Inflow Opening Balance Revenue from Operations/Sales Dividend Received Interest Received Sale of Investments Sale of Fixed Assets Issue of Equity Shares Outflow 112 Payment to Suppliers of material Payment of Salary Payment of Overheads Amount 2122 60 100 Tax Paid 320 Interest paid on Loan 75 Loan Repayment 200 Purchase of Investments Purchase of Fixed Assets Dividend Paid Amount 896 114 544 58 32 65 400 550 40

1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis . 2. What is the net increase or decrease in the Cash account for year 2021?

What adjustment(s) should be made to reconcile net income to net cash flows from operating activities (indirect method) considering the following balances in current assets? For those boxes in which you must enter subtractive or negative numbers use a minus sign. Accounts receivable, beginning of year $23,000 Accounts receivable, end of year 29,000 Prepaid insurance, beginning of year 16,000 Prepaid insurance, end of year 13,000   Accounts Receivable $fill in the blank 1 Prepaid Insurance fill in the blank 2 Total $fill in the blank 3

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…

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When reporting cash on the balance sheet, companies: O A. combine cash and cash equivalents. B. show each bank account separately. C. combine cash with long - term investments. D. combine cash with accounts receivable.

Prepare a complete statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be indicated with a minus sign. Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory. FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales   $ 667,500 Cost of goods sold   302,000 Gross profit   365,500 Operating expenses (excluding depreciation) $ 149,400   Depreciation expense 37,750 187,150 Other gains (losses)     Loss on sale of equipment   (22,125) Income before taxes   156,225 Income taxes expense   48,050 Net income   $ 108,175   FORTEN COMPANY Comparative Balance Sheets December 31   Current Year…

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From the attached image, which deferred revenue do we need to consider for calculations? I can see two of them one is current and the other one is net of the current portion.

Use the following information from Dubuque Company’s financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.