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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Net cash flow from financing activities please
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
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
I want to this question answer general Accounting
Required: Prepare Cash Flows Statement showing Operating, Investing and Financing Activities.
Use the indirect method to determine Anka Company’s net cash provided or used for operating activities using the below information: Net income $15,200 Depreciation expense 10,000 Cash payment on long-term note payable 8,000 Gain on sale of equipment 3,000 Increase in inventory 1,500 Increase in accounts payable 2,850 Group of answer choices $15,550 $42,400 ($4,450) $23,550
Lee Company has provided the following information: • Cash flow from operating activities, $258,000 .Net Income, $186.000 • Interest expense, $38,000 Interest cash payments, $28,000 • Income tax payments, $158,000 Income tax expense, $154.000 Using the modified method discussed in the text, what was Lee's cash coverage ratio? . Multiple Choice O O 15.86 16.07 8.04 6.50
A machine with a cost of $144,000, accumulated depreciation of $92,000, and current year depreciation expense of $20,500 is sold for $45,600 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
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Using the information below, calculate net cash flows from operating activities:Net income $120,000Receive cash from issuing stock 80,000Pay cash for equipment 90,000Increase in accounts receivable 10,000Depreciation expense $ 30,000Increase in accounts payable 5,000Receive cash from sale of land 75,000Pay cash dividends 20,000a. $115,000.b. $155,000.c. $145,000.d. $190,000.
Smith Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5240000 O $5790640. O $4063360. O $6416640. O $5240000. 712640 151000 313000 Smith should report cash provided by operating activities of
Which item is added to net income when computing cash flows from operating activities? a. Gain on the disposal of property, plant, and equipment b. Increase in wages payable c. Increase in inventory d. Increase in prepaid rent Use the following information for Multiple-Choice Questions 11-9 and 11-10: Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment, $14,800; cash paid to purchase an investment, $20,000; cash paid to retire a note payable, $50,000; and cash collected from sales to customers, $225,000.

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