PB6. LO 16.3 Use the following excerpts from Kayak Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. 2018 Income Statement Balance Sheets Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Loss on Sale of Plant Assets $ 777,000 (555,000) (22,000) (44,000) (11,000) Net Income 145,000 Dec. 31, 2018 $63,300 2,400 35,000 2,100 Accounts Receivable Inventory Accounts Payable Accrued Liabilities Dec. 31, 2017 $63,000 2,800 37,400 2,650 Accounts Receivable Inventory Accounts Payable Accrued Liabilities

PB6. LO 16.3 Use the following excerpts from Kayak Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. 2018 Income Statement Balance Sheets Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Loss on Sale of Plant Assets $ 777,000 (555,000) (22,000) (44,000) (11,000) Net Income 145,000 Dec. 31, 2018 $63,300 2,400 35,000 2,100 Accounts Receivable Inventory Accounts Payable Accrued Liabilities Dec. 31, 2017 $63,000 2,800 37,400 2,650 Accounts Receivable Inventory Accounts Payable Accrued Liabilities

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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Refer to information for Stewart Company in E21-11. Based only on the information presented and using the direct method, prepare the cash flows from operating activities section of the 2019 statement of cash flows for Stewart using the spreadsheet method.
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Construct a Statement of Cash Flows including: Net cash flows from operating activities. Net cash flows from investing activities. Net cash flows from financing activities. Net change in cash.
↓ The following table shows the projected free cash flows of an acquisition target. The potential acquirer wants to estimate its maximum acquisition price at an 8 percent discount rate and a terminal value in year 5 based on the perpetual growth equation with a 4 percent perpetual growth rate. Year Free cash flow 1 -950 2 3 -475 0 4 290 a. Estimate the target's maximum acquisition price. Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount. > Answer is complete but not entirely correct. Maximum acquisition price $ 8,640 x 5 880 b. Estimate the target's maximum acquisition price when the discount rate is 7 percent and the perpetual growth rate is 5 percent. Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount. X Answer is complete but not entirely correct. Maximum acquisition price $ 46,921 X
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