The net income reported on the income statement for the current year was $278,600. Depreciation recorded on equipment and a building amounted to $83,300 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:   End of Year Beginning of Year Cash $71,320   $74,890   Accounts receivable (net) 90,430   92,410   Inventories 178,300   159,220   Prepaid expenses 9,910   10,560   Accounts payable (merchandise creditors) 79,660   83,580   Salaries payable 11,480   10,410   a.  Prepare the "Cash Flows from Operating Activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.     Statement of Cash Flows (partial) Cash flows from operating activities: Net income  Adjustments to reconcile net income to net cash flow from operating activities: Depreciation  Changes in current operating assets and liabilities: Decrease in accounts receivable  Increase in inventories  Decrease in prepaid expenses  Decrease in accounts payable  Increase in salaries payable  Net cash flow from operating activities

Exercise 16 - 5 (Algo) Indirect: Cash flows from operating activities LO P2SFitz Company reports the following information.Selected Annual Income Statement DataNet incomeDepreciation expenseAmortization expenseGain on sale of plant assetsSelected Year - End Balance Sheet Data$ 376,000 Accounts receivable decrease 44,200 Inventory decrease 7,300 Prepaid expenses increase6, 100 Accounts payable decreaseSalaries payable increase$ 122, 40042, 5005, 8008, 8002, 400Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended

Print Item Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $149,000. Depreciation recorded on store equipment for the year amounted to $24,600. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:   End of Year Beginning of Year Cash $58,710   $53,430   Accounts receivable (net) 42,100   39,480   Merchandise inventory 57,480   60,110   Prepaid expenses 6,460   5,080   Accounts payable (merchandise creditors) 55,010   50,540   Wages payable 30,060   33,020   a.  Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.   Statement of Cash Flows (partial)   Cash flows from operating activities:       $   Adjustments to reconcile net income to…

The following information is available from the current period financial statements: Net income $133,833 Depreciation expense 22,491 Increase in accounts receivable 17,461 Decrease in accounts payable 28,059 The net cash flow from operating activities using the indirect method is:

Cash Flows from Operating Activities—Indirect Method The income statement disclosed the following items for year: Depreciation expense $36,900 Gain on disposal of equipment 21,510 Net income 222,200 The changes in the current asset and liability accounts for the year are as follows:   Increase(Decrease) Accounts receivable $5,740 Inventory (3,270)   Prepaid insurance (1,230) Accounts payable (3,890) Income taxes payable 1,230 Dividends payable 860 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.   Statement of Cash Flows (partial) For the year ended xxx Cash flows from operating activities:     Net income  $fill in the blank edc573f62020fa6_2   Adjustments to reconcile net income to net cash flow from operating activities:     Depreciation  fill in the blank…

it is about constructing cash flow statement using indirect method, how is it get the 45? And please explain the calculation.

Cash Flows from Operating Activities—Indirect Method Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands): Net income $149,774 Loss on disposal of property (149) Depreciation expense 13,226 Other items involving noncash expense 837 Balance sheet data (in thousands):   Increase in accounts receivanle 13,041 Increase in inventory 7,565 Increase in prepaid expense 10,548 Increase in accounts payable and other current liabilities 17,464 a.  Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above. National Beverage Co. Cash Flows from Operating Activities (in thousands) Cash flows…

Current Attempt in Progress Lee Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5180000 $3979520. $5180000. $6380480. $5706480. 704480 159000 337000 Lee should report cash provided by operating activities of

Cash Flows from (Used for) Operating Activities The income statement disclosed the following items for the year: Depreciation expense Gain on disposal of equipment Net income The changes in the current asset and liability accounts for the year are as follows: Accounts receivable Inventory Prepaid insurance Accounts payable Income taxes payable Dividends payable Increase (Decrease) $5,190 (2,950) (1,110) (3,520) 1,110 780 $33,300 19,440 225,100 a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: 27 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities b. Why is net cash flows from operating…

Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $154,700. Depreciation recorded on store equipment for the year amounted to $25,500. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Wages payable a. Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Cash flows from operating activities: End of Year Beginning of Year $63,120 $58,070 45,260 42,910 61,790 65,330 6,940 5,520 59,140 54,930 32,320 35,890 Statement of Cash Flows (partial) Changes Adjustments to reconcile net income to net cash flow from operating activities: n current operating assets and liabilities: Net cash…