Metlock, Inc.'s net income for the current year was $432000. Depreciation was $56000. Accounts receivable and inventories decreased by $18000 and $29000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $14000. Equipment was sold at a gain of $7800. How much cash was provided by operating activities?

Q: A company had net income of $245,163. Depreciation expense was $20,638. During the year, accounts…

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…

Q: What was its net cash flow?

A: Net cash flow is the amount of total cash flows generated by an organization over a period of time…

Q: What is the net cash provided by operations under the indirect method?

A: Cash flow from operations:Cash flow from operations (CFO) is a key financial metric that represents…

Q: Sales are 2,000,000. COGS are 1,000,000. Depreciation is 300,000. Taxes are 150,000. SG&A is…

A: Formula used: Operating cash flow = Net income + Depreciation. Sum of both net income and…

Q: Lense Laboratories' net income was $300,000. Given the account information below, what is the net…

A: 1. increase in accounts receivable : It is a increase in current assets. If Accounts receivable are…

Q: Kendall Corners Inc. recently reported net income of $2.9 million and depreciation of $700,000. What…

A: Net cash flow refers to the cash flow generated by the firm from it's business.It is important to…

Q: Blossom Company reported net income of $386000 for the year. During the year, accounts receivable…

A: Operating cash flow means cash inflow or outflow from main operations of the company. It is…

Q: Grau Company reported sales revenue of $100,000 and total expenses of $90,000 (including…

A: Cash flow from operating activities:  This section of cash flow statement provides information about…

Q: A company had net income of $287,208. Depreciation expense was $20,306. During the year, accounts…

A: Statement of Cash Flow Cash flow from operating activities:   Net income $287,208…

Q: The comparative balance sheets for Pronghorn Company show these changes in noncash current asset…

A: The net cash flow from the operating activities means the cash received by the company from the…

Q: A company had net income of $252,000. Depreciation expense is $26,000. During the year, accounts…

A: Cash flow from operating activities is a part of the cash flow statement and it includes transection…

Q: A company had net income of $265,307. Depreciation expense is $27,888. During the year, Accounts…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Novak Corp.'s net income for the current year was $622000. Depreciation recorded on plant assets was…

A:

Q: A company had net income of $253,836 and depreciation expense of $22,640. During the year, accounts…

A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…

Q: Wilton Company reported net income of 80000 for the year. During the year, accounts receivable…

A: CASH FLOW STATEMENTCash flow statement is additional information to user of financial statement.…

Q: Please correct answer and don't use hend raiting

A: We calculate the operating cash flow for Harper Brothers, Inc. as follows:1. Calculate EBIT…

Q: The cost of goods sold during the year was $341600. Inventory decreased by $11200 during the year…

A: Purchases = Cost of goods sold - Decrease in inventory Purchases = $341600 - $11200 Purchases =…

Q: what is the net cash flows from operating activities for Lense Laboratories?

A: Cash Flow Statement is the statement that shows the movement of cash flow within the organization.…

Q: Windsor, Inc. reported net income of $76500 for the year 2022. During 2022, accounts receivable…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: Net income was $62,700; accounts receivable decreased by $15,750; inventory increased by $7,450;…

A: Formula: If Assets increased deduct from Net income.

Q: Xanu Company's current value of operations is $4,079 million, with $679 million due to free cash…

A: given, current value of operations = $4,079 million  free cash flows occurring in Years 1 to 5=$679…

Q: A company had net income of $252,000. Depreciation expense is $26,000. During the year, accounts…

A: To determine the net cash flow from operating activities using the indirect method, we'll start with…

Q: the net income reported on the income statement for the current year was $250,000. depreciation was…

A: Cash flows from operating activities: A section of the Statement of cash flow explains the sources…

Q: Use the following information to compute net financial cash flow for a firm: Net income for the…

A: Cash flows in the business refer to cash inflows and cash outflows of business for a particular…

Q: The net income reported on the income statement for the current year was $259000. Depreciation was…

A: CASH FLOW FROM OPERATING ACTIVITY IS EQUAL TO FUNDS FROM OPERATION PLUS CHANGES IN WORKING CAPITAL .…

Q: Assume net income was $230,000, depreciation expense was $6,400, accounts receivable decreased by…

A: Introduction: Statement of cash flows: All cash in and outflows are shown in cash flows statements.…