Depreciation OMR 12000 Net Profit OMR 148000 The following accounts decreased during 2020: Accounts receivable OMR 20000 Inventory OMR18000 Rent payable OMR17000 Machinery OMR 25000 The following accounts increased during 2020: Notes receivable OMR 15000 Account payable OMR 18000 Bonds payable OMR 20000 What is the net cash flows from operating activities?

Depreciation OMR 12000 Net Profit OMR 148000 The following accounts decreased during 2020: Accounts receivable OMR 20000 Inventory OMR18000 Rent payable OMR17000 Machinery OMR 25000 The following accounts increased during 2020: Notes receivable OMR 15000 Account payable OMR 18000 Bonds payable OMR 20000 What is the net cash flows from operating activities?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 10MCQ

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suppose that a company's cash flow statement showed the following: net income: 22,523.99 deprecitation 4580.77 accounts receivable -543.32 inventory 592.81 accounts payable 880.05 what is this companys net cash from operating activities? A. 23,453.53 B. 27,154.25 C. 27,697.57 D. 28,034.30 E. 27,441.48
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
Use the appropriate information from the data provided below to calculate the net cash provided (used) by operating activities for the period. Net income Accounts receivable increase (for the period) Inventory decrease (for the period) Proceeds from the issuance of long-term debt Accounts payable decrease (for the period) Purchases of equipment Depreciation and amortization expense $ 113,000 24,000 19,000 260,000 11,000 175,000 42,000
An increase in inventories is deducted from net income to arrive at operating cash flow because a. cash payments to customers were larger than the purchases made during the period. b. purchases are larger than the cost of goods sold by the amount that inventories increased. c. cash payments to customers were less than the purchases made during the period. d. purchases are less than the cost of goods sold by the amount that inventories increased. e. All of these.
Preparing a Statement of Cash Flows Monon Cable Television Company reported the following financial statements for 20l9: Required: 1. Prepare a statement of cash flows using the indirect method to compute net cash flow from operating activities. 2. CONCEPTUAL CONNECTION Explain what has been responsible for the decrease in cash.
Consider the following cash flows: Year Cash Flow 07234 -$ 7,600 1 2,150 4,900 1,950 1,650 What is the payback period for the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Payback period years
EB8. LO 16.3 Use the following information from Kentucky Company's financial statements to determine operating net cash flows (indirect method). $176,000 18,750 15,000 12,000 5,500 Net income Depreciation expense Gain on sale of plant assets Increase in accounts receivable Decrease in accounts payable
What should be the impact(add or subtract) on statement of cash flow. Increase in Cash 40,308 -cash was 378,511 beg and 418,819 endg Decrease in Account receivable 15,351 Increase in Inventories. 15,117 Increase in prepayments. 16,776 Increase in PP&E. 1,134,644 - no sale of PPE during the year Increase in accumulated depreciation-no sale of PPE during the year Increase in Other Non-operating Assets. 8711 Decrease in account payable 660 Increase in other current liabilities. 114,596 Increase in long term debt 244,285 Increase in other -operating liabilities 140,026 Increase in common stock 96,991 Increase in retained earnings 340,879 Net Income was $474,378
CURRENT PERIOD CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 9734 Adjustments to Net for Non-Cash Expenses Depreciation and Amort 15766 (Gain) Loss on Fixed Assets 0 (Increase) Decrease in Assets Accounts Receivable - Trade Other Accounts Receivable -27695 Inventory Prepaid Expenses 16962 Other Assets Increase (Decrease) in Liabilities Accounts Payable - Trade 23707 Other Liabilities 2582 Net Cash From Operations 41056 CASH FLOWS FROM INVESTING ACTIVITIES Sale (Acquisition) of Fixed As 0 Net Cash From Investing 0 CASH FLOWS FROM FINANCING ACTIVITIES Notes Payable 0 Notes Payable 0 Notes Payable 0 Net Cash From 0 Total Cash Increase (Decrease) 41056 Cash - Beginning of Period 2168786 Cash - End of Period 2209842 Cash Book Balance - End of Perio 2211141 Please Find the mistakes in this cashflow statement.
2)Calculate the net impact on cash given the following information: decrease in accounts receivable= $30; decrease in inventory= $45; net fixed asset Disposals= $75; decrease in accounts payable= $27; increase in notes payable= $30; increase in long-term debt= $105; decrease in retained earnings= $18; decrease in common stock= $600.
Blossom Company reports the following information: Net income $ 539000 Depreciation expense 153000 Increase in accounts receivable 61000 Blossom should report cash provided by operating activities of $ 753000. $ 447000. $ 631000. $ 325000.
According to the information given in the table below, which of the following is cash flow from operating activities? Net income 101,000 Deprecation 35,000 Decrease in Accounts Receivable 22,000 Increase in Inventory 14,000 Decrease in Accounts Payable 23,000 Select one: a. 111000 b. 161000 c. 121000 d. 156000