Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be Indicated with a minus sign.) a Sold a truck costing $48,000, with $25,200 of accumulated depreciation, for $11,200 cash. The sale results in a $11,600 loss. b. Sold a machine costing $13,800, with $9,600 of accumulated depreciation, for $8,200 cash. The sale results in a $4,000 gain. c. Purchased stock Investments for $24,000 cash. The purchaser belleves the stock is worth at least $33,200. Cash flows from investing activities $ 0
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- A machine with a cost of $144.000, accumulated depreciation of $92,000, and current year depreciation expense of $20,500 is sold for $45,600 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $46,400. $6.400. $20,500 Prev 6 of 10 Next > 6:35 PM 3/28/2022Klp.6 Using the data in the table, calculate the operating cash flow for Cyberdyne. Round your answer to the nearest dollar (no decimals). Cyberdyne Systems Selected Financial Information Net Income $1,215 Depreciation 400 Interest 550 Tax Rate 0.30 Operating cash flow = $QS 12-12 (Algo) Computing cash flows from investing LO P3 Sale of investments Cash collections from customers Cash purchase of used equipment Depreciation expense $ 3,000 7,900 2,600 1,000 Investing Activities $ Compute cash flows from investing activities using the above company information. Note: Amounts to be deducted should be indicated by a minus sign.
- Preparing a Statement of Cash Flows Monon Cable Television Company reported the following financial statements for 20l9: Required: 1. Prepare a statement of cash flows using the indirect method to compute net cash flow from operating activities. 2. CONCEPTUAL CONNECTION Explain what has been responsible for the decrease in cash.EB8. LO 16.3 Use the following information from Kentucky Company's financial statements to determine operating net cash flows (indirect method). $176,000 18,750 15,000 12,000 5,500 Net income Depreciation expense Gain on sale of plant assets Increase in accounts receivable Decrease in accounts payable11 Compute Cash Flow from Operating Activities from the following details: Particulars Trade Receivables: Debtors CA Bills Receivable CA Trade Payables: Creditors CL Bills Payable CL L Expenses Outstanding Accrued Income CAT Depreciation on Fixed Assets No + Surplus, i.e., Balance in Statement of Profit & Loss 31st March, 2023 (R) 50,000 23,000 28,000 22,000 4,500 9,000 5,000 90,000 31st March 2022 ) 60,000 25,000 32,000 35,000 3,500 8,000 4,000 80,000
- Use the following information and the indirect method to calculate the net cash provided or used by operating activitie $ 85,700 12,400 7,900 2,450 6,550 Net income Depreciation expense Gain on sale of land Increase in merchandise inventory Increase in accounts payable ↑ Multiple Choice VLC #m 3 E $94,300. d 54 L f O % 5 * 00 8 j 11 9 k X Omy w E12-7 Preparlng and Evaluating a Slimple Statement of Cash Flows (Indirect Method) [LO 12-1, LO 12-2, LO 12-5] Suppose the income statement for Goggle Company reports $131 of net income, after deducting depreciation of $26. The company bought equipment costing $105 and obtained a long-term bank loan for $106. The company's comparative balance sheet, at December 31, is presented here. Requlred: 1. Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and. financing activities (+ for increase and - for decrease). 2. Prepare a statement of cash flows using the indirect method. 6. Are the cash flows typical of a start-up, healthy, or troubled company? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 6 Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) GOGGLE COMPANY Statement of Cash Flows For the…PB6. LO 16.3 Use the following excerpts from Kayak Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. 2018 Income Statement Balance Sheets $ 777,000 (555,000) (22,000) (44,000) (11,000) 145,000 Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Loss on Sale of Plant Assets Net Income Accounts Receivable Inventory Accounts Payable Accrued Liabilities Dec. 31, 2018 $63,300 2,400 35,000 2,100 Dec. 31, 2017 $63,000 2,800 37,400 2,650 Accounts Receivable Inventory Accounts Payable Accrued Liabilities
- Problem 11-4B Prepare a statement of cash flows—indirect method (LO11-2, 11-3, 11-4, 11-5) The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMSIncome StatementFor the year ended December 31, 2021 Net sales $ 2,400,000 Gain on sale of land 9,000 Total revenues 2,409,000 Expenses: Cost of goods sold $ 1,550,000 Operating expenses 595,000 Depreciation expense 13,000 Interest expense 14,000 Income tax expense 60,000 Total expenses 2,232,000 Net income $ 177,000 VIRTUAL GAMING SYSTEMSBalance SheetsDecember 31 2021 2020 Assets Current assets: Cash $ 107,300 $ 50,800 Accounts receivable 66,000 80,000 Inventory 130,000 125,000 Prepaid rent…PB10. LO 16.4 Use the following excerpts from Mountain Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. Dec. 31, 2018 Dec. 31, 2017 $ 93,000 Cash Account Receivable Merchandise Inventory Investments $100,000 19,000 29,000 132,000 90,000 18,000 31,500 120,000 90,000 Plant Assets Accumulated Depreciation Total Assets (37,000) 333,000 (23,000) 329,500 Accounts Payable Accrued Liabilities 12,100 2,400 81,000 237,500 333,000 13,400 1,900 63,000 251,200 Common Stock Retained Earnings Total Liabilities and Equity 329,500 Additional information: Net income (loss) for 2018 Depreciation expense for 2018 Investments purchased, for cash Common stock issued for cash, at par value Dividends declared and paid (5,700) 14,000 12,000 18,000 8,000Problem 11-4B Prepare a statement of cash flows—indirect method (LO11-2, 11-3, 11-4, 11-5) The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMSIncome StatementFor the Year Ended December 31, 2021 Net sales $ 2,600,000 Gain on sale of land 7,000 Total revenues 2,607,000 Expenses: Cost of goods sold $ 1,650,000 Operating expenses 615,000 Depreciation expense 33,000 Interest expense 34,000 Income tax expense 80,000 Total expenses 2,412,000 Net income $ 195,000 VIRTUAL GAMING SYSTEMSBalance SheetsDecember 31 2021 2020 Assets Current assets: Cash $ 409,500 $ 343,800 Accounts receivable 64,000 80,000 Inventory 160,000 145,000 Prepaid rent 4,600…