Q#2. Keyser Beverage Company reported the following items in the most recent year. Net income.. 40000. Dividend paid.. 5000. Increase in account receivable. .10000. Increase in accounts payable . „7000. Purchase of equipment. „8000. Depreciation expense.. .4000. Issue of notes payable. ..20000. Requirement: Compute net cash provided by operating activities, the net change in cash during the year, and fresh cash flow. 3 Marks.

Q#2. Keyser Beverage Company reported the following items in the most recent year. Net income.. 40000. Dividend paid.. 5000. Increase in account receivable. .10000. Increase in accounts payable . „7000. Purchase of equipment. „8000. Depreciation expense.. .4000. Issue of notes payable. ..20000. Requirement: Compute net cash provided by operating activities, the net change in cash during the year, and fresh cash flow. 3 Marks.

Name: Q#2. Keyser Beverage Company reported the following items in the most
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Q#2. Keyser Beverage Company reported the following items in the most recent year.Net income.....40000.Dividend paid...5000.Increase in account receivable..10000.Increase in accounts payable .„7000.Purchase of equipment.„.8000.Depreciation expense..

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A company reported net income of $250,000. Beginning balances in Accounts Recelvable and Accounts Payable were $20,000 and $21,000 respectively. Ending balances in these accounts were $10,500 and $29,000, respectively. Assuming that all relevant information has been presented, what is the company's net cash flows from operating activities? Multiple Cholce $259,500. $232,500. $267,500. $250,000.
Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Income Statement: Current Year Revenue 4,742.00 Cost of Goods Sold 2,323.58 Gross Margin 2,418.42 SG&A 524.00 EBITDA 1,894.42 Depreciation Expense 504.00 EBIT 1,390.42 Interest Expense 164.20 EBT 1,226 Taxes 429.18 Net Income 797.04 Dividends 410 Addition to Retained Earnings 387.04 Balance Sheet: Assets Prior Year Current Year Cash 800 ???? Accounts Receivables 400 452.00 Inventory 300 358.00 Total Current Assets 1,500 ???? Net Fixed Assets 5,000 5,211.00 Total Asset 6,500 ???? Liabilities and Equity Prior Year Current Year Accounts Payable 300 320.00 Notes Payable 1,000 919.00 Total Current Liabilities 1,300 1,239.00 Long-Term Debt 2,000 2,365.00 Total Liabilities 3,300 ???? Common Stock and Paid-in Capital 2,200 2,200…
russell co reports sales revenue of 30000 and interest revenue of 5000. it comparative balance sheet show that accounts recievable decrease 4000 and interest recievable increased 1000 compute cash provided by operating activities using the direct method
Help me
Concord Corporation had the following transactions that took place during the year: I. Recorded credit sales of $3050 I. Collected $1830 from customers III. Recorded sales returns of $610 and credited the customer's account. What is the total effect of these transactions on free cash flow? Cannot be determined O Increase Decrease O No Effect
Windsor Beverage Company reported the following items in the most recent year. Net income $46, 800 Dividends paid 5, 740 Increase in accounts receivable 10, 120 Increase in accounts payable 7, 130 Purchase of equipment (capital expenditure) 8,880 Depreciation expense 4, 130 Issue of notes payable 23,040 Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis e.g. (15,000).)
min.4