Please prepare a cash flow sheet. I previously asked this question and it was answered but the commas were incorrect and I did not know how you came to the numbers you provided for example depraciation. Shouldn't it be 500,00? Auto Zoom119As of Year-End($ thousands)20202019Liabilities & Shareholders' EquityAccounts payable$ 890,000$ 850,000Short-term bank debt190,000Total liabilities...1,080,000850,000Shareholders' equityCommon stock, $10 par valueAdditional paid-in-capital.Retained earnings...$ 775,000380,000870,000$ 675,000300,000415,000Total shareholders' equity2,025,0001,390,000Total liabilities & shareholders' equity$3,105,000$2,240,000LINCOLN CORPORATIONConsolidated Income StatementFor Year Ended($ thousands)20202019$1,448,000513,000$1,200,000420,000Revenues .Less: Cost of goods soldGross margin ...Less: Selling, general & administrative expenses935,000150,000780,000120,000Operating income..Gain on sale of investments.785,00070,000660,000Net income before taxes. .855,00050,000660,00011,000Less: Income taxes. .Net income after taxes$ 805,000$ 649,000The footnotes to the Lincoln Corporation's financial statements revealed the following additional information:1. Property and equipment costing $450 million was sold for its book value of $200 million.2. Long-term investments were sold for $150 million, which included a gain of $70 million.RequiredUsing the above financial data for the Lincoln Corporation, prepare the firm's statement of cash flow for2020 using the indirect method. What does the company's statement of cash flow reveal about the business'sfinancial health? PROBLEMSTA 1, 2Р3.22Statement of Cash Flow.Presented below are the financial statements for the Lincoln Corporation, as ofyear-end 2020 and 2019.omewoMBCLINCOLN CORPORATIONConsolidated Balance SheetsAs of Year-End($ thousands)20202019AssetsCurrentCash.2$23,000200,000590,000587,0002$90,000Marketable securitiesAccounts receivable (net) .Inventory..440,000615,000Total current assets1,400,0001,145,000NoncurrentLong-term investments310,000390,000Property & equipment..Less: Accumulated depreciation.1,800,000(500,000)1,100,000(500,000)Property & equipment (net).1,300,000600,000Intangibles (net)95,000105,000Total noncurrent assets1,705,0001,095,000Total assets$3,105,000$2,240,000continued

Please prepare a cash flow sheet. I previously asked this question and it was answered but the commas were incorrect and I did not know how you came to the numbers you provided for example depraciation. Shouldn't it be 500,00?

Please prepare a cash flow sheet. I previously asked this question and it was answered but the commas were incorrect and I did not know how you came to the numbers you provided for example depraciation. Shouldn't it be 500,00?

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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Below you can find the problem I need you to solve. As you will notice is similar to the one I sent you before. The only difference is the in this case the WACC must be used to calculate the present value for the previously calculated cash flows. Please use Excel to make all the calculations so I can check what you did and the process. If you could finish this by the 15 it would be great because I can correct this and send the approval to the Registrar before leaving on the 16th. Feel free to contact me if you have any questions or problems when solving it. PROBLEM Your company is contemplating replacing their current fleet of delivery vehicles with Nissan NV vans. You will be replacing 5 fully depreciated vans, which you think you can sell for $4,100 each and which you could probably use for another 2 years if you chose not to replace them. The NV vans will cost $40,000 each in the configuration you want them and can be depreciated using MACRS over a 5-year life, but you are unable to…
What is the difference between the Income Statement and the Cash Flow Statement? There is no difference. They both show cash coming in and out of the firm. The Income Statement is for a single point in time and the Cash Flow Statement covers a specific period of time The Income Statement shows accrual basis Net Income and the Cash Flow Statement shows why the cash balance on the Balance Sheet changed between two Balance Sheet dates. All of the above None of the above
Hi, 1) write up is not so clear!!, I'm unable to distinguish between number 2 & 3 plus some wording is not clear. ( it will be better if the solution was written by computer) 2) The answer is very complecated ....where You added the Income Tax Expense and Intrest Expense .. and then you substracted agian in different cash movments where i really got confused ..
please do not provide solution in image format and also do not provide plagarised solution and AI based other wise i dislike."Please Provide explanation of formula".
Is it possible to have “record net income” for a quarter and negative cash flows at the same time? Be specific in your response as to how you would, or would not, be able to see this in the financial statements.
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I know in order to find the cash flow from operating activities using the indirect method you start with the net income then add your depreciation expense and your loss on disposal equipment. Then you subtract increases in account receivable and decrease in account receivable and that gives you your net income. However, when I compute this it says all my answers are incorrect. I thought I was doing this correctly but clearly I need assistance.
E47.
Please help to answer the questions pictured in the attached images (cash at beginning and end of year are also required, it wouldn't fit in the two allowed images):
Please don't give image format and no chatgpt answer
There are three sections of the cash flow statement (operating, investing, and financing). In your opinion, discuss which section is the most important and reasons the cash flow statement is different from the cash basis. Defend your position. As an extension of this conversation, discuss ways that the cash flow statement could be manipulated.