A machine with a cost of $146,000, accumulated depreciation of $93,000, and current year depreciation expense of $21,000 is sold for $46,400 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
Q: You are researching Time Manufacturing and have found the following accounting statement of cash…
A: Cash Flow StatementOne of the most important financial statements used by businesses and investors…
Q: If a gain of $30,000 is incurred in selling (for cash) long-term investments having a book value of…
A: Cash flow statement is a statement showing the inflow and outflow of cash from different activities…
Q: Need to compute cash flows from operating activities for each case using the direct method. I need…
A: working notes: Cash received from customer's= $74,000+1,000=75,000 64,000+4,900=68,900…
Q: Amount Activity 123,000 83,000 Financing 244,000 Operating 138,000 608,000 Description Capital…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: a machine with a cost of 152,000 and accumulated depreciation of 96,000 is sold for 48,800 cash. the…
A: This question deals with the statement of cashflow. Cashflow is prepared by the management for the…
Q: Explain the below elements of cash outflows: a- Purchase of New Equipment. b- Investment in…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Your goal is to prepare a Statement of Cash Flows within the problem noted below. In the Excel…
A: A cash flow statement is a financial statement that summarises all cash inflows a company gets from…
Q: D
A: The objective of the question is to prepare the operating activities section of the statement of…
Q: A company uses the indirect method to determine its cash flows from operating activities. Use the…
A: The given image is very blurred.Kindly upload the image again.It is not readable. My mother is in…
Q: When preparing the Statement of Cash Flow using the indirect method for the current year, which of…
A: A statement of cash flow is one of the financial statements that are used to collect data regarding…
Q: ceeds from sale of land Oceeds from long-term borrowings rchases of plant assets urchases of…
A: Cash Provided (used )by investing activites relates to cash transctions (inflow and outflow) of…
Q: using gain disposal o pense of $750, an increase in Accounts Receivable of $2,400, and a decrease in…
A: The cash flow from various activities are recorded in the cash flow statement. The net cash flow is…
Q: Based on the following information, compute cash flows from investing activities under GAAP.…
A: Cash flow from investing activities: It is a section of the cash flow statement that shows the cash…
Q: To complete the operating activities section of the statement of cash flows using the indirect…
A: INDIRECT METHOD OF CASH FLOW STATMENT In order to determine the amount of cash created by…
Q: Requirements Calculate the following items for the statement of cash flows a. Beginning and ending…
A: Statement of Cash Flow is a statement that shows the inflow and outflow of cash during the financial…
Q: Monserrate is preparing the statement of cash flows for Kohler Inc. Monserrate needs to classify…
A: Statement of cash flows provide details of cash flows generated during a period. In this statement,…
Q: Assets Current Assets Cash Accounts Receivable Merchandise Inventory Supplies Total Current Assets…
A: Direct method of statement of cash flows shows the cash receipts and cash payments under each…
Q: Determine the rate of return for the following cash flow using trail & error app with linear…
A: Rate of return of an investment can be measured in terms of internal rate of return (IRR). IRR is…
Q: Given the following excerpt from the Statement of Cash Flows under Operating Activities, how much of…
A: Cash flow statement is the statement prepared along with financial statements as its part, shows the…
Q: If a gain of $8,187 is realized in selling (for cash) office equipment having a book value of…
A: Cash flow statement is prepared to analyze the cash inflows and outflows in the business during a…
Q: Indicate the effect each separate transaction has on investing cash flows. Note: Amounts to be…
A: The cash flow statement is a valuable or important tool for financial analysis and decision-making.…
Q: Additional information: Equipment which had cost GH¢255, 000 and with a net book value of GH¢…
A: Hi student Since there are multiple questions, we will answer only first question. If you want…
Q: If a gain of $6,182 is realized in selling (for cash) office equipment having a book value of…
A: The cash flow statement is a statement showing the inflow and outflow of cash from different…
Q: Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income…
A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…
Q: Use the attached financial statements below and the additional information to prepare a Statement of…
A: Cash Flow Statement Cash flow statement which has mainly three parts. The details are given below…
Q: Compute for the Required Total Financing or Excess Cash Balance given the following information:…
A: Cash Cash is considered to be the backbone of the company to conduct the day to day affairs of the…
Q: accounts at March 31: Accounts receivable Inventory Prepaid expenses Accounts payable Salaries…
A: Under the Direct method the actual use of the cash inflow and the outflow is made use of. Under the…
Q: Use the following income statement and balance sheet information to put together a statement of cash…
A: The cash flow statement is one of the important financial statements of the business, which keeps…
Q: Determine the amount that would appear in the investing activities of the statement of cash flows…
A: Cash proceeds from sales of $80000 shall be reported under cashflows from investment activities.…
Q: State the section(s) of the statement of cash flows prepared by the indirect method (operating…
A: Dividend paid = Beginning Dividend payable + Dividend declared - Ending Dividend payable = $5,000 +…
Q: Shanequa Company uses the indirect method to prepare the statement of cash flows. Refer to the…
A: Cash Flow Statement - Cash Flow Statement is a financial statement that includes inflow and outflow…
Q: using the indirect method, prepare a statement of cash flows. Can you spell out the calculation…
A: Cash Flow Statement is a statement which shows the actual inflow and outflow of cash and cash…
Q: a
