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

See similar textbooks

Similar questions

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:
View Policies Current Attempt in Progress Accounts receivable arising from sales to customers amounted to $88000 and $71000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $293000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is O $276000. O $222000. O $293000. O $310000. Attempts: 0 of 1 used Submit Answer Save for Later
If Accounts receivable increase by R.O.100,000. Income reported the income statement for the year was R.O.2,800,000. Excluding of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is Select one: a. R.O.3,500,000b. R.O.2,800,000 c R.O.2,700,000 d. R.O.2,900,000
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.
Using the Exhibit below, assume that the balance of Accounts Receivable was $61,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Receivable is $62,000 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 receivable 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…
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:
View Policies Current Attempt in Progress A Accounts receivable arising from sales to customers amounted to $77000 and $76000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $281000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is O $205000. O $279000. O $282000. O $281000. N Save for Later @ 2 W S #3 FS X E $ 4 888 R C 5 LL F FR MacBook Air T 6 V FO G & Y 7 H B Attempts: 0 of 1 used +00 8 U 9 Submit Answer O N M

SEE MORE QUESTIONS

Recommended textbooks for you

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Financial Accounting

Accounting

ISBN:

9781305088436

Author:

Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Financial Accounting

Accounting

ISBN:

9781337272124

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS