provide answer General accounting In fiscal year 2023, Atlantis Technologies Inc. reportedthe following cash flow information:.••Cash provided by operating activities:$218,456,000Cash used in investing activities: $176,329,000Cash used in financing activities: $42,127,000Capital expenditures for property, plant, andequipment: $163,785,000Dividends paid to shareholders: $15,300,000Calculate Atlantis Technologies' free cash flow for thefiscal year. Explain your calculation using theappropriate formula.

Explanation: The formula to calculate free cash flow is as follows:Free cash flow = Cash provided by…

Answered: In fiscal year 2023, Atlantis…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

See similar textbooks

Similar questions

Blue Spruce Ltd. engaged in the following cash transactions during 2023:Proceeds from sale of land and building $202,000Repurchase of company's ownshares27,000Purchase of land54,000Payment of cash dividends60,000Purchase of equipment37,000Issuance of common shares161,000Retirement of bonds payable211,000 Calculate the net cash provided (used) by financing activities, under ASPE.
Sunland Corporation reports the following information for 2026: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt Sunland's cash debt coverage is 1.45. 3.59. 2.52. 3.42. $362500 144000 106000 55000 101000 36000
ATC Corporation had the following data in 2021: Revenues were P8,000,000, operating expenses totalled P7,200,000 that included depreciation of P150,000 and intangible asset amortization of P20,000. The profit and loss also reported unrealized loss on equity investments at fair market value through profit or loss of P18,000 and gain on sale of equipment of P28,000. How much is the net cash flow from operating activities?
At December 31, 2022, Blue Corporation reported the following plant assets. Land $ 5,853,000 Buildings $26,740,000 Less: Accumulated depreciation—buildings 23,265,675 3,474,325 Equipment 78,040,000 Less: Accumulated depreciation—equipment 9,755,000 68,285,000 Total plant assets $77,612,325 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $4,292,200. May 1 Sold equipment that cost $1,170,600 when purchased on January 1, 2016. The equipment was sold for $331,670. June 1 Sold land for $3,121,600. The land cost $1,951,000. July 1 Purchased equipment for $2,146,100. Dec. 31 Retired equipment that cost $1,365,700 when purchased on December 31, 2013. No salvage value was received. (a) Journalize the transactions. Blue uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year…
The net income for 2020 for Won Hae Na Corp. was P3,520,000. Additional data are as follows: www purchases of plant assets- P2,800,000; Depreciation expense- P1,480,000; Dividends declared- P970,000; Net decrease in non-cash current assets- P290,000 and loss on sale of equipment- P130,000. How much is the net cash inflow from operating activities on December 31, 2020? A. P7,250,000 В. Р5,420,000 С. Р5,290,000 D. P5,130,000
Using the above data, calculate the operating-cash-flow-to-current-liabilities ratio for Los Altos, Inc. (Round to two decimals.) Activity reported by Los Altos, Inc.Cash flow from operating activities$1,500,000 Capital expenditures850,000 Current liabilities, beginning of year300,000 Current liabilities, end of year360,000
STATEMENT OF CASH FLOWS An entity presented the following comparative financial information: 2018 2017 Property, plant and equipment 2,190,000 1,440,000 Accumulated depreciation 450,000 270,000 Long-term investments 225,000 - Prepaid expenses 351,000 315,000 Merchandise inventory 1,950,000 1,260,000 Accounts receivable, net of allowance 1,560,000 1,080,000 Cash 690,000 640,000 Share capital-ordinary 3,000,000 2,400,000 Retained earnings 906,000 688,000 Long-term note payable 1,275,000 1,095,000 Accounts payable 309,000 282,000 Dividend payable 201,000 - Accrued expenses 825,000 - 2018 2017 Net credit sales 7,020,000 3,753,000…
Subject: acounting
At December 31, 2022, Cheyenne Corporation reported the following plant assets. Land $ 3,933,000 Buildings $26,550,000 Less: Accumulated depreciation—buildings 15,633,675 10,916,325 Equipment 52,440,000 Less: Accumulated depreciation—equipment 6,555,000 45,885,000 Total plant assets $60,734,325 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,884,200. May 1 Sold equipment that cost $786,600 when purchased on January 1, 2016. The equipment was sold for $222,870. June 1 Sold land for $2,097,600. The land cost $1,311,000. July 1 Purchased equipment for $1,442,100. Dec. 31 Retired equipment that cost $917,700 when purchased on December 31, 2013. No salvage value was received. Journalize the transactions. Cheyenne uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no…
Lindsay Corporation had net income for 2021 of $3,000,000. Additional information is as follows: Depreciation of plant assets Amortization of intangibles Increase in accounts receivable Increase in accounts payable $1,200,000 240,000 420,000 540,000 Lindsay's net cash provided by operating activities for 2021 was $2,680,000. $4,440,000. $4,320,000. $4,560,000.
Prepare the Cash Flow statement of concha ltd for the year ended 31 December 2023 Sales 2484000 Cost of Sales -1212000 Gross profit 1272000 Selling and admin expenses -504000 Operating profit 768000 Interest expense -48000 Profit before tax 720000 Company tax -192000 Profit after tax 528000 Statement of financial position as at 31 december 2023: [2023] Non current asset 2244000 Land and buildings 1320000 Plant and machinery 744000 Investments 180000 Current asset 648000 Inventories 288000 Accounts receivable 306000 Cash and cash equivalents 54000 Total asset 2892000 EQUITY AND LIABILITIES (2023) Equity 1872000 Ordinary share capital (300000 shares) 1200000 Retained earnings 672000 Non current liabilities 480000 Long term loan 480000 Accounts payable 288000 Company tax payable 96000 Dividends payable 156000 Total equity and liabilities 2892000 Statement of financial position as at 31 december 2022: [2022] Non current asset 176400 Land and buildings 1128000 Plant and machinery…
At December 31, 2022, Pronghorn Corporation reported the following plant assets. Land $ 3,498,000 Buildings $26,630,000 Less: Accumulated depreciation—buildings 13,904,550 12,725,450 Equipment 46,640,000 Less: Accumulated depreciation—equipment 5,830,000 40,810,000 Total plant assets $57,033,450 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,565,200 May 1 Sold equipment that cost $699,600 when purchased on January 1, 2016. The equipment was sold for $198,220. June 1 Sold land for $1,865,600. The land cost $1,166,000. July 1 Purchased equipment for $1,282,600. December 31 Retired equipment that cost $816,200 when purchased on December 31, 2013. No salvage value was received. Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31, 2022, balance sheet. (If a transaction causes a decrease in Assets,…

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS