Current Attempt in ProgressPharoah Service Company's net income for 2025 was $290200. At the end of the year, the company's accounts receivable balance was$24700 higher than at the beginning of the year. The accounts payable balance was $5400 lower than at the beginning of the year andthe company reported depreciation expense of $45000. Net cash provided by operating activities for the year isO $275300.O $290200.O $305100.O $246200.

Cash flow from operating activities include the company's cash inflow and outflow from the conduct…

Answered: Current Attempt in Progress Pharoah…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

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Current Attempt In Progress Oriole Company reported a net loss of $13440 for the year ended December 31, 2022. During the year, accounts receivable decreased $31360, inventory increased $22400, accounts payable increased by $33600, and depreciation expense of $26880 was recorded. During 2022, operating activities O provided net cash of $56000. O used net cash of $15680. O provided net cash of $82880. O used net cash of $56000.
The XYZ Company had the following income statement on 31.12.2020 Deprecation 15000 Net income 110000 OMR The following accounts decreased during 2020: Accounts receivable 24000 inventory 18000 OMR, Rent payable 15000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 25000 Accounts Payable 8000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities a. 149000 OMR b. 145000 OMR c. NONE OF THESE d. 135000 OMR
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Skysong Company's accounts receivable amounted to $118000 at the beginning of fiscal year 2025 and $103200 at the end of the year, respectively. The company's net income for the year was $463000. Assuming that these are the only required adjustments, what are the cash flows from operating activities to be reported on the statement of cash flows? O $448200 O $566200. O $477800. O $463000.
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Carmela Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment) 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers' accounts of P3,000 45,000 Notes payable - bank, due on July 2022 25,000 Income tax payable 15,000 Total current assets reported in the December 31, 2021 balance sheet is
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The following information was extracted from the records of SydMel Ltd for the year ended30 June 2021.SydMel LtdStatement of Financial Position (Extract)As at 30 June 2021AssetsAccounts receivables $26,000Allowance for doubtful debts 2,500 $23,500Equipment 150,000Accumulated depreciation – Equipment (20% per year) 30,000 120,000LiabilitiesInterest Payable 2,000 2,000Provision for employee benefits 5,000 5,000Additional information• The allowed deductible tax depreciation rate for Equipment is 25%.• None of the employee benefits has been paid. It is not deductible for tax purposes untilit is actually paid.• The tax rate is 30%.Requireda. Prepare a deferred tax worksheet to identify the temporary differences arising inrespect of the assets and liabilities in the statement of financial position, and tocalculate the balance of the deferred tax liability and deferred tax asset accounts at30 June 2021. Assume the opening balances of the deferred tax accounts were $3,000for Deferred Tax…
Blossom Company reported net income of $92700 for the year 2022. During 2022, accounts receivable increased by $6180, accounts payable decreased by $4120 and depreciation expense of $10300 was recorded. Net cash provided by operating activities for 2022 is $84460. $92700. $103000. O $82400.

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