30.) Net Cash flows from operating activites Net Cash flows from operating activities Net Income 45000 Cash received from Customers 93000 Adjustments to reconcile net income to net cash flows from operating activities Cash Paid for operating expenses Cash paid for income taxes -22000 Depreciation expense 7000 -12000 Decrease in accounts receivable 9000 net cash flows from operating activities 59000 increase in accounts payble decrease in income tax payable Net cash flows from operating activities 4000 -6000 59000 Income Statement Revenues Expenses: Operating expense Depreciation expense 7000 Income tax expense Total Expenses Net Income 45000
30.) Net Cash flows from operating activites Net Cash flows from operating activities Net Income 45000 Cash received from Customers 93000 Adjustments to reconcile net income to net cash flows from operating activities Cash Paid for operating expenses Cash paid for income taxes -22000 Depreciation expense 7000 -12000 Decrease in accounts receivable 9000 net cash flows from operating activities 59000 increase in accounts payble decrease in income tax payable Net cash flows from operating activities 4000 -6000 59000 Income Statement Revenues Expenses: Operating expense Depreciation expense 7000 Income tax expense Total Expenses Net Income 45000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Complete the income statement for Audio systems. Assume all accounts payble are for operating expenses. *Hint* use the following calculations and work backswards from bottom to top for each item.
Transcribed Image Text:30.) Net Cash flows from operating activites
Net Cash flows from operating activities
Cash received from Customers
Net Income
45000
93000
Adjustments to reconcile net income to net
cash flows from operating activities
Cash Paid for operating expenses
Cash paid for income taxes
net cash flows from operating activities
-22000
Depreciation expense
7000
-12000
Decrease in accounts receivable
9000
59000
increase in accounts payble
decrease in income tax payable
Net cash flows from operating activities
4000
-6000
59000
Income Statement
Revenues
Expenses:
Operating expense
Depreciation expense
7000
Income tax expense
Total Expenses
Net Income
45000
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