December 31, 2021, Wellstone Company reported net income of $73,000and sales of$201,000. The company also reported beginning end ending occounts recelvable at$18,500and$26,500, respectively Welistone wil feport cosh collected trom customers in its 2021 statement of cash flows (direct method) in the amount of:

Rize Kamishiro Corp. uses the direct method to prepare its statement of cash flows. Rize Kamishiro's trial balances at December 31, 2021 and 2022 are as follows: 12/31/22 12/31/21 Debits Cash P35,000 33,000 31,000 100,000 4,500 P32,000 30,000 47,000 95,000 Accounts receivable Inventory Property, plant and equipment Unamortized bond discount Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 5,000 380,000 172,000 151,300 250,000 141,500 137,000 4,300 20,400 P756,700 2,600 61,200 P976,100 Credits Allowance for uncollectible accounts P1,300 P1,100 Accumulated depreciation Trade accounts payable Income taxes payable Deferred tax liability 8% callable bonds payable Share capital Share premium Retained earnings 16,500 15,000 25,000 21,000 5,300 45,000 50,000 17,500 27,100 4,600 20,000 40,000 7,500 64,600 778,700 P976,100 9,100 44,700 Sales 538,800 P756,700 • Rize Kamishiro purchased P5,000 in equipment during 2022. • Rize Kamishiro…

Sheridan Company completed its first year of operations on December 31. 2022. It initial income statement showed that Sheridan had sales revenue of $190,900 and operating expenses of $73,200. Accounts receivable and accounts payable at year-end were $63,900 and $31,600 respectively. Assume that accounts payable related to operating expenses. Inore income taxes. Compute net cash provided by operating activities using the direct method. (Show amo wnts that decrease cosh fow with either a sign eg 1s oog orinparenthesises (15,000) Net cash provided by operating activities

Simbop Company reported 2020 net income of $151,000. During 2020, accounts receivable increased by $15,010 and accounts payable increased by $9,966. Depreciation expense was $39,300.Prepare the cash flows from operating activities section of the statement of cash flows.

9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $321,400 and $354,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of: Group of answer choices $5,117,100 $5,150,000 $5,192,900 $5,182,900

Using the Exhibit below, assume that the balance of Accounts Receivable was $61,000 at the beginning of the current year.  Furthermore, assume that the balance of Accounts Receivable is $62,000 at the end of the current year.  When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts receivable on the Cash flow from operating activities section? EXHIBIT                                                                                       Increase                                                                                     (Decrease)      Net Income (loss)                                                         $XXX Adjustments to reconcile net income to net cash flow        from operating activities:    Depreciation of fixed assets                                       XXX    Losses on disposal of assets                                      XXX    Gains on…

In 2021, Lmao company reported cash basis income of P 7,800,000. Tracing back its records, accounts receivable and accounts payable on December 31, 2021 were P5,200,000 and P 1,950,000 respectively. During the year, the accounts receivable increased by 200% while accounts payable decreased by 50%. How much were net income using accrual method?

How does Accounts Payable impact Declan's Designs' 2022 Statement of Cash Flows?

Prepare the Cash Flow Statement for Dell Technologies Inc. for January 29th 2021 using the Direct Method. DELL TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF INCOME (LOSS)                         29TH JANUARY 2021 (in millions)   Net Revenue                                                   94,224 Cost of Net Revenue                                      (64,807) Gross Margin                                                  29,417 Operating Expenses: Selling, General & Admin      18,998 Depreciation Expense             5,275 Total Operating Expenses                              (24,273) Operating Profit                                              5,144 Interest Expense                                             (1,474) Pretax Income                                                 3,670 Income Tax Expense                                      (165) Net Profit                                                        3,505     DELL TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF FINANCIAL…

Prepare Morganson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. P16-34A Preparing the statement of cash flows-indire ct method with The 2018 income statement and comparative balance shect of Rolling Hills, Inc. non-cash transactions follow ROLLING HILLS, INC. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 440,000 Cost of Goods Sold 209,200 Gross Profit 230,800 Operating Expenses: Salaries Expense $ 77,400 Depreciation Expense-Plant Assets 14,400 Other Operating Expenses 10,200 Total Operating Expenses 102,000 Operating Income 128,800 Other Income and (Expenses): Interest Revenue 8,700 Interest Expense (21,100) Total Other Income and (Expenses) (12,400) Net Income Before Income Taxes 116,400 Income Tax Expense 20,000 $ 96,400 Net Income