ces Laser World reports net income of $460,000. Depreciation expense is $31,000, accounts receivable increases $11,000, and accoun payable decreases $11,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities

ces Laser World reports net income of $460,000. Depreciation expense is $31,000, accounts receivable increases $11,000, and accoun payable decreases $11,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities

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 48E: Preparing Net Cash Flows from Operating Activities-Direct Method Colassard Industries has the...

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Roberts Company provided the following partial comparative balance sheets and the income statement for 20X2. Required: Compute operating cash flows using the indirect method.
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, $225,000.
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Preparing Net Cash Flows from Operating Activities-Direct Method Colassard Industries has the following data available for preparation of its statement of cash flows: Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.
Preparing a Statement of Cash Flows Monon Cable Television Company reported the following financial statements for 20l9: Required: 1. Prepare a statement of cash flows using the indirect method to compute net cash flow from operating activities. 2. CONCEPTUAL CONNECTION Explain what has been responsible for the decrease in cash.
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The accounting records of Rockness Company provided the data below ($ in 000s). Net income Depreciation expense Decrease in accounts receivable Increase in inventory Increase in prepaid insurance Increase in salaries payable Decrease in interest payable $ 24,600 2, 700 1, 400 3,900 240 740 340 Required: Prepare a reconciliation of net income to net cash flows from operațing activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands ) Cash flows from operating activities: let income Adjustments for noncash effects: Changes in operating assels and liabilities.
Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. $238,600 56,300 20,100 12,900 12,300 Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities 00 00
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How do I use the indirect method to complete cash flow statement?