ACC2363_BE 22-14

Given the following data from company def, using the direct method of cash flows the company would have determined its cash inflow to be:  $30,000.00 Accounts receivable, at 12/31/2018 $20,000.00 Accounts receivable, at 12/31/2019 $507,000.00 Sales for year 2019 $357,000.00 Gross Profit A) 497,000 B) 367,000 C) 347,000 D) 517,000

Skysong Corporation had the following 2025 income statement. Sales revenue $186,000 Cost of goods sold 127,000 Gross profit 59,000 Operating expenses (includes depreciation of $22,000) 45,000 Net income $14,000 The following accounts increased during 2025: Accounts Receivable $13,000, Inventory $12,000, and Accounts Paya Prepare the cash flows from operating activities section of Skysong's 2025 statement of cash flows using the direct n SKYSONG CORPORATION Statement of Cash Flows-Direct Method (Partial) For the Year Ended December 31, 2025 Cash Flows from Operating Activities Cash Received from Customers Cash Payment to Suppliers Cash Payment for Operating Expenses $ $ Net Cash Provided by Operating Activities $

> ABC Inc. is preparing its cash flow statement under the direct method and has provided this information: Net credit sales $5,000,000 Accounts receivable, end of the year 1,500,000 Accounts receivable, beginning of the year 2,500,000 Purchases (on account) 4,000,000 Trade payable, end of the year 1,900,000 Trade payable, beginning of the year 2,000,000 Operating expenses 3,000,000 Accrued expenses, beginning of the year 500,000 Accrued expenses, end of the year 400,000 Depreciation on property, plant, and equipment 600,000 > Required: Prepare the operating activities section of cash flow statement under the direct method.

kany company reported net income of $78,000 and sales of $219,000at December 31, 2020, Kathy also reported beginning and ending accounts receivable at $20,000 and $25,000, respectively. Kathy will report cash collected from customers in its 2020 statement of cash flows (direct method) in the amount of:

Prepare the operating activities section of the statement of cash flows for 2020

Required:  a. Calculate: Cash receipts from customers. Cash payments for operating expenses. b.  Prepare the operating activities section of the statement of cash flows for 2020.

Calculate the cash operating cycle of Stone Limited for the year ended 30 April, 2018 and 2019.

Colbert Corporation had the following 2017 income statement. Revenues $100,000 Expenses 60,000   $ 40,000 In 2017, Colbert had the following activity in selected accounts. Check the below image for selected account's activity. Prepare Colbert’s cash flows from operating activities section of the statement of cash flows using (a) the direct method and (b) the indirect method.

Hogan Company had the following account balances for 2021:    Dec. 31 Jan. 1 Accounts receivable $ 44,000   $ 35,000   Accounts payable   60,000     55,000   Prepaid insurance   15,000     10,000     Hogan reported net income of $300,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows?

Given the financial data for New Electronic World, Inc. (NEW), compute the following measures of cash flows for the NEW for the year ended December 31, 2021   Compute for the operating cash flow Compute for the free cash flow

Sarasota Corporation had the following 2025 income statement. Sales revenue $220,000 Cost of goods sold 131,000 Gross profit 89,000 Operating expenses (includes depreciation of $23,000) 46,000 Net income $43,000 The following accounts increased during 2025: Accounts Receivable $12,000, Inventory $12,000, and Accounts Payable $12,000. Prepare the cash flows from operating activities section of Sarasota's 2025 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SARASOTA CORPORATION Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Inventory : $ DOOD $ $ Net Cash Provided by Operating Activities

Marin Corporation had the following 2025 income statement. Sales revenue $186,000 Cost of goods sold 127,000 Gross profit 59,000 Operating expenses (includes depreciation of $22,000) 45,000 Net income $14,000 The following accounts increased during 2025: Accounts Receivable $13,000, Inventory $12,000, and Accounts Payable $14,000. Prepare the cash flows from operating activities section of Marin's 2025 statement of cash flows using the direct method. MARIN CORPORATION Statement of Cash Flows-Direct Method (Partial) LA

Monty Corporation had the following 2025 income statement. Sales revenue $202,000 Cost of goods sold 132,000 Gross profit 70,000 Operating expenses (includes depreciation of $20,000) 51,000 Net income $19,000 The following accounts increased during 2025: Accounts Receivable $11,000, Inventory $12,000, and Accounts Payable $14,000. Prepare the cash flows from operating activities section of Monty's 2025 statement of cash flows using the direct method. MONTY CORPORATION Statement of Cash Flows-Direct Method (Partial) > > $ +A $

Bloom Corporation had the following 2025 income statement. Sales revenue $200,000 Cost of goods sold 120,000 Gross profit 80,000 Operating expenses (includes depreciation of $21,000) 50,000 Net income $30,000 The following accounts increased during 2025: Accounts Receivable $12,000, Inventory $11,000, and Accounts Payable $13,000. Prepare the cash flows from operating activities section of Bloom's 2025 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLOOM CORPORATION Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2025

n its CASH BASIS income statement for the year ended June 30, 2020, Selena Corp. reported revenue of $142,000 (i.e., total cash receipts from sales). Additional information was as follows:                         Accounts receivable June 30, 2019   $40,000                         Accounts receivable June 30, 2020   $45,600               Under the ACCRUAL basis, Selena Corp. should report sales revenue of     A. $147,600   B. $102,000   C. $182,000   D. $136,400

General Accounting

Bannister Company reported operating expenses of $375,000 for 2020. The following data were extracted from the company's financial records: 12/31/19 12/31/20 $ 60,000 $ 69,000 Prepaid Expenses Accrued Expenses 210,000 255,000 On a statement of cash flows for 2020, using the direct method, cash payments for operating expenses should be O a. $339,000 O b. $321,000 O C. $411,000 O d. $429,000

Hogan Company had the following account balances for 2021: Accounts receivable Accounts payable Prepaid insurance Multiple Choice Hogan reported net income of $350,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows? O $346,500. O $331,000. O $324,500. O Dec. 31 $42,500 62,000 17,500 $362,500. Jan. 1 $36,000 51,000 9,500

Ogden Corporation has a projected balance sheet that includes the following accounts.  What is the projected cash balance?  Cash $            ? Marketable securities 405,000 Accounts receivable 980,000 Inventory 785,000 Non-current assets, net 2,110,000 Total liabilities 1,636,000 Total equity 3,220,000

What amount of net sales must Lincoln have recorded in 2024 on these general accounting question?