Kensington Company, an SME, reported net income of P500,000 in 2021. Gain on sale of equipment was P90,000. The following working capital accounts changes:   Accounts Receivables P110,000 increase Trading equity instrument 160,000 decrease Inventory 73,000 increase Non-Trade note payable 150,000 increase Accounts payable 122,000 increase Under the indirect method, what is the net cash provided by operating activities?

Q: Cainey Enterprises loaned $30,000 to Small Co. on June 1, Year 1, for one year at 7 percent…

A: Solution: Loan given will be recorded in the Notes receivable account. On Year end, adjustment will…

Q: Kennedy, Inc. reported the following data: Net income $140,711 Depreciation expense 16,055 Loss on…

A: The cash flow statement helps to find net cash flow from various business activities like operating,…

Q: For the year ended December 31, 2003, ALASKA  had cash flow from operating activities of P12,000,…

A: Cash flow from: Operating activities =  12000 Investment activities = -10000 Financing activities =…

Q: At the end of 2021, Company X reported the following balance sheet data (for simplicity, not all…

A: The cash flow statement is prepared to record cash flow from various activities during the period .…

Q: Naples Inc. reported sales of $2.16 million for 2022. Accounts receivable decreased $180,000 and…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: Prepare the operating activities section of the 2021 statement of cash flows.

A: Given:

Q: Net cash flows from operating activities P720,000 Decrease in trade payables 23,000 Decrease in…

A: Under Cash flow from operating activities section, Net Cash flow from operating activities is…

Q: Prepare cash flows from operating activities using the direct method: Net income Depreciation…

A: There are 2 methods of preparing cash flow from operations part of cash flow statement, direct…

Q: Bolton Merchandising had cash and cash equivalents at January 1, 2019 of P400,000. The operating…

A: The cash flow statement is one of the financial statements of the business, which is prepared to…

Q: Metlock, Inc. had an increase in inventory of $108000. The cost of goods sold was $504000. There was…

A: Cash payments to suppliers is computed by adjusting increase or decrease in inventory and accounts…

Q: Sweet Acacia Industries reported net income of $1.40 million in 2022. Depreciation for the year was…

A: CASH FLOW STATEMENTCash flow statement provides additional information to user of financial…

Q: Depreciation expense 14,195 Loss on disposal of equipment (10,514) Gain on sale of building 20,604…

A: Cash flow from operating activities: Cash is generated from the operations or day to day activities…

Q: Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The following…

A: A CFS (cash flow statement) is a statement that lists the different types of inflows (sources) and…

Q: Calculate net cash flows from operating activities using the indirect method. (List cash outflows…

A: Given information is: Laser World reports net income of $470,000. Depreciation expense is $32,000,…

Q: For 20X1, MAP Inc. had net income of $8,100 and collected the following information: Received…

A: Step 1:Computation of the net cash provided (used) by financing activities for 20X1:Cash flows from…

Q: Situation A: A company has revenues of P200,000 and operating expenses of P110,000 in its 1st year…

A: Cash paid to suppliers =Cost of goods sold [COGS] + Increase in inventories + Accounts payable…

Q: Sulzer Sdn Bhd has the following information for the year ending 31 December 2021. RM 213,500…

A: Cash flow statement is the financial statement that records all the cash inflow and cash outflow…

Q: b. Use a negative sign with cash outflow answers. WOLFF COMPANY Statement of Cash Flows For Year…

A: Free cash flow = cash flow from operating activities - Capital expenditure - dividend paid

Q: aughn Company completed its first year of operations on December 31, 2022. Its initial income…

A: Operating Activities: These are the functions that are directly related to its goods or services.…

Q: Consider the following information from the Income Statement of Production Ltd. on 31st December…

A: CASH FLOW STATEMENTCash flow statement is additional information to user of financial statement.…

Q: Macrosoft Company reports net income of $62,000. The accounting records reveal depreciation expense…

A: Cash flow from operating activity includes transactions related to cash inflow and outflow of the…

Q: Yeoman Inc. reported the following data: Net income $170,000 Depreciation expense 29,000 Loss on…

A: Cash flow from Operating activities section includes those items of Cash Inflows and Cash outflows…

Q: According to the information given in the table below, which of the following is cash flow from…

A: The question is multiple choice question  Required  Choose the Correct Option.

Q: ORANGE Corporation reported net income of P 3,000,000 for 2021. Changes occurred in several balance…

A: Operating Activity: Operating activities are the functions of a company directly connected to…

Q: In 2021, Lmao company reported cash basis income of P 7,800,000. Tracing back its records, accounts…

A: When transactions are recorded in the books as they are incurred or earned irrespective of actual…

Q: Lily, Inc. reported net income of $2.3 million in 2022. Depreciation for the year was $161,500,…

A: Cash flow statement :— It is one of the financial statements that shows change in cash and cash…

Q: What amount should be reported as net cash provided by operating 1p activities? Kollar Corporation…

A: Financial statements are those statements which are prepared at the end of accounting period in…

Q: Hurricanes plc has operating profit for the year ended 30 December 2021 of £98,200, after charging…

A: Operating activities are one of the sections of the cash flow statement that tracks the incoming or…

Q: Cemptex Corporation prepares its statement of cash flows using the indirect method to report…

A: Cash flow from operating activities (Indirect method) = Net income + Depreciation +/- changes in…

Q: In 2020, Windsor Corporation reported a net loss of $69,800. Windsor’s only net income adjustments…

A: The net cash provided by operating activities can be calculated with the help of indirect method of…

Q: Comprehensive Problem Poco Lo, Co.'s 2020 balance sheet and 2021 common-size income statement…

A:

Q: From the following information relating to Y Ltd, calculated the cash Flow from Operating…

A: Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its…

Q: Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating…

A: The direct method is also called the Income statement method.   Cash flow from Revenue - Cash…