### 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 $ $ $
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 $
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
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…
What is Hershey's operating cash flow to operating income ratio in 2022 under the replacement cost?
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 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.
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Current Attempt in Progress Pina Colada Corp. reported net income of $351000 for the year. During the year, accounts receivable increased by $25000, accounts payabl decreased by $11000 and depreciation expense c $54000 was recorded. Net cash provided by operating activities for the year is O $369000. O $312000. O $351000. O $333000.
Comment on the Cash flows from operating activities R756 000; Increase in receivables (R396 000) and Cash flows from investing activities (R1 368 000)
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