A: There is Loss Incurred on Sell of Building.It means Selling Price is Less than Book Value.Selling…
Q: Munster Company reports the following net cash in its statement of cash flows: net inflow from…
A: Cashflow Statement is prepared at the end of accounting period to show cash inflow and outflow for…
Q: Based on the following information, compute cash flows from investing activities under GAAP.Cash…
A: Cash flow from investing activities: A cash flow from investing activities section of a cash flow…
Q: Using the indirect method, calculate the amount of cash flows from operating activities from the…
A: Statement of cash flows is prepared by the company to determine the cash inflow and outflow that the…
Q: A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash.…
A: Cash flow from investing activities: It is a section of the cash flow statement that shows the cash…
Q: KLT Equipment, Inc. reported the following data for 2024: (Click the icon to view the data.) Compute…
A: The cash flow statement is one of the financial statements, that records the cash flow from various…
Q: Assets Current Assets Cash Accounts Receivable Merchandise Inventory Supplies Total Current Assets…
A: Statement of cash flows is the financial statements which show the increase or decrease in cash…
Q: If a gain of $8,652 is realized in selling (for cash) office equipment having a book value of…
A: Statement of cash flows is one of the financial statement which shows all cash inflows and cash…
Q: Use the following excerpts from Nutmeg Company's financial records to determine net cash flows from…
A: FOR OPERATING ACTIVITY : 1. BEGIN WITH NET INCOME FROM INCOME STATEMENT 2. ADD BACK NON CASH…
Q: Starz Inc. uses the direct method to prepare its statement of cash flows. The following comparative…
A: Statement of cash flow is a financial statement that includes inflow and outflow of cash during the…
Q: Using the indirect method, calculate the amount of cash flows from operating activities from the…
A: Solution: Using the indirect method, Computation of cash flows from operating activities is as…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Obtain free cash flow using the formula FCF = OCF - NFAI - NCAIIf a loss of $31,000 is incurred in selling (for cash) office equipment having a book value of $100,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is: A. $31,000 B. $100,000 C. $131,000 D. $69,000about the cash flow problem, confusing.
- 7. Use the following information from Dubuque Company’s financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018: 2018 Income Statement Balance Sheets Sales $299,000 Cost of Goods Sold (135,000) Operating Expenses, other than depreciation expense. (27,000) Depreciation Expense (17,000) Gain on Sale of Plant Assets 16,500 ------------- Net Income…EXPLORE Name: Time: Instructions: Based on the following data needed for cash flows preparation, 1) indicate whether each item enumerated is an inflow or and an outflow (outflows are enclosed in parenthesis) in operating, investing and financing activity; 2) compute net cash provided by (used in) operating activities. Items O perating Investing Financing 200,000 ExAcquisitio n of Land Initial investment by proprietor -200,000 300,000 300,000 Payment of rental 120,000 2 Cash received from services rende red 50,000 Investment by owner 25,000 4 Payment of utilites expense 65,000 5 Collection from customer's accounts 90,000 6 Proceeds from sale ofequipment Remitance of withholding tax 100,000 2,500 8 W ithdraw al by owner 15,000 9 Purchase ofequipment 5,000 10 Proceeds from a bank loan 100,000 11 Purchase of supplies 25,000 12 Payment of taxes and licenses 13 Remittance of SSS and Philhealth premiums 10,000 and contributions 4,500 14 Payment of accounts to suppliers 28,200 15 Additional…Based on the following information, compute cash flows from financing activities under GAAP.Purchase of investments $ 250Dividends paid 1,200Interest paid 400Additional borrowing from bank 2,800
- ) Provide an accurate, full and complete explanation and implication of the information presented in (mathematical forms) by explaining the significance of the cash flow statement The net income reported on the income statement for the current year was $128,000. Depreciation recorded on store equipment for the year amounted to $21,100. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $51,200 $47,100 Accounts receivable (net) 36,710 34,810 Merchandise inventory 50,120 52,990 Prepaid expenses 5,630 4,470 Accounts payable (merchandise creditors) 47,970 44,560 Wages payable 26,210 29,110Which of the following activities caused the greatest change in cash during the year? HINTS: You can find the breakdown of these activities on the Statements of Cash Flows. Multiple Choice O Operating activities Investing activities Financing activities11. When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by/used by operating activities? a. Increase in accounts receivable. b. Gain on sale of land. c. Depreciation of equipment. d. All of these are added to net income to arrive at cash flow from operating activities. Your answer is _________________
- 1. Use the following excerpts from Nutmeg Company’s financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year $83,700 Purchased land this year 20,000 Sold investments this year 31,500 Original cost of investments that were sold 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities? Net cash flows from investing activities?Shown below are totals of the three sections from the SCF for the Sivad Motel for the year just ended. Analyze this information and prepare a report indicating your opinion regarding its sources and uses of cash and their impact on the future of the company. Your conclusions and recommendations should be supported with proper explanations and assumptions. Statement of Cash Flows Net cash provided by operating activities $10,000 Net cash used by investing activities (15,000) Net cash used by financing activities (5,000) Decrease in cash for the year (10,000) Cash at beginning of year 15,000 Cash at end of…Based on the following information, compute cash flows from investing activities under GAAP. Cash collections from customers $780 Purchase of used equipment Depreciation expense Sale of investments Dividends received Interest received 190 190 430 100 190 Cash Flows from Investing Activities