Bramble Company reported net income of $69800 for the year. During the year, accounts receivable increased by $6100, accountspayable decreased by $5000 and depreciationexpense of $7800 was recorded. Net cash provided by operating activities for the yearisO $63100.O $88700.O $69800.O $66500.

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

Answered: Bramble Company reported net income of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mashy Auto Parts Store had net income of $81,000 for the year just ended. Mashy collected the following additional information to prepare its statement of cash flows for the year: Increase in accounts receivable $102,000 Decrease in merchandise inventory $18,000 Decrease in accounts payable $35,000 Increase in retained earnings $29,000 Cash received from sale of building $215,000 Gain on sale of building $47,000 Depreciation expense $32,000 Mashy uses the indirect method to prepare its statement of cash flows. What is Mashy's net cash provided (used) by operating activities? a. $41,000 b. $(53,000) c. $185,000 d. $279,000
Net income reported on the income statement for the current year was $240,000. Depreciation was $52,000. Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $14,000. Investments were sold at a loss of $20,000. How much cash was provided by operating activities? O $345.500 O $317,500 O $307,500 O $258,500
AoA Company reported the following for its most recent fiscal year: Net income, - $20,000; Depreciation expense – $5,000; Increase in accounts receivable – $1,000; Decrease in merchandise inventory -$200; Increase in prepaid expenses – $100; Decrease in accounts payable – $900; Increase in wages payable – $300; Decrease in bonds payable – $500; Loss on sale of machinery – $100. What is the net cash flows from Operating Activities?
Windsor, Inc. reported net income of $76500 for the year 2022. During 2022, accounts receivable increased by $5100, accounts payable decreased by $3400 and depreciation expense of $8500 was recorded. Net cash provided by operating activities for 2022 is $69700. $85000. $68000. $76500.
Net income was $62,700; accounts receivable decreased by $15,750; inventory increased by $7,450; proceeds from the issuance of long-term debt were $20,500; accounts payable decreased by $5,350; equipment purchases were $67,500; depreciation and amortization expense was $27,000. (Amounts to be deducted should be indicated with a minus sign.) Calculate the net cash provided (used) by operating activities for the period.
OllyPop Beverage Company reported the following items in the most recent year. Net income $41,700 Dividends paid 5,060 Increase in accounts receivable 10,640 Increase in accounts payable 7,220 Purchase of equipment (capital expenditure) 8,300 Depreciation expense 4,220 Issue of notes payable 21,440 Compute net cash provided by operating activities, the net change in cash during the year.
The net income reported on the income statement for the current year was $259000. Depreciation was $56000. Accounts receivable and inventories decreased by $5000 and $16000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $15000. Investments were sold at a loss of $21700. How much cash was provided by operating activities?
The Flores Company reported Net Income of $40,000 for the current year. During the year, Account Receivable increased by $14,000; Account Payable decreased by $6,000 and Depreciation Expense was $10,000. The net cash flow provided by operating activities (Net Cash Flow Provided by Operating Activities) in the year is: a. $40,000 b. $70,000 c. $38,000 d. $30,000
= Revenues = $15,369. Cost of Goods Sold $5,114. Depreciation Expense = $2,496, Interest = $537 and Taxes = $555. In addition the company's Receivables increased by $342 and Inventories decreased by $200. The company's Cash Flow from Operations was $
Metlock, Inc.'s net income for the current year was $432000. Depreciation was $56000. Accounts receivable and inventories decreased by $18000 and $29000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $14000. Equipment was sold at a gain of $7800. How much cash was provided by operating activities?
A company had net income of $244,839. Depreciation expense is $20,103. During the year, Accounts Receivable and Inventory increased by $18,423 and $39,765, respectively. Prepaid Expenses and Accounts Payable decreased by $2,854 and $5,603, respectively. There was also a loss on the sale of equipment of $6,008. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?
Revenues = $18,277. Cost of Goods Sold = $5,112. Depreciation Expense = $2,914, Interest = $532 and Taxes = $598. In addition the company's Receivables increased by $396 and Inventories decreased by $296. The company's Cash Flow from Operations was $ ......

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Bramble Company reported net income of $69800 for the year. During the year, accounts receivable increased by $6100, accounts payable decreased by $5000 and depreciation expense of $7800 was recorded. Net cash provided by operating activities for the year is $63100. O $88700. O $69800. O $66500.