Metlock Lawn Service Company reported a net loss of $15300 for the year ended December 31, 2025. During the year, accountsreceivable decreased $25000, inventory increased $20000, accounts payable increased by $30600, and depreciation expense of$26400 was recorded. During 2025, operating activitiesprovided net cash of $77000O provided net cash of $46700.O used net cash of $46700.○ used net cash of $9200.

Step 1: Start with Net Income (or Loss)Begin with the reported net loss: -$15300. Step 2: Add Back…

Answered: Metlock Lawn Service Company reported a…

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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Windsor, Inc. reported a net loss of $12900 for the year ended December 31, 2022. During the year, accounts receivable decreased $6450, inventory increased $10320, accounts payable increased by $12900, and depreciation expense of $7740 was recorded. During 2022, operating activities provided net cash of $9030. provided net cash of $3870. used net cash of $9030. used net cash of $3870.
Whispering Winds Corp. reported a net loss of $13800 for the year ended December 31, 2022. During the year, accounts receivable decreased $6900, inventory increased $11040, accounts payable increased by $13800, and depreciation expense of $8280 was recorded. During 2022, operating activities provided net cash of $4140. used net cash of $4140. used net cash of $9660. provided net cash of $9660.
Sunland Company had net income of $854400 for the year ending 12/31/2022. Depreciation expense for 2022 is $105600. During the year, accounts receivable and inventory increased $57600 and $153600, respectively. Prepaid expenses and accounts payable decreased $7680 and $15360, respectively. There was also a loss on the sale of equipment of $11520. How much cash was provided by operating activities in 2022?
Whispering Winds Corp. had net income of $818800 for the year ending 12/31/2022. Depreciation expense for 2022 is $101200. During the year, accounts receivable and inventory increased $55200 and $147200, respectively. Prepaid expenses and accounts payable decreased $7360 and $14720, respectively. There was also a loss on the sale of equipment of $11040. How much cash was provided by operating activities in 2022? $721280. $1037760. $993600. $699200.
Marigold Corp. reported a net loss of $11700 for the year ended December 31, 2022. During the year, accounts receivable decreased $5850, inventory increased $9360, accounts payable increased by $11700, and depreciation expense of $7020 was recorded. During 2022, operating activities used net cash of $3510. used net cash of $8190. provided net cash of $8190. provided net cash of $3510.
Blue Spruce Corp. reported a net loss of $17400 for the year ended December 31, 2022. During the year, accounts receivable decreased $8700, inventory increased $13920, accounts payable increased by $17400, and depreciation expense of $10440 was recorded. During 2022, operating activities
Sunland Company reported a net loss of $14400 for the year ended December 31, 2022. During the year, accounts receivable decreased $7200, inventory increased $11520, accounts payable increased by $14400, and depreciation expense of $8640 was recorded. During 2022, operating activities
Marigold Corp. had net income of $694200 for the year ending 12/31/2022. Depreciation expense for 2022 is $85800. During the year, accounts receivable and inventory increased $46800 and $124800, respectively. Prepaid expenses and accounts payable decreased $6240 and $12480, respectively. There was also a loss on the sale of equipment of $9360. How much cash was provided by operating activities in 2022? $611520. $592800. $842400. $879840.
Dog
Baxter Company reported a net loss of $13,632 for the year ended December 31. During the year, accounts receivable decreased by $6,999, inventory increased by $9,264, accounts payable increased by $14,699, and depreciation expense of $5,503 was recorded. During the year, operating activities a.provided net cash of $13,632. b.provided net cash of $4,305. c.used net cash of $4,305. d.used net cash of $13,632.
Vaughn Company reported net income of $112000 for the year ended December 31, 2020. During the year, inventories decreased by $14600, accounts payable decreased by $20500, depreciation expense was $17800 and a gain on disposal of equipment of $9500 was recorded. Net cash provided by operating activities in 2020 using the indirect method was O $123900. O $105900. O $126600. O $114400.
Vaugh Inc. reported net income of $3.10 million in 2022.Depreciation for the year was $198, 400, accounts receivable decreased $434, 000,and accounts payable decreased $347, 200 .Compute net cash provided by operating activities using the indirect method.

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