Blue Company's net income last year was $35,000. Changes in selected balance sheet accounts for the year appear below:    Increases   (Decreases) Debit balances:   Accounts receivable $(7,000) Inventory 8,000 Prepaid expenses (6,000)     Credit balances:   Accumulated depreciation 10,000 Accounts payable 13,000 Accrued liabilities (5,000) Taxes payable 5,000 Based solely on this information, net cash flow from operating activities under the indirect method on the statement of cash flows would be:   a. $63,000.   b. $81,000.   c. $45,000.   d. $29,000.

Q: urniture, Inc., has net cash flows from operating activities for the last year of $360 come is $335…

A: Operating cash flow is cash flow from operating activities and can be calculated by adding…

Q: Need Help about this Question

A: Given information, Net income = $15,985Tax rate = 35% or 0.35Interest expense = $3,886Depreciation…

Q: The statement of cash flows of Bosley Corporation shows the amount of cash received from customers…

A: The objective of the question is to determine the change in Bosley Corporation's accounts receivable…

Q: Bramble Company reported net income of $69800 for the year. During the year, accounts receivable…

A: Solution: Cash flow from operating activities represents cash flow from business operations such as…

Q: In its fiscal 2010 balance sheet, Big Lots, Inc. reported cash and cash equivalents at the start of…

A: >Statement of Cash flows is one of the financial statements, and is prepared for a particular…

Q: Sales reported on the income statement were $690,000. The accounts receivable balance declined…

A: The account receivables are the current assets of the business and are recorded in the balance…

Q: Last year Burch Corporation's cash account decreased by $25,000. Net cash provided by investing…

A: CASH FLOW FROM OPERATING ACTIVITIES Operating Activities are Principal revenue Producing Activities…

Q: Cash and accounts receivable for Ashfall Co. are as follows:   Current Year   Prior Year Cash…

A: Horizontal analysis, also known as trend analysis, is a financial analysis technique that compares…

Q: Last year mayne Corporation's cash account decreased by $22,000. Net cash provided by investing…

A: Cash flow from operating activities is the revenue a business generates from its continuous, regular…

Q: b. Bosley's accounts receivable decreased $50, 000. c.

A: the correct option is B: Bosley's accounts receivables decreased $50,000

Q: Last year Cucumber Company reported a cost of goods sold of $30,000. Inventories decreased by $7,000…

A: A cash flow statement is one of the financial statements that is used to indicate the amount of cash…

Q: Hasbrouck Company reported net income of $290,000 for the year. During the year, accounts receivable…

A: Statement of Cash Flows: A statement of cash flow is a financial statement that shows the cash and…

Q: Cash purchases of Lowman Company for 2020 were 900,000. During the year purchase returns of 150,000…

A: Cash paid on accounts payable can be calculated by deducting purchase return and discount from the…

Q: Blossom Company reported net income of $386000 for the year. During the year, accounts receivable…

A: Operating cash flow means cash inflow or outflow from main operations of the company. It is…

Q: Harper Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last…

A: Accounts receivable refers to the item of assets side of the balance sheet that defines the amount…

Q: Last year, IC Inc. had operating income of $500,000 after charging $200,000 of depreciation expense.…

A: CASH FLOW STATEMENTCash flow statement is additional information to the Investors. This statement…

Q: Net income for the year was $45,500. Accounts receivable increased by $5,500, and accounts payable…

A: Cash flow from operations = Net income + Increase/Decrease in Current liabilities/assets -…

Q: What are the amounts and percentages of increase or decrease that would be shown with horizontal…

A: Horizontal analysis is made and analyzed by the company so that there could be made a comparison…

Q: The cash balance of Muscat Company is 28000 OMR at the beginning of the year. The cash flows during…

A: Cash Flow Statement is a statement which shows the flow of cash of a firm during the accounting…

Q: A company's Income Tax Payable account decreased from $22 million to $21 million during the year. If…

A: Cash paid for income taxes under the direct method = income tax expense + beginning Income Tax…

Q: Nickolas's Nut Farms, Incorporated has net cash flows from operating activities for the last year of…

A: Cash flow from operating activities$25 millionNet income$15 millionDepreciation$6 millionDecrease in…

Q: Determine the increase or decrease in cash for last year given the following information. Net income…

A: Solution: Cash flow means the cash generated or paid during a period by a firm.

Q: Last year Burch Corporation's cash account decreased by $20,000. Net cash provided by investing…

A: Operational cash flow is the money a business makes from ongoing, regular business operations like…

Q: Computer World reports income tax expense of $340,000. Income tax and $75,000, respectively. What is…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: A) i. The following data were extracted from the financial statements of Zinc Incorporated. Assuming…

A: Operating Cycle=Days sales in inventory+Days sales outstanding Cash Conversion Cycle=Days sales in…

Q: Gamma Corporation reported Net Income of $85,000 for FY2021. In addition, selected accounts showed…

A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…

Q: A company's Income Tax Payable account decreased from $22 million to $20 million during the year. If…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: For the past year, Kayla, Inc., has sales of $45,407, interest expense of $3,464, cost of goods sold…

A: operating cash flow refers to the cash flow generated from the business operation.operating cash…

Q: Last year Rayne Corporation's cash account decreased by $30,000. Net cash provided by investing…

A: Cash Flow Statement :— It is one of the financial statement that shows change in cash and cash…

Q: Alberto Co. reported the following for its most recent fiscal year: Net income, - $200,000;…

A: The cash flow statement is an essential part of the financial statements of the organization. It is…

Q: Mashy Auto Parts Store had net income of $81,000 for the year just ended. Mashy collected the…

A: Given, Net income = $81,000 Increase in Accounts Receivable =$102,000 Decrease in merchandise…

Q: AoA Company reported the following for its most recent fiscal year: Net income, - $20,000;…

A: cashflow form operating activities: It is the cashflow from its ongoing regular business activities.…

Q: Cash and accounts receivable for Adams Company are provided below:   Current Year   Prior Year Cash…

A:

Q: OllyPop Beverage Company reported the following items in the most recent year. Net income…

A: Compute the net cash provided by operating activities.

Q: 43. In 2021, Allen company reported cash basis income of P 7,800,000. Tracing back its records,…

A:

Q: Use the following information to compute net financial cash flow for a firm: Net income for the…

A: Cash flows in the business refer to cash inflows and cash outflows of business for a particular…

Q: Cain Incorporated reports net income of $17,400. It's comparative balance sheet shows the following…

A: The cash flow from operating activities include the cash flow from regular activities of the…