Accounts receivable increased OMR 600,000 and inventory decreased 200,000, notes receivable increased OMR 55000 and building decreased OMR 190000 respectively. Income reported on 31/12/2017 was OMR 650,000, calculate the cash flows from operating activities for 2017 is: OMR 905000 a. O b. OMR 800000 O c. None of the options O d. OMR 305000

Accounts receivable increased OMR 600,000 and inventory decreased 200,000, notes receivable increased OMR 55000 and building decreased OMR 190000 respectively. Income reported on 31/12/2017 was OMR 650,000, calculate the cash flows from operating activities for 2017 is: OMR 905000 a. O b. OMR 800000 O c. None of the options O d. OMR 305000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Question 4: XYZ Co. had the following information in 2020: Sales 150000 СOGS 80000 Operating expenses (excluding depreciation) Interest expense Таxes 32000 8000 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
Current Attempt in Progress Vaughn Corporation had the following activities in 2020. 1. Payment of accounts payable $774,000 Issuance of common stock $270,000 Payment of dividends $384,000 2. 3. 4. Net cash 5. 6. Compute the amount Vaughn should report as net cash provided (used) by financing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) by financing activities $ Collection of note receivable $92,000 Issuance of bonds payable $548,000 Purchase of treasury stock $43,000 LA
Explain the results from the image below
please answer this
ASSESSMENT -- Multiple Choice Problem The financial statements of PalomerTrading Ltd. are given below: 2018 P 10,470 2019 Cash and Cash Equivalents P 12,250 Receivables 9,065 8,055 Inventory 6,620 5,300 Prepaid Expenses 8,545 10,600 Total Current Assets 36,480 34,425 Other Assets 78,685 P 128,980 P 113,110 92,500 Total Assets Total current liabilities 36,150 42,335 Long-term liabilities 23,990 18,960 Psalm Palomer, Capital 68,840 51,815 Total Liabilities and Equity P 128,980 P 113,110 2019 Net Sales P 104,705 Cost of Goods Sold 32,275 Gross Profit 69,430 Selling Expenses 35,325 Administrative Expenses 12,815 Operating Income 21,290 Interest Expense 1,050 Net Income Р 20,240 Required: Compute for the indicated financial ratios for Palomer Trading financial statements. Choose the correct answer in each of the following. 1. Which statement best describes Palomer Trading's acid-test ratio? a. greater than 1 b. equal to 1 c. less than 1 d. none of the ave 2. Palomer Trading's inventory…
Sh18
I've asked the question regarding an Indirect Method of Wolff Cash Statement. I need to find the free cash flow and the answer you gave me said incorrect when I put it in. I am putting it as a negative answer.
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
Prepare a statement of cash flows for the Maness Coporation, using the infromation shown in the balance sheets. 2017 2018 Changes Assets Cash $150 $125 $(25) Accounts receiveable 350 375 25 Inventory 475 550 75 Total current assets 975 1,050 75 Gross fixed assets 2425 2750 325 Accumulated depreciation (1000) (1200) (200) Net fixed assets 1425 1550 125 TOTAL ASSETS 2400 2600…
What is National Co.’s free cash flow for 2022?
STATEMENT OF CASH FLOWS
Compute for: 2018-2021 Free cash flow (per yr) Present Value of Free Cash Flow (2018-2021) (Per year)