General accounting Calculate the amount of cash flow from operating activities for Horizon Industries from thefollowing information. Cash received from customers is $580,000, cash paid for wages andexpenses is $310,000, depreciation of machinery is $35,000, cash received from the sale ofequipment is $45,000, and gain on the sale of the equipment is $28,000.A. $270,000B. $322,000C. $250,000D. $235,000

We can use the direct method of computing cash flow from operating activities for this.Cash flow…

Answered: Calculate the amount of cash flow from…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

See similar textbooks

Similar questions

Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $106,000 and $101,000, respectively. Depreciation for the period was $18,000, and purchases of new plant assets were $26,000. Plant assets were sold at a gain of $5,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $44,000 and $70,000, respectively. Net income for the period was $46,000, and stock dividends were $6,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $106,000 and $101,000, respectively. Depreciation for the period was $18,000, and purchases of new plant assets were $26,000. Plant assets were sold at a gain of $5,000. What were the cash proceeds of the sale? Cash proceeds from the sale were
Calculate the total cash flow from the operating activity based on the following information. Sales $280.00 Cost of goods sold = $160.00 Depreciation = $35.00 Interest paid = $20.00 Tax rate = 35% =
Bha
Need help general accounting
How much is the net cash flow from operating activities using indirect method?
a machine with a cost of 152,000 and accumulated depreciation of 96,000 is sold for 48,800 cash. the total amount related to this machine that should be reported in the operation section of the statement of cash flow under the indirect method
Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $127,537,580 and sales revenue of $3,498,299,980 during 2022. Cash spent on plant asset additions during the year was $96,782,600. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Free cash flow $
Please see attachments for details
Subject: acounting
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:
Need answer the question
Please answer with explanations thx.

SEE MORE QUESTIONS

Recommended textbooks for you

Excel Applications for Accounting Principles

Accounting

ISBN:

9781111581565

Author:

Gaylord N. Smith

Publisher:

Cengage Learning

Excel Applications for Accounting Principles

Accounting

ISBN:

9781111581565

Author:

Gaylord N. Smith

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS