### Understanding Cash Flow from Operating ActivitiesDuring 2020, the Cullumber Company recorded a net income of $85,200. Additionally, the following changes occurred in selected accounts:- **Accounts Receivable:** $3,400 increase- **Accounts Payable:** $800 increase- **Buildings:** $4,100 decrease- **Depreciation Expense:** $1,700 increase- **Bonds Payable:** $8,400 increase**Question:** What was the amount of cash provided by operating activities?#### Options:- $95,400- $86,900- $84,300- $85,200Feel free to make a selection and submit your answer. You can save the attempt and try again later if needed. You have 1 attempt.#### Analysis:To calculate the cash provided by operating activities, adjustments to net income are required based on changes in working capital and depreciation. Adjustments typically include:- **Add increases in accounts payable and depreciation expense.**- **Subtract increases in accounts receivable.**- **Adjust for changes in other accounts affecting cash flow.**Reflect on these principles to determine the correct amount from the given options.

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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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Current Attempt in Progress Your answer is partially correct. In 2020, Carla Corporation reported a net loss of $66,300. Carla's only net income adjustments were depreciation expense $77,200, and increase in accounts receivable $8,400. Compute Carla's net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities eTextbook and Media Save for Later Attempts: unlimited Submit Answer
Current Attempt in Progress Concord, Inc. reported net income of $2.15 million in 2022. Depreciation for the year was $137,600, accounts receivable decreased $301,000, and accounts payable decreased $240,800. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Concord, Inc. Statement of Cash Flows-Indirect Approach December 31, 2022 Adjustments to reconcile net income to $ $ $
Use the information provided below to prepare the Cash Flow Statement Limited for the year ended 31 December 2020. Note:(a) Plant and equipment was purchased but there was no disposal.(b) The number of ordinary shares in issue was 930 000.(c) All purchases and sales of inventory were on credit.(d) Credit terms to debtors are 30 days. Debtors took approximately 28 days to settle their accounts during 2019.
11. In 2020, Windsor Corporation reported a net loss of $69,800. Windsor’s only net income adjustments were depreciation expense $81,700, and increase in accounts receivable $8,900.Compute Windsor’s net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash by operating activities $
What is the amount of Cash Flow Provided By (Used In) Operating Activities? (Round to the nearest 2 decimal places)
Question 4: XYZ Co. had the following information in 2020: Sales 150000 СOGS 80000 Operating expenses (excluding depreciation) Interest expense Таxes 32000 8000 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
Current Attempt in Progress Vaughn Corporation had the following activities in 2020. 1. Payment of accounts payable $774,000 Issuance of common stock $270,000 Payment of dividends $384,000 2. 3. 4. Net cash 5. 6. Compute the amount Vaughn should report as net cash provided (used) by financing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) by financing activities $ Collection of note receivable $92,000 Issuance of bonds payable $548,000 Purchase of treasury stock $43,000 LA
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable Decrease in inventory Increase in ACcounts payable Decrease in other payables 7000 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.
Pronghorn Inc. Cash Flow Statement For the Year Ended on 31 December 2020 Cash Flow from Operating Activities: Net Income $47,200 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Add: Depreciation 9200 Changes in current operating assets and liabilities: Add: Increase in Accounts Payable 6480 Less: Increase in Accounts Receivable (4480) Net Cash Provided by Operating Activities (A) $58,400 Cash Flow from Investing Activities: Purchase of Equipment $(18,480) Net Cash Used by Investing Activities (B) $(18,480) Cash Flow from Financing Activities: Payment of Dividends $(27,680 ) Proceeds from Issuance of Common Stock 19,760 Net Cash Used by Financing Activities (C) $(7,920) Net Increase/Decrease in Cash (A+B+C) $32,000 Add Cash Balance on 1/1/2020 14480 Cash Balance on 31/12/2020 $46,480 I dont have the right spacing for this layout. what I have looks like this: Cash Flows…
Use the following information about Can Corporation for 2012. Accounts payable increase $10,000 Accounts receivable increase 5,000 Accrued liabilities decrease 4,000 Amortization expense 7,000 Cash paid as dividends 30,000 Cash paid to purchase land 85,000 Cash paid to retire bonds payable at par 55,000 Cash received from issuance of common dock 40,000 Cash received from sale of equipment 20,000 Depreciation expense 30,000 Gain on sale of equipment 5,000 Inventory decrease 12,000 Net income 75,000 Prepaid expenses increase 1,000 What is the net cash flow from investing activities? a. ($73,000) b. ($65,000) c. ($85,000) d. $20,000
Gutierrez Company reported net income of $191,900 for 2020. Gutierrez also reported depreciation expense of $44,600 and a loss of $4,600 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $15,100 for the year, a $17,100 increase in accounts payable, and a $3,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020

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