The independent cases are listed below includes all balance sheet accounts related to operating activities:Case ACase BCase C$ 15,000$420,00080,000(20,000)50,00070,000(40,000)Net income$310,000Depreciation expenseAccounts receivable increase (decrease)Inventory increase (decrease)Accounts payable increase (decrease)Accrued liabilities increase (decrease)40,000100,000(50,000)(50,000)150,000(200,000)35,000120,000(220,000)60,000Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with aminus sign.)Case ACase BCase CNet IncomeAdjustments to Reconcile Net Income to NetCash Provided by Operating ActivitiesDepreciationChanges in Assets and LiabilitiesAccounts ReceivableInventoryAccounts PayableAccrued LiabilitiesNet Cash Provided by Operating Activities

The independent cases are listed below includes all balance sheet accounts related to operating activities: Case A Case B Case C $310,000 $ 15,000 $420,000 150,000 (200,000) (20,000) 35,000 120,000 (220,000) (40,000) Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 40,000 100,000 (50,000) (50,000) 60,000 80,000 50,000 70,000 Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities

The independent cases are listed below includes all balance sheet accounts related to operating activities: Case A Case B Case C $310,000 $ 15,000 $420,000 150,000 (200,000) (20,000) 35,000 120,000 (220,000) (40,000) Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 40,000 100,000 (50,000) (50,000) 60,000 80,000 50,000 70,000 Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities

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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ABC Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers' accounts of P3,000 45,000 Notes payable – bank, due on July 2022 25,000 Income tax payable 15,000 17. Total current assets reported in the December 31, 2021 balance sheet is a. 176,000 b. 156,000 c. 173,000 d. 170,000
Corporation.Gross income $25,240,000Total sales 24,324,000Total credit sales 18,785,000Net income 2,975,000Cost of goods sold 12,600,000Total assets 10,550,000Average inventory 2,875,000Average receivables 3,445,000a. Compute the receivable turnover ratio.b. Compute the inventory turnover ratio.c. Compute the asset turnover ratio.
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Consider the following financial information and answer the questions that follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assetsv) Calculate net capital spendingvi) Calculate change in NWC
Consider the following financial information and answer the questions that follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditorsiii) Calculate the cash flow to shareholdersiv) Calculate the cash flow from assetsv) Calculate net capital spendingvi) Calculate change in NWC
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