, E LO 20-4) The Barden Corporation's comparative balance sheets for 20X1 and 20X0 are presented below. Barden Corporation Table Summary: Row 1 is a header and spans columns 2 and 3. Rows 3, 12, and 17 are subheaders and contain data only in column 1. Balance Sheets December 31, Increase (Decrease) Assets Cash $ 337,000 $246,000 Accounts receivable, net 420,000 280,000 140,000 Marketable securities 0000 -0- Inventories Land 650,000 250,000 Plant and equipment 1,160,000 1,266,000 (106,000) Less: Accumulated depreciation (200,000) Total assets $2,922,000 $2,432,000 $ 490,000 Liabilities and Stockholders' Equity Liabilities: Accounts payable 000 099 $ $ 500,000 $160,000 Accrued wages 520,000 Long-term bonds (due 7/1/20X8) 260,000 360,000 Total liabilities 1,460,000 1,380,000 80,000 Stockholders' equity: Common…Classifying Items in the Statement of Cash Flows The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated dollar amount is added or subtracted in the statement. (a) (b) 1. Payments of short-term debt. AnswerOperatingInvestingFinancing AnswerAddSubtract 2. Repurchases of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 3. Purchases of property and equipment. AnswerOperatingInvestingFinancing AnswerAddSubtract 4. Sale of investments classified as long-term. AnswerOperatingInvestingFinancing AnswerAddSubtract 5. Proceeds from the issuance of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 6. Increase in prepaid expenses and other current assets. AnswerOperatingInvestingFinancing AnswerAddSubtract 7. Acquisition for cash of a competitor.…Current Attempt in Progress Lee Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5180000 $3979520. $5180000. $6380480. $5706480. 704480 159000 337000 Lee should report cash provided by operating activities of
- Use the following information to answer all accounting questions Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2020 1726 2812 705 2000 4028 170 1755 99 185 2574 8754 8312 750 799 3621 4338 450 2021 1120 2254 800 2300 175 2056 120 271 1829 8245 10254 547 1021 4021 5768 69011In a cash flow statement, which one of the following would appear as an outflow of cash? Select one: a. An increase in debtors during the year. b. An increase creditor during the year. c. Depreciation charges on fixed assets. d. Loss on sale of a fixed asset. 12A credit balance on accruals account indicates? Select one: a. a liability and an expense owing. b. an asset and a prepayment of income. c. an asset and an accrual of income. d. a liability and an expense prepaid. 6ABC paid XYZ rent in advance for one year. By recording this payment ABC will reflect: Select one: a. An increase in assets and liabilities. b. An increase in assets and stockholder's equity. c. An increase in assets and decrease in liabilities. d. No change in total assets. 8Which of the following expenses will not be analyzed to administrative expenses in a published profit and loss account for a company? Select one: a. Bank charges and interest. b. Office expenses. c. General expenses. d. Managing Director…INSTRUCTIONS: Use the account information below to construct (1) 2023 multi-step income statement, (2) 2023 classified balance sheet, and (3) 2023 statement of cash flow--indirect. 12/31/2023 Account Title Accounts Payable Accounts Receivable Accrued Expenses Payable Accumulated Depreciation Additional Paid-in Capital in Excess of par Administrative Expense Available-for-sale securities Buildings Cash Common Stock ($2 par/share) Cost of Goods Sold Cumulative Comprehensive Income Items Deferred Revenue---deposits by customers Depreciation Expense Dividend Revenue Dividends declared on common stock Dividends paid on preferred stock Dividends Payable Equipment Franchise Gain (gross) on asset sale of discontinued division Gain on sale of trading securities Goodwill Hold-to-maturity securities Income tax payable Income Tax Provision--expense Interest Expense Inventories Interest Revenue Land Land held for expansion Operating Loss (gross) of discontinued division Note Payable in 2030 Note…