Need help with this general accounting question not use ai and chatgpt Accounts receivable arising from trade transactions amounted to $44,000 and $53,000 at thebeginning and end of the year, respectively. Net income reported on the income statementfor the year was $105,000. Exclusive of the effect of other adjustments, what is the cash flowfrom operating activities to be reported on the statement of cash flows prepared by theindirect method?a. $105,000b. $114,000c. $96,000d. $158,000e. none of the above

Step 1: Define Cash Flow StatementIn the context of accounting, the cash flow statement for a firm…

Answered: Accounts receivable arising from trade…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 14E

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Accounts receivable from sales transactions were $49,971 at the beginning of the year and $66,757 at the end of the year. Net income reported on the income statement for the year was $129,867. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is a. $113,081 b. $129,867 c. $16,786 d. $146,653
Accounts receivable from sales transactions were $46,167 at the beginning of the year and $65,446 at the end of the year. Net income reported on the income statement for the year was $135,923. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is )a. $19,279 Ob. $135,923 Oc. $155,202 Od. $116,644
Accounts receivable from sales transactions were $45,634 at the beginning of the year and $60,027 at the end of the year. Net income reported on the income statement for the year was $126,710. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be a. $126,710 b. $112,317 c. $14,393 d. $141,103
Domestic
Accounts receivable arising from trade transactions amounted to $44,000 and $53,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is: a. $105,000 b. $114,000 c. $96,000 d. $158,000
Accounts receivable from sales transactions were $46,255 at the beginning of the year and $67,957 at the end of the year. Net income reported on the income statement for the year was $123,439. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is:
Accounts receivable arising from sales to customers amounted to $82000 and $77000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $282000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is $282000. O $205000. O $287000. O $276000.
The following information is available from the current period financial statements: Net income $112,044 Depreciation expense 22,976 Increase in accounts receivable 14,959 Decrease in accounts payable 16,749 The net cash flow from operating activities using the indirect method is:
What adjustment(s) should be made to reconcile net income to net cash flows from operating activities using the indirect method, considering the following balances in current assets? Accounts receivable, beginning of year $19,734 Accounts receivable, end of year $25,278 Prepaid insurance, beginning of year $11,726 Prepaid insurance, end of year $6,229
Use the appropriate information from the data provided below to calculate the net cash provided (used) by operating activities for the period. Net income Accounts receivable increase (for the period) Inventory decrease (for the period) Proceeds from the issuance of long-term debt Accounts payable decrease (for the period) Purchases of equipment Depreciation and amortization expense $ 113,000 24,000 19,000 260,000 11,000 175,000 42,000
Given answer? Financial accounting question
Marin Company's accounts receivable arising from sales to customers amounted to $170000 and $149000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $649000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is $798000. $670000. $628000. $649000.

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