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 $

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 $

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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In 2021, Lmao company reported cash basis income of P 7,800,000. Tracing back its records, accounts receivable and accounts payable on December 31, 2021 were P5,200,000 and P 1,950,000 respectively. During the year, the accounts receivable increased by 200% while accounts payable decreased by 50%. How much were net income using accrual method?
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Prepare the Cash Flow Statement for Dell Technologies Inc. for January 29th 2021 using the Direct Method. DELL TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF INCOME (LOSS) 29TH JANUARY 2021 (in millions) Net Revenue 94,224 Cost of Net Revenue (64,807) Gross Margin 29,417 Operating Expenses: Selling, General & Admin 18,998 Depreciation Expense 5,275 Total Operating Expenses (24,273) Operating Profit 5,144 Interest Expense (1,474) Pretax Income 3,670 Income Tax Expense (165) Net Profit 3,505 DELL TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF FINANCIAL…
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Condensed financial data of Nash Company for 2020 and 2019 are presented below. NASH COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,780 $1,130 Receivables 1,740 1,290 Inventory 1,610 1,870 Plant assets 1,930 1,710 Accumulated depreciation (1,210 ) (1,150 ) Long-term investments (held-to-maturity) 1,290 1,440 $7.140 $6.290 $900 Accounts payable Accrued liabilities $1,180 190 240 Bonds payable 1,410 1,590 Common stock 1,920 1,690 Retained earnings 2,440 1,870 $7.140 $6,290 NASH COMPANY INCOMESTATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,880 Cost of goods sold 4,650 Gross margin 2,230 Selling and administrative expenses 940 Income from operations 1,290 Other revenues and gains Gain on sale of investments 80 Income before tax 1,370 Income tax expense 540 Net income 830 Cash dividends 260 Income retained in business $570
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Suppose Gulf Shipping Company had the following results related to cash flows for 2019: Net Income of $5,300,000 Adjustments from Operating Activities of -$500,000 Net Cash Flow from Investing Activities of -$700,000 Net Cash Flow from Financing Activities of $3,200,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows).
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