I want to correct answer general accounting question Calculate Cash from Operating Activities given the followinginformation:⚫ Net Income: $320,000⚫ Depreciation expense: $45,000.⚫ Amortization expense: $12,000Current assets and liabilities balances (Ending and Beginning):•Cash: $75,000 $65,000⚫ Accounts Receivable: $145,000 $135,000••⚫ Inventory: $125,000 $140,000•Prepaid Expenses: $8,000 $10,000Accounts Payable: $95,000 $85,000

Step 1: Definition of Cash from Operating ActivitiesCash from operating activities represents the…

Answered: Calculate Cash from Operating…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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Balance of Cash after AJE (in unit dollars, two decimal places, use standard accounting rounding): After completing Part C of the term project you have the following: Revenue 100,000.00 15,000.00 45,000.00 CGS Costs Depreciation 15,000 Salaries 30,000 Net Income Assets Cash 40,000.00 110,000.00 20,000.00 Equipment 100,000.00 AD Equipment (10,000.00) Answer: Liabilities 70,000.00 Salaries Payable 70,000.00 Net Income 40,000.00 Total Liabilities + OE 110,000.00
Choose the correct option
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:
Net cash flow from financing activities please
Calculate the operating cash flows from the following data: Sales: $2,190,000 Cost: $815,000 Depreciation: $290,000 Tax rate: 21% Life: 3 years $857,150 O $1,147,150 O$1,085,000 O s1,375,00
Complete the statement of sources and uses of cash from the following entries: Net income $3,200 600 Dividends Additions to inventory Additions to receivables Depreciation Reduction in payables Net issuance of long-term debt Sale of fixed assets 290 320 260 720 470 230 Sources Cash from operations: Total sources Uses Prey 1 of 8 Next
A machine with a cost of $146,000, accumulated depreciation of $93,000, and current year depreciation expense of $21,000 is sold for $46,400 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $46,600. $6,600. $21,000.
Complete the statement of sources and uses of cash from the following entries: Net income Dividends Additions to inventory $ 2,100 900 180 Additions to receivables 210 Depreciation 150 Reduction in payables 610 Net issuance of long-term debt 360 Sale of fixed assets 120 Sources Cash from operations: Total sources Uses $ 0 $ 0 Total uses
Current Attempt in Progress Garcia Enterprises reports the following information: Net income $5160000 Depreciation expense 701760 Increase in accounts payable 161000 Increase in accounts receivable 315000 Garcia should report cash provided by operating activities of O $3982240. O $5160000. O $5707760. O $6337760.
am.101.
Net cash flow from operating a
Kela Corporation reports net income of $510,000 that includes depreciation expense of $85,000. Also, cash of $46,000 was borrowed on a 3-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice O $641,000. $595,000. O $556,000 $425,000

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