In 2023, Witer Corporation had cash receipts of $56,000 and cash disbursements of $32,000. Witer's cash balance at December 31, 2023 was $78,000. What was Witer's January 1, 2023 cash balance?

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Sanders, Inc. reported net income of S205. Beginning and ending balances of accounts receivable were S40 and S45, respectively. Accounts payable balances at the beginning and ending ofthe year were S35 and S33, respectively. Assuming all relevant information has been presented, Sanders should report net operating cash flows of:

Ahmad Co. had the following balances on Dec,31 2019: cash flow provided by operating activities $ 120000, cash flow used by operating activities $ 75000, liabilities $ 100000, non-current liabilities $ 60000, compute the Financial Liquidity ratio: Select one: a..75 b..45 C..888 d. 1.125

Crane Company reported operating expenses of $370000 for 2021. The following data were extracted from the company's financial records: 12/31/20 12/31/21 Prepaid Expenses $59000 $68000 Accrued Expenses 209000 O $338000. O $420000. O $402000. O $320000. 250000 On a statement of cash flows for 2021, using the direct method, cash payments for operating expenses should be

n its CASH BASIS income statement for the year ended June 30, 2020, Selena Corp. reported revenue of $142,000 (i.e., total cash receipts from sales). Additional information was as follows:                         Accounts receivable June 30, 2019   $40,000                         Accounts receivable June 30, 2020   $45,600               Under the ACCRUAL basis, Selena Corp. should report sales revenue of     A. $147,600   B. $102,000   C. $182,000   D. $136,400

Swifty Ltd. had the following 2023 income statement data: Revenues Expenses 1/1/23 Revenues $113,000 In 2023, Swifty had the following activity in selected accounts: 12/31/23 49,200 $63,800 Accounts Receivable 19,100 113,000 34,780 1,320 Write-offs 96,000 Collections Allowance for Expected Credit Losses Write-offs 1.320 Swifty Ltd. Statement of Cash Flows (Indirect Method) 1,300 1.540 1.520 1/1/23 Loss on impairment 12/31/23 Prepare Swifty's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000).

Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities 2022 $3,010 3,510 2,765 1,914 2021 $4,770 $1,908 3,195 3,028 1,621 $11,199 $9,752 $5,800

Vaughn Corporation had the following activities in 2025. 1.Payment of accounts payable $827,000. 2. Issuance of common stock $268,000. 3. Payment of dividends $321,000. 4. Collection of note receivable $93,000. 5. Issuance of bonds payable $549,000. 6. Purchase of treasury stock $45,000. Compute the amount Vaughn should report as net cash provided (used) by financing activities in its 2025 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash by financing activities $

Frontier Rare Coins (FRC) was formed on January 1, 2024. Additional data for the year follow: i (Click the icon to view the data.) Read the requirements. Requirement 1. What is the purpose of the statement of cash flows? The purpose of the statement of cash flows is to show where cash came from and how cash was spent during the period. Requirement 2. Prepare FRC's income statement for the year ended December 31, 2024. Use the single-step format, with all revenues listed together and all expenses listed together. Frontier Rare Coins Income Statement Year Ended December 31, 2024 Revenue: Expenses: Total Expenses Net Income More info (...) a. On January 1, 2024, FRC issued no par common stock for $550,000. b. Early in January, FRC made the following cash payments: 1. For store fixtures, $54,000 2. 3. For merchandise inventory, $240,000 For rent expense on a store building, $15,000 c. Later in the year, FRC purchased merchandise inventory on account for $242,000. Before year-end, FRC paid…