Complete the statement of sources and uses of cashfrom the following entries:Net income $ 2,100Dividends 900Additions to inventory 180Additions to receivables 210Depreciation 150Reduction in payables 610Net issuance of long-term debt 360Sale of fixed assets 120

Step 1:Classification of sources or uses of cash: Dividends: Use of cash because cash paid for…

Answered: Complete the statement of sources and…

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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am.101.
Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending Cash $ 43 $ 243 Accounts Receivable 115 213 Inventory 285 173 Total $ 443 $ 629 Salaries and Wages Payable $ 18 $ 90 Common Stock 140 102 Retained Earnings 285 437 Total $ 443 $ 629 Required: Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) How would i create the operating activites section of cash flows, using the indirect method.
Please complete the statement of cashflows as required below: A comparative balance sheet and an income statement for Burgess Company are given below: Burgess CompanyComparative Balance Sheet(dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 44 $ 91 Accounts receivable 690 633 Inventory 675 630 Total current assets 1,409 1,354 Property, plant, and equipment 1,555 1,529 Less accumulated depreciation 800 666 Net property,plant, and equipment 755 863 Total assets $ 2,164 $ 2,217 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 270 $ 165 Accrued liabilities 185 165 Income taxes payable 87 77 Total current liabilities 542 407 Bonds payable 440 650 Total liabilities 982 1,057 Stockholders' equity: Common stock 170 170 Retained earnings 1,012 990 Total stockholders' equity 1,182 1,160 Total liabilities and stockholders' equity $…
Cash Accounts Receivable Inventory Property Plant & Equipment, Gross Accumulated Depreciation Property Plant & Equipment, Net Other Assets Total Assets Dansko Integrated Balance Sheet As of December 31, 2022 (amounts in thousands) 99,000 Accounts Payable 45,000 Debt 38,000 Other Liabilities 235,000 Total Liabilities 67,000 Paid-In Capital 168,000 Retained Earnings 16,000 Total Equity 366,000 Total Liabilities & Equity Dansko Integrated Statement of Cash Flows January 1 to March 31, 2023 (amounts in thousands) Net Income Depreciation Decrease (Increase) in Accounts Receivable Decrease (Increase) in Inventory Increase (Decrease) in Accounts Payable Other Adjustments Net Cash Flow from Operating Activities Purchase of Property, Plant, & Equipment Other Adjustments Net Cash Flow from Investing Activities Increase (Decrease) in Debt Dividends Other Adjustments Net Cash Flow from Financing Activities Net Cash Flow 27,000 35,000 10,000 72,000 214,000 294,000 366,000 9,500 1,800 400 (800) 900…
Highlight the Net cash provided by Operating Activities for the Statement of Cash Flows Highlight the Net cash provided by Financing Activities for the Statement of Cash Flows Highlight the net change in cash for the period on the Statement of Cash Flows
Complete the statement of sources and uses of cash from the following entries: Net income $ 2,000 Dividends 800 Additions to inventory 170 Additions to receivables 200 Depreciation 140 Reduction in payables 600 Net issuance of long-term debt 350 Sale of fixed assets 110
Current Attempt in Progress Lee Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5180000 $3979520. $5180000. $6380480. $5706480. 704480 159000 337000 Lee should report cash provided by operating activities of
Based on the following information, compute cash flows from investing activities under GAAP.Cash collections from customers $800Purchase of used equipment 200Depreciation expense 200Sale of investments 450Dividends received 100Interest received 200
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $16,200 $15,400 Inventory 70,200 70,900 Accounts payable 22,600 21,300 Dividends payable 20,000 22,000 Adjust net income of $100, 400 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. fill in the blank 1 of 1$
Use the information below (in millions) to determine net cash inflows (outflows) from operating activities. Cash received from: Customers $ 3,000 Interest on investments 280 Sale of land 180 Sale of its own common stock 760 Issuance of debt securities 2,800 Cash paid for: Interest on debt $ 380 Income tax 160 Debt principal reduction 2,300 Purchase of equipment 5,600 Purchase of inventory 1,800 Dividends on its common stock 440 Operating expenses 660
Given the following data from company def, using the direct method of cash flows the company would have determined its cash inflow to be: $30,000.00 Accounts receivable, at 12/31/2018 $20,000.00 Accounts receivable, at 12/31/2019 $507,000.00 Sales for year 2019 $357,000.00 Gross Profit A) 497,000 B) 367,000 C) 347,000 D) 517,000
How does Accounts Payable impact Declan's Designs' 2022 Statement of Cash Flows?

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Complete the statement of sources and uses of cash from the following entries: Net income $ 2,100 Dividends 900 Additions to inventory 180 Additions to receivables 210 Depreciation 150 Reduction in payables 610 Net issuance of long-term debt 360 Sale of fixed assets 120