3-11. (Working with a statement of cash flows) Given the following information, preparea statement of cash flows.$20Beginning cash$25Dividends27Increase in common stock65Increase in accounts receivableIncrease in inventories215Operating incomeIncrease in accounts payables4050interest expense20Depreciation expense48Increase in bank debt15Increase in accrued expenses55Increase in gross fixed assetsIncome taxes45

Cash flow statement:(CFS): The statement where the cash that was out from the entity and the cash…

Answered: 3-11. (Working with a statement of cash…

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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Pls help me find: 1. the net cash flow from operating activities 2. the net cash flow from financing activities 3. net cash flow from investing act
Statement of Cash Flow Preparation Activity Consider the following journal entries: Entry (a) cash $4 %$4 81,000.00 common stock 81,000.00 (b) treasury stock 13,000.00 cash 13,000.00 (c) cash 60,000.00 sales revenue 60,000.00 (d) land 87,700.00 cash 87,700.00 (e) depreciation expense 9,000.00 accumulated depreciation 9,000.00 (f) dividends payable 16,500.00 cash 16,500.00 (g) land 18,000.00 cash 18,000.00 (h) cash 7,200.00 7,200.00 equipment (1) bonds payable cash 45,000.00 45,000.00 (1) building 164,000.00 164,000.00 note payable, long-term (k) loss on disposal of equipment | 1,400.00 equipment, net 1,400.00 Indicate whether each transaction would result in an operating activity, an investing activity, or a financing activity for an indirect method statement of cash flow and the accompanying schedule of non-cash investing and financing activities. Click here to enter text. %24
ABC Corporation had total sales revenue of $100,000 and total operating expenses of $60,000. What is the company's net income? 10:26 AM
From the following information relating to Y Ltd, calculated the cash Flow from Operating Activities: Particulars Amount ($) Operating Profit before changes in Operating Assets Debtors (Decrease) Stock (Increase) Bills Payable (Decrease) Creditors (Increase) Cash at Bank(Increase) 57,500 5,000 2,000 4,500 3,200 20,000
A draft statement of cash flows contains the following: £ i Profit before tax 22 ii Depreciation 8 iii Increase in inventories -4 iv Decrease in receivables -3 v Increase in payables -2 Net cash inflow from operating activities 21 Which Two of the following corrections needs to be made to the calculation? a. ii and v b. iv and iii c. i and ii d. iv and v
bs accountancy
Compute cash flow
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…
1. What is the firm's cash flow from financing? 2. What is the firm's cash flow from investing? 3. What is the firm's total change in cash from the prior year to the current year?
Using the Exhibit below, assume that the balance of Accounts Payable was $50,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Payable is $35,000 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…
According to the information given in the table below, which of the following is cash flow from financing? Net income 78,300 Decrease in Bank Loan 39,400 Increase in Bonds 32,500 Decrease in Equipment 48,250 Increase in Common stock 51,000 Select one: a. 44100 b. 55200 c. 14100 d. 33000
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