Depreciation OMR 12000 Net Profit OMR 148000 The following accounts decreased during 2020: Accounts receivable OMR 20000 Inventory OMR18000 Rent payable OMR17000 Machinery OMR 25000 The following accounts increased during 2020: Notes receivable OMR 15000 Account payable OMR 18000 Bonds payable OMR 20000 What is the net cash flows from operating activities?
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- Reporting Net Cash Flow from Operating Activities The following information is available for Bernard Corporation for 2019: Net income $199,000 Decrease in accounts receivable 6,400 Increase in inventory 18,300 Decrease in prepaid rent 2,100 Increase in salaries payable 4,410 Decrease in income taxes payable 4,270 Increase in notes payable (due 2023) 50,000 Depreciation expense 44,700 Loss on disposal of equipment 11,000 Required: Compute the net cash flows from operating activities using the indirect method.12. Aqua Ltd has operating profit for the year ended 30 June 2020 of £56,300, after charging depreciation of £18,500 and making a profit on the disposal of a car of £1,000. The balance sheet shows the following: InventoryTrade Receivables Trade Payables 2019 2020 ££ 8,500 13,200 17,000 15,500 12,600 14,200 What is the net cash from operating activities? a) £71,200 b) £72,200 c) £78,100 d) £77,100According to the information given in the table below, which of the following is cash flow from operating activities? Net income 86,000 Deprecation 31,500 Increase in Accounts Receivable 18,600 Decrease in Inventory 14,300 Increase in Accounts Payable 24,600 Select one: a. 146400 b. 137800 c. 148200 d. 152600 العربية الإنجليزية
- Accounting Suppose that a company's cash flow statement showed the following: o Net Income: $19,917.48 o Depreciation: $3,109.46 o Accounts receivable: $-996.63 o Inventory: $489.61 o Accounts payable: $984.18 What is this company's net cash from operating activities? $22,519.92 $23,014.49 $23,516.55 $20,394.64 $23,504.10Cash Flows from Operating Activities—Indirect Method Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method: a. Decrease in inventory b. Increase in accounts receivable c. Increase in accounts payable d. Loss on retirement of long-term debt e. Depreciation of fixed assets f. Decrease in notes receivable due in 60 days from customers g. Increase in salaries payable h. Decrease in prepaid expenses i. Amortization of patent j. Increase in notes payable due in 120 days to vendors k. Gain on disposal of fixed assetsPronghorn 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 $46,480 I dont have the right spacing for this layout. what I have looks like this: Cash Flows…
- Required information [The following information applies to the questions displayed below.] Portions of the financial statements for Parnell Company are provided below. For the Revenues and gains: Sales Cost of goods sold Gain on sale of building Expenses and loss: Salaries Insurance Depreciation PARNELL COMPANY Income Statement Income tax expense Year Ended December 31, 2021 ($ in thousands) Interest expense Loss on sale of equipment Income before tax Net income $ 820 10 $310 122 42 125 52 13 $830 664 166 83 $ 83Indirect Method— Preparing a Statement of Cash Flows Kidman Corp. reported the following financial statements for the year ended December 31, 2020. Balance Sheet, December 31 2019 2020 Difference Cash and cash equivalents $14,400 $37,200 $22,800 Accounts receivable 11,400 9,000 (2,400) Merchandise inventory 18,600 35,400 16,800 Land 12,000 2,400 (9,600) Equipment 28,800 43,200 14,400 Accumulated depreciation (7,200) (14,400) (7,200) Total assets $78,000 $112,800 $34,800 Accounts payable $9,600 $10,800 $1,200 Notes payable, long-term 4,200 1,200 (3,000) Bonds payable -- 18,000 18,000 Common stock (no-par) 48,000 55,200 7,200 Retained earnings 16,200 27,600 11,400 Total liabilities and stockholders’ equity $78,000 $112,800 $34,800 Income StatementFor Year Ended December 31, 2020 Revenues $91,200 Cost of goods sold 49,200 Depreciation 7,200 Other expenses 8,400 Loss on sale of land 6,000 Net income $20,400 Required Prepare…Complete the statement of sources and uses of cash from the following entries: Net income $ 3,500 Dividends 900 Additions to inventory 320 Additions to receivables 350 Depreciation 290 Reduction in payables 750 Net issuance of long-term debt 500 Sale of fixed assets 260 Sources ___________ Additions to inventory ____________ Decrease in Accounts Payable Depreciation Increase in Accounts receivable Cash from operations Additions to inventory ___________ Decrease in accounts payable ___________ Depreciation Increase in accounts receiveable Total Sources Uses Additions to inventory ___________ Decrease in accounts payable ___________…
- Could you please separate the cash inflows and outflows? Cash flows from operating activities 2021 2020 2019 Net income (loss) $ 360,060 $ (549,177) $ 92,139 Adjustments to reconcile net income (loss) to net cash used in operating activities Depreciation and amortization 141,144 164,984 186,425 Unrealized foreign currency exchange rate gain (loss) 18,877 (9,295) (2,073) Loss on extinguishment of senior convertible notes 58,526 0 0 Loss on disposal of property and equipment 4,468 3,740 4,640 Gain on sale of the MyFitnessPal platform 0 (179,318) 0 Non-cash restructuring and impairment charges 26,938 470,543 39,000 Amortization of bond premium 16,891 12,070 254 Stock-based compensation 43,794 42,070 49,618 Deferred income taxes (2,642) 43,992 38,132 Changes in reserves and allowances (25,766) 10,347 (26,096) Changes in operating assets and liabilities: Accounts receivable (31,153) 167,614 (45,450) Inventories 93,287 15,306 149,519 Prepaid…ABC Co. had the following activities in 2020:Issue of common stock OMR 28000 Increase in receivables OMR 16000 Decrease in Land OMR 75000 Decrease in inventory OMR 25000 Sale of Building OMR 14000 Payment of Bank loan OMR 23000 Purchase of equipment OMR 55000 Purchase of available-for-sale securities OMR 43000 Sale of Machinery OMR 25000 What is the cash flows from Investing activities? a. OMR 50000 b. OMR 16000 c. None of the options d. OMR 90000Prepare a statement of cash flows for the Maness Coporation, using the infromation shown in the balance sheets. 2017 2018 Changes Assets Cash $150 $125 $(25) Accounts receiveable 350 375 25 Inventory 475 550 75 Total current assets 975 1,050 75 Gross fixed assets 2425 2750 325 Accumulated depreciation (1000) (1200) (200) Net fixed assets 1425 1550 125 TOTAL ASSETS 2400 2600…