INI60 rah MW1100 Nabat xBFIN360 A2 Fall 2021202->adocs.google.com/forms/d/e/1FAlpQLSdhx/wkRBg-5yslim AeX919m21SF4)xzbwov4D68WUmoFzSq/formResponse?pli=13. Using the indirect method of cash flow statement, what is the net cashprovided by financing activities for the year 2020? "O A) Cash inflows of $910O B) Cash outflows of $990O C) Cash inflows of $170O D) Cash outflows of $170O E) None of the above.4. Using the indirect method of cash flow statement, what is the net change incash for the year 2020?O A) Decrease in cash by $250O B) Increase in cash by $250O C) Increase in cash by $480O D) Decrease in cash by S230O E) None of the above.10:13A D 4) ENG22-De RequiredConsider the following selected financial information for Green Woods Company.Green Woods CompanyGreen Woods CompanyBalance SheetFor the Year Euded December 31, 2019 & 2020Income StatementFor the Year Ended December 31, 202020202019Assets$230$480Revenues$9.000Accounts RecEvablen tories:$510$5905960S980S3.140 $2 150$15201.(S80)Less: Depreciation expenseS650Less Other operating expenses7 100Plaat & EgupoentLess AccmaNDepecabonTotal AssetsLiabilities & OELess Interest Expense440S810S1705550S120$280S& 30S910$1 100 $1.550Income before income taxesAccounts Payalikncome Tax PayableLenp Term DeComman StocKRetained Eatr$270 00Income tax expenseNet incomeS51001SS3.310 $3.31000ESTotal Liebilitiess and 0 E

Cash flows of the business can be cash inflows or cash outflows. Cash inflows mean incoming of cash…

3, Using the indirect method of cash flow statement, what is the net cash provided by financing activities for the year 2020? " A) Cash inflows of $910 B) Cash outflows of $990 C) Cash inflows of $170 O D) Cash outflows of $170 O E) None of the above. 4. Using the indirect method of cash flow statement, what is the net change in cash for the year 2020? O AJ Decrease in cash by $250 O B) Increase in cash by $250 O C) Increase in cash by $480 O D) Decrease in cash by $230 O E) None of the above

3, Using the indirect method of cash flow statement, what is the net cash provided by financing activities for the year 2020? " A) Cash inflows of $910 B) Cash outflows of $990 C) Cash inflows of $170 O D) Cash outflows of $170 O E) None of the above. 4. Using the indirect method of cash flow statement, what is the net change in cash for the year 2020? O AJ Decrease in cash by $250 O B) Increase in cash by $250 O C) Increase in cash by $480 O D) Decrease in cash by $230 O E) None of the above

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 16E

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Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown in random order as follows: Required: 1. Prepare a December 31, 2019, balance sheet for Baggett. 2. Compute the debt to-assets ratio.
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ $ 467,052 357,800 281,165 223,625 185,887 134, 175 66,321 49,376 42,035 31,486 108,356 80,862 77,531 53,313 14,421 10,929 $ $ 63,110 42,384 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets 2020 Assets Current assets Long-term investments Plant assets, net Total assets December 31 2021 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2019 $…
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Required Information (The following information applies to the questions displayed below] Selected comparative finencial statements of Korbin Company follow KORBIN COMPANY Comparative Incone tatanants Foe Year Ended Decanbar 31, 2019, 2018, and 2017 2019 8437,333 1335.033 2017 6232, S00 2018 Sales Cont of gooda sold Ge peofit Selling expanaea Adminiateatie enpenses Tetal anpensas Income hetoee tanaa 14, 00 3, 700 30,690 19,298 49,948 33,712 6.44 263,274 174,059 62, 101 210,401 174, 622 46,235 29,403 75.718 48,914 10,027 i 38,87 39,360 101,461 72, 538 523.503 S 59,095 Incoma taR xpansa. Net inoome 526,868 KORBIN COMPANY Comparativa Balanoa Sheata Decembes 31, 2019, 2018, and 2017 2019 2010 2017 Aasata Cursant a ata Long-tem invaatnanta Plant asseta, nat E37,777 6 30,499 700 4, E20 102, 224 34,157 54,768 6209. 887 Total as eta $195. 6EE E132, 634 Liabilities and Equity Cuerent 1iabilitiea Comman atook other paid-in capita Ratainad aaeninga 23,211 64,000 1,000 $ 19,762 64,000 8,000 5…
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view Policies Current Attempt in Progress Using these data from the comparative balance sheet of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 467,400 $ 410,000 Inventory $ 785,400 % $ 660,000 % Total assets $3,197,900 % $2,830,000 % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288…
HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288 Depreciation 50,000…
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31,2018 and 2019.December 31 2018 2019Cash . . . . . . . . . . . . . . . . . . . . . . . . $ 64,300 $ 15,640Accounts receivable . . . . . . . . . . . 26,240 19,100Office supplies . . . . . . . . . . . . . . . . 3,160 1,960Office equipment . . . . . . . . . . . . . . 44,000 44,000Trucks . . . . . . . . . . . . . . . . . . . . . . . 148,000 157,000December 31 2018 2019Building . . . . . . . . . . . . . . . . . . . . . $ 0 $80,000Land . . . . . . . . . . . . . . . . . . . . . . . . 0 60,000Accounts payable . . . . . . . . . . . . . 3,500 33,500Note payable . . . . . . . . . . . . . . . . . 0 40,000Required1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total equityon the balance sheet and remember that total equity equals the difference between assets and liabilities.2. Compute net income for 2019 by comparing total equity amounts for these…
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,180 $1,836Accounts receivable, net 3,600 3,180Inventories 2,738 3,019Other current assets 1,932 1,590Total current assets $11,450 $9,625Current liabilities $4,830 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million Link to Text