Sanders, Inc. reported net income of $205. Beginning and ending balances of accounts receivable were $40 and $45, respectively. • Accounts payable balances at the beginning and ending of the year were $35 and $33, respectively. Assuming all relevant information has been presented, Sanders should report net operating cash flows of: A $198 B $202 C $205 D $212 E None of these

Sanders, Inc. reported net income of $205. Beginning and ending balances of accounts receivable were $40 and $45, respectively. • Accounts payable balances at the beginning and ending of the year were $35 and $33, respectively. Assuming all relevant information has been presented, Sanders should report net operating cash flows of: A $198 B $202 C $205 D $212 E None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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i did most part, not sure if its correct. how do i find the cash at the begining of the year? i got $ -5500 as net decraese in cash
help me answer these please
Prepare a complete statement of cash flows using the direct method. Note: Amounts to be deducted should be indicated with a minus sign.
Accounts receivable from sales transactions were $45,331 at the beginning of the year and $66,395 at the end of the year. Net income reported on the income statement for the year was $118,325. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be Oa. $21,064 Ob. $118,325 Oc. $97,261 Od. $139,389
Using the Exhibit below, assume that the balance of Accounts Payable was $60,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Payable is $65,000 at the end of the current year. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on disposal of…
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:
X Co. reported an ending cash balance of P35,000. An examination of the Cash T-account revealed debits of P60,000 and credits of P45,000 during the period. The company's beginning (normal) cash balance was:
45. Last year Lawsby Company reported sales of 120,000 on its income statement. During the year, accounts receivable increased by 10,000 and accounts payable increased by 15,000. The company uses the direct method to determine the net cash provided by the operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:
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1401-42 Please make sure to use the account names from the attachement