FORTEN COMPANY Income Statement For Current Year Ended December 31 $ 642,500 297,000 345,500 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense other expenses other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense $ 32,750 144,400 177,150 (17,125) 151,225 41,050 Net income $ 110,175 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $17,125 (details in b). b. Sold equipment costing $82,875, with accumulated depreciation of $42.125, for $23,625 cash. c. Purchased equipment costing $108,375 by paying $54,000 cash and signing a long-term note payable for the balance. d. Borrowed $5,200 cash by signing a short-term note payable. e. Paid $56,125 cash to reduce the long-term notes payable. f. Issued 3,700 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $52,500.

Accounting Question

Use ulate the cash flow from operating activities using the indirect method. AA. Statement of Cash Flows (Indirect Method) Use the following information regarding the Surpa Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Surpa's operating-cash-flow -to-current-liabilities ratio. Accounts payable increase. . Accounts receivable increase. . . Accrued liabilities decrease . .. Amortization expense. . Cash balance, January 1.. . Cash balance, December 31.. Cash paid as dividends ... Cash paid to purchase land . .. Cash paid to retire bonds payable at par. . Cash received from issuance of common stock... Cash received from sale of equipment . .. Depreciation expense. .. Gain on sale of equipment . . .. Inventory decrease. . . Net income. . .. am . . . $ 13,000 .. 4,000 6,000 7,000 21,000 17,000 31,000 90,000 60,000 40,000 17,000 29,000 7,000 13,000 78,000 3,000 140,000 Prepaid expenses increase ... Average current liabilities. .. A. Cash Flow…

The income statement and the cash flows from operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. Sales Cost of goods sold Gross margin Salaries expense Insurance expense Depreciation expense Depletion expense Interest expense Gains and losses: Gain on sale of equipment Loss on sale of land Income before tax Income tax expense SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands) Net income Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for interest Cash paid for insurance Cash paid for income tax Net cash flows from operating activities $35.0 16.9 9.0 3.4 10.4 $ 271.7 (168.8) 102.9 (74.7) 19.0 (6.4) 40.8 (20.4) $ 20.4 $225.0…

Which of the following activities caused the greatest change in cash during the year? HINTS: You can find the breakdown of these activities on the Statements of Cash Flows. Multiple Choice O Operating activities Investing activities Financing activities

Activity reported in the Financing Activities section of the statement of cash flows would include accounts classified as a.current assets and current liabilities. b.long-term assets and long-term liabilities. c.long-term liabilities and stockholders' equity. d.current liabilities and stockholders' equity.

Hamburger Heaven's income statement for the current year and selected balance sheet data for the current and prior years ended December 31 are presented below. Income Statement Sales Revenue $1,860 Expenses: Cost of Goods Sold 850 Depreciation Expense Salaries and Wages Expense Rent Expense 150 450 200 Insurance Expense 75 Interest Expense Utilities Expense 45 Net Income 35 Selected Balance Sheet Accounts Current Year Prior Year 72 Inventory Accounts Receivable 55 355 400 Accounts Payable Salaries/Wages Payable Utilities Payable Prepaid Rent Prepaid Insurance 225 260 39 25 25 10 14 TIP: Prepaid Rent decreased because the amount taken out of Prepaid Rent (and subtracted from net income as Rent Expense) was more than the amount paid for rent in cash during the current year. Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Describe the two formats for reporting operating activities on the statement of cash flows.

Exercise 15-2 (Algo) Net Cash Provided by Operating Activities [LO15-2] For the year just completed, Hanna Company had net income of $81,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable December 31 Beginning of Year End of Year $ 60,000 $ 162,000 $ 448,000 $ 11,000 $368,000 $ 7,500 $ 35,000 $ 78,000 $ 186,000 $ 346,000 $ 14,000 $ 390,000 $ 12,000 $ 25,000 The Accumulated Depreciation account had total credits of $44,000 during the year. Hanna Company did not record any gains or losses during the year.

Can you please write the calculations step by step including the formulas. How did you calculate the Cash flow in order to calculate the cumulative cash flow after that?