OllyPop Beverage Company reported the following items in the most recent year. Net income   $41,700 Dividends paid   5,060 Increase in accounts receivable   10,640 Increase in accounts payable   7,220 Purchase of equipment (capital expenditure)   8,300 Depreciation expense   4,220 Issue of notes payable   21,440 Compute net cash provided by operating activities, the net change in cash during the year.

Q: A company's income statement showed the following: net income, $128,000 and depreciation expense,…

A: Cash flows from Operating activities : Net income $128,000 (+) Depreciation $31,200 (+)…

Q: During the year, a company had the following cash flows. Cash inflow from A/R collections $85,000…

A: An entity generates it's cash flow from different sources namely operating activities, investing…

Q: Bramble Company reported net income of $69800 for the year. During the year, accounts receivable…

A: Solution: Cash flow from operating activities represents cash flow from business operations such as…

Q: Accounts receivable from sales transactions were $46,255 at the beginning of the year and $67,957 at…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: In its fiscal 2010 balance sheet, Big Lots, Inc. reported cash and cash equivalents at the start of…

A: >Statement of Cash flows is one of the financial statements, and is prepared for a particular…

Q: Sokage Beverage Company reported the following items in the most recent year. Net income…

A: Compute net cash provided by operating activities, the net change in cash during the year. (Write as…

Q: Loster Company reported a net loss of $16,550 for the year ended December 31. During the year,…

A: Cash flow from operating activities: Cash flows from operating activities is part of Statement of…

Q: The following summary transactions occurred during the year for a company. Cash received from:…

A: The objective of the question is to calculate the net cash flows from investing activities for the…

Q: If Accounts receivable decrease by R.O.50,000 Income reported on the income statement for the year…

A:

Q: Last year Cucumber Company reported a cost of goods sold of $30,000. Inventories decreased by $7,000…

A: A cash flow statement is one of the financial statements that is used to indicate the amount of cash…

Q: Flora Inc. reported the following information: Net income: $640,000 Depreciation expense: $79,000…

A: Introduction: Statement of cash flows: All cash in and out flows are shown in cash flow statements.…

Q: The comparative balance sheets for Grumpy Corporation showed inventory increased by $4, 250,…

A: Cash flows from operating activities includes net income, non-cash items (depreciation,…

Q: Net income was $106,794. Accounts Payable increased by $19,324 while Accounts Receivable increased…

A: net cash provided by operating activitie = net income + increase in accounts payable - increase in…

Q: Blossom Company reported net income of $386000 for the year. During the year, accounts receivable…

A: Operating cash flow means cash inflow or outflow from main operations of the company. It is…

Q: Last year Cucumber Company reported a cost of goods sold of $30,000. Inventories decreased by $7,000…

A: given that, cost of goods sold of $30,000 Inventories decreased by $7,000 accounts payable decreased…

Q: The cash balance of Muscat Company is 28000 OMR at the beginning of the year. The cash flows during…

A: Cash Flow Statement is a statement which shows the flow of cash of a firm during the accounting…

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

A: Given:

Q: Using the direct method of reporting cash flows from operating activities, cash paid for merchandise…

A: Cost of merchandise purchased  =cost of merchandise sold +Closing Merchandise inventories -…

Q: Windsor, Inc. reported net income of $247000 for the year. During the year, accounts receivable…

A: Under Indirect method of cash flow, net income is adjusted to get the net cash flow from operating…

Q: A company reports net income of $9.300 for the year. During the year, the company reports an $1,060…

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

Q: Determine the increase or decrease in cash for last year given the following information. Net income…

A: Solution: Cash flow means the cash generated or paid during a period by a firm.

Q: Accounts receivable from sales transactions were $49,174 at the beginning of the year and $63,557 at…

A: The cash flow statement is an essential part of the financial statements of the organization. It is…

Q: The following information ($ in millions) comes from a recent annual report of Orinoco.com,…

A: The objective of the question is to calculate the cost of goods sold (COGS) for Orinoco.com,…

Q: Blue Spruce Co. reported the following items in the most recent year: Net income Dividends paid…

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

Q: Sales for the year were $551,730. Accounts receivable were $107,769 and $86,221 at the beginning and…

A: Definition: Accounts receivable: Accounts receivable refers to the amounts to be received within a…

Q: The cost of goods sold during the year was $341600. Inventory decreased by $11200 during the year…

A: Purchases = Cost of goods sold - Decrease in inventory Purchases = $341600 - $11200 Purchases =…

Q: Mashy Auto Parts Store had net income of $81,000 for the year just ended. Mashy collected the…

A: Given, Net income = $81,000 Increase in Accounts Receivable =$102,000 Decrease in merchandise…

Q: Curwen Inc. reported net cash flow from operating activities of $145,700 on its statement of cash…

A: Curwen Inc. reported net cash flow from operating activities of $145,700 on its statement of cash…

Q: Accounts receivable from sales transactions were $48,847 at the beginning of the year and $66,305 at…

A: The cash flow statement is prepared to estimate the net cash inflow or outflow from the business…

Q: The following information ($ in millions) comes from a recent annual report of Orinoco.com,…

A: The objective of the question is to calculate the total liabilities of Orinoco.com, Incorporated at…

Q: The following data relates to Ronaldo Inc. for last year: $117,000 $31,000 $45,000 $20,000 $8,000…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: Use the following information to compute net financial cash flow for a firm: Net income for the…

A: Cash flows in the business refer to cash inflows and cash outflows of business for a particular…

Q: The cost of goods sold during the year was $281200. Inventory increased by $9000 during the year and…

A: Cost of goods sold = $281200 Increase in Inventory = $9000 Accounts payable = $14100

Q: Oriole Company reports a $22000 increase in inventory and a $5600 decrease in accounts payable…

A: Purchases = Cost of goods sold + Ending inventory - Beginning inventory Cash payments made 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: What is the net cash at year-end?

A: Statement of cash flow: It refers to a financial statement that shows all the cash payments and…

Q: The following information ($ in millions) comes from a recent annual report of Orinoco.com,…

A: The objective of the question is to calculate the balance in cash at the beginning of the year for…

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…