Net income was $106,794. Accounts Payable increased by $19,324 while Accounts Receivable increased by $21,566 during the period. State the net cash provided by operating activities using the indirect method.
Q: The following information is available from the current period financial statements: Net income…
A: Introduction: A cash flow statement is a financial statement that outlines a company's cash inflows…
Q: Cash Flows from Operating Activities-Direct Method The cash flows from operating activities are…
A: The cash flow statement (CFS) is a financial statement that shows how cash equivalents (CCE) enter…
Q: cash flows from operating activities
A: The cash flow statement is one of the financial statements to be prepared by the Company. It can be…
Q: Indicate whether each of the following would be added to or deducted from net income in determining…
A: Cash flow from operating activities: It refers to the amount of total cash inflows that the company…
Q: In preparing a company's statement of cash flows using the indirect method, the following…
A: Cash flow statement provided information about the cash inflows and cash outflows of the…
Q: Accounts receivable from sales transactions were $46,255 at the beginning of the year and $67,957 at…
A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…
Q: Each of the following is added to net income in computing net cash provided by operating activities…
A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…
Q: Stuart Brands, Inc., presents its statement of cash flows using the indirect method. The following…
A: Statement of cash flows:This statement reports all the cash transactions which are responsible for…
Q: If Accounts receivable decrease by R.O.50,000 Income reported on the income statement for the year…
A:
Q: The current period statement of cash flows includes the following: Cash balance at the beginning of…
A: Business activities can be classified into operating activities, financing activities, and the…
Q: Using Metnod of determining Cash Flows, how much cash did this company receive from its customers…
A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…
Q: Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the…
A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…
Q: The major classifications of activities reported in the statements of cash flows are operating,…
A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…
Q: Green Brands, Inc. (GBI) presents its statement of cash flows using the indirect method. The…
A: Cash Flow From Operating Activities :— It shows the amount of cash and cash equivalents generates…
Q: Jse the following information of VPI Co. to prepare a statement of cash flows for the year ended…
A: Net Increase in cash : cash flows from (Operating activities + Investing Activities + Financing…
Q: What adjustment(s) should be made to reconcile net income to net cash flows from operating…
A: Using the indirect method, the changes in net working capital accounts needs to be adjusted to net…
Q: Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end…
A: Following is the answer to requisite question
Q: Accounts receivable from sales transactions were $45,582 at the beginning of the year and $68,677 at…
A: Increase or decrease=Accounts receivable in the beginning-Accounts receivable in the…
Q: Cash Flows from Operating Activities-Direct Method The cash flows from operating activities are…
A: Under the direct method of cash flow, company accounts only the actual cash inflow and outflow while…
Q: Assume Cramer uses the direct method to prepare the statement of cash flows. Incometax payable was…
A: Direct method of cash flow: In this method, all the actual cash payments and receipts are recorded…
Q: Accounts receivable from sales transactions were $49,174 at the beginning of the year and $63,557 at…
A: The cash flow statement is an essential part of the financial statements of the organization. It is…
Q: Green Brands, Inc. (GBI) presents its statement of cash flows using the indirect method. The…
A: Answer - Part 1 - Cash flow using the Direct Method - GREEN BRAND INC Statement of Cash Flows…
Q: Net income is OMR 132000, accounts payable increased OMR 10000 during the year, inventory decreased…
A: Cash flows provided by operating activities is a part of cash flow statement which shows all cash…
Q: Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at…
A: The Cash flow statement is a financial statement that shows how variations in income and balance…
Q: Sales for the year were $551,730. Accounts receivable were $107,769 and $86,221 at the beginning and…
A: Definition: Accounts receivable: Accounts receivable refers to the amounts to be received within a…
Q: If Accounts receivable increase by R.O.100,000. Income reported on the income statement for the year…
A: Cash flows from operating activities: Cash flows from operating activity represent the net cash…
Q: The following information is available from the current period financial statements: Net income…
A: The cash flow statement is prepared to estimate the net cash inflow or outflow from the business…
Q: The following information is available from the current period financial statements: Net income…
A: Introduction:- A cash flow statement denotes total amount cash is inflows and cash outflows your…
Q: 1. The current period statement of cash flows includes the following: Cash balance at the beginning…
A: Statement of cash flows is one of the financial statement of business, which shows and provides…
Q: Accounts receivable from sales transactions were $48,847 at the beginning of the year and $66,305 at…
A: The cash flow statement is prepared to estimate the net cash inflow or outflow from the business…
Q: Calculator The following information is available from the current period financial statements:…
A: Cash flow statement: Cash flow statement is a main part of financial statement. It is prepared to…
Q: The following information is available from the current period financial statements: Net income…
A: Depreciation expense is a noncash expense and does not reduce cash. Therefore it is added back to…
Q: Stuart Brands, Inc., presents its statement of cash flows using the indirect method. The following…
A: a.Prepare statemenet of operating activites using direct method:
Q: Holloway Company earned $6,200 of service revenue on account during Year 1. The company collected…
A: Balance of the accounts recievable=Revenue on Account-Amount Collected Closing Retained…
Q: In preparing a company's statement of cash flows using the indirect method, the following…
A: Lets understand the basics. Cashflow statement indicates cash inflow and outflow occur during a…
Q: Cash Flows from Operating Activities—Direct Method The cash flows from operating activities are…
A: The cash flows of a company include the outflow and the inflow of the cash during the year. The…
Q: Each of the following is added to net income in computing net cash provided by operating activities…
A: Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: Cash balance at the beginning of the period $310,000 Net cash flows from operating activities…
A: Introduction Cash flow statement: Cash flow statement is the financial statement which reports cash…
Q: Indicate whether each of the following would be added to or deducted from net income in determining…
A: Statement of cash flows: It is one of the financial statement that shows the cash and cash…
Q: Accounts receivable arising from sales to customers amounted to $88000 and $71000 at the beginning…
A: Cash flow statement provided information about the cash inflows and cash outflows of the…
Q: A company reported net Income of $250,000. Beginning balances In Accounts Recelvable and Accounts…
A: The cash flow of a company occurred during an accounting period is divided into three categories; 1)…
Q: Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at…
A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…
Q: The following information is available from the current period financial statements: Net income $…
A: Cash flows from operating activities: This section of cash flow statement provides information…
Q: The net cash flow provided by operating activities is an inflow of $37,042, the net cash flow used…
A: The cash flow statement is helpful for the stakeholders that they can identify the organization's…
Q: The following information is available from the current period financial statements: Net income $…
A: Cash flow statement provided information about the cash inflows and cash outflows of the company.…
Q: The following information is available from the current period financial statements: Net income…
A: To calculate cash flow from operating activities: Net Income Add: Non-Cash Expenses Add:…
1. Net income was $106,794. Accounts Payable increased by $19,324 while Accounts Receivable increased by $21,566 during the period. State the net cash provided by operating activities using the indirect method.
