
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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During 2022, Vaughn Manufacturing reported cash provided by operations of $810000, cash used in investing of $700000, and cash used in financing of $194000. In addition, cash spent on fixed assets during the period was $282000. Average current liabilities were $663000 and average total liabilities were $1750000. No dividends were paid. Based on this information, what was Vaughn
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Free cash flow = Cash provided by operating activities - Capital expenditure
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- Sheridan Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total SHERIDAN CORPORATION Comparative Balance Sheets December 31 Additional information: 1. 2. 3. 2022 $14,900 21,500 19,700 70,100 (14,800) $111,400 $12,100 75,400 23,900 $111,400 2021 $10,400 23,400 25,900 70,100 (10,700) $119,100 $31,300 70,600 17,200 $119,100 Net income was $22,400. Dividends declared and paid were $15,700. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4.900.arrow_forwardConstruct a Statement of Cash Flows including: Net cash flows from operating activities. Net cash flows from investing activities. Net cash flows from financing activities. Net change in cash.arrow_forward30.For 2020, the FNL Corporation reported $ 21,500 of Income on an Equity Method Investment. During the same year, FNL received $ 1,500 of dividends from this investment. Assuming that the company uses the indirect method to prepare the Statement of Cash Flows, what is the net effect of this investment when adjusting the Net Income to compute the Cash Provided by the Operating Activities? Select one: a It will increase by $ 1,500. b. It will decrease by $ 20,000. c. It will increase by $ 20,000. d. $ 0. It has no effect.arrow_forward
- Fidelity Systems reports net income of $81 million. Included in that number is depreciation expense of $9 million, and a gain on the sale of equipment of $2 million. Records reveal increases in Accounts Receivable, Inventory, and Accounts Payable of $3 million, $3 million, and $2 million, respectively. Calculate Fidelity's net cash flows from operating activities using the indirect method. (Negative value should be indicated by minus sign. Enter your answer in millions.) Net cash flows from operating activities millionarrow_forwardSuppose that during 2022, Cypress Semiconductor Corporation reported net cash provided by operating activities of $84,373,000, cash used in investing of $46,884,000, and cash used in financing of $7,812,000. In addition, cash spent for plant assets during the period was $28,094,000. No dividends were paid. Calculate free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g.(45).) Free cash flow $arrow_forwardOriole Company had net income of $201,500 in 2020. Depreciation expense for the year is $51,300. During the year, Accounts Receivable increased $9,300 and Prepaid Expenses decreased $2,300. The company also sold equipment at a loss of $4,300. Calculate net cash flows from operating activities using the indirect method. Net cash flows from operating activities $arrow_forward
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