Step by step
Solved in 2 steps
- The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following:a. If sales for the current year were $753,500 and accounts receivable decreased by $48,400 during the year, what was the amount of cash received from customers?b. If income tax expense for the current year was $50,600 and income tax payable decreased by $5,500 during the year, what was the amount of cash payments for income taxes?c. Briefly explain why the cash received from customers in (a) is different from sales.The following information is available from the current period financial statements: Net income $112,044 Depreciation expense 22,976 Increase in accounts receivable 14,959 Decrease in accounts payable 16,749 The net cash flow from operating activities using the indirect method is:The cash flows from (used for) operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $558,800 and accounts receivable decreased by $39,700 during the year, what was the amount of cash received from customers?$fill in the blank 1 b. If income tax expense for the current year was $38,900 and income tax payable decreased by $4,500 during the year, what was the amount of cash paid for income taxes?$fill in the blank 2 c. Briefly explain why the cash received from customers in part (a) is different from sales.Because the customers paid than the amount of sales for the period, cash received from customers sales made on account by $39,700 during the current year.
- The following information is available from the current period financial statements: Net income $116,183 Depreciation expense 22,347 Increase in accounts receivable 16,987 Decrease in accounts payable (18,309) The net cash flows from operating activities using the indirect method is a.$58,540 b.$173,826 c.$116,183 d.$103,234Cash Flows from Operating Activities-Direct Method The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $607,300 and accounts receivable decreased by $38,900 during the year, what was the amount of cash received from customers? b. If income tax expense for the current year was $57,900 and income tax payable decreased by $7,500 during the year, what was the amount of cash payments for income taxes? c. Briefly explain why the cash received from customers in part (a) is different from sales. Because the customers paid than the amount of sales for the period, cash received from customers sales made on account by $38,900 during the current year.The following information is available from the current period financial statements: Net income $106,740 Depreciation expense 37,256 Increase in accounts receivable 16,396 Decrease in accounts payable 24,416 The net cash flows from operating activities using the indirect method is Oa. $184,808 Ob. $77,504 Oc. $103,184 Od. $53,088
- Cash Flows from Operating Activities—Direct Method The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $753,500 and accounts receivable decreased by $48,400 during the year, what was the amount of cash received from customers?$ b. If income tax expense for the current year was $50,600 and income tax payable decreased by $5,500 during the year, what was the amount of cash payments for income taxes?The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $375,000 and accounts receivable increased by $29,000 during the year, what was the amount of cash received from customers?$fill in the blank 1 b. If income tax expense for the current year was $39,000 and income tax payable decreased by $21,000 during the year, what was the amount of cash payments for income tax?$fill in the blank 2Cash Flows from (Used for) Operating Activities-Direct Method The cash flows from (used for) operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $668,000 and accounts receivable decreased by $37,400 during the year, what was the amount of cash received from customers? b. If income tax expense for the current year was $54,900 and income tax payable decreased by $6,600 during the year, what was the amount of cash paid for income taxes? c. Briefly explain why the cash received from customers in part (a) is different from sales. Because the customers paid exceeded is less than than the amount of sales for the period, cash received from customers sales made on account by $37,400 during the current year. Previous Next >
- The following information is available from the current period financial statements: Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $121,189 39,129 24,264 24,712 The net cash flows from operating activities using the indirect method is a. $121,189 b. $81,612 c. $111,342 d. $209,294Each of the following is added to net income in computing net cash provided by operating activities except Select one: a. Amortization expense. b. An increase in accrued expenses payable. c. A decrease in inventory. d. A gain on sale of equipmentRogers Company reported net income of $44,587 for the year. During the year, accounts receivable increased by $7,982, accounts payable decreased by $2,757, and depreciation expense of $6,561 was recorded. Net cash provided by operating activities under the indirect method for the year is a.$44,587 b.$56,373 c.$61,887 d.$40,409