Question 4:XYZ Co. had the following information in 2020:Sales150000COGS80000Operating expenses (excluding depreciation)Interest expense320008000Taxes3000Increase in Accounts receivableDecrease in inventoryIncrease in ACcounts payableDecrease in other payables7000400050003500Increase in interest payableDecrease in tax payable20001000Prepare operating cash flows using direct method.

Cash flows from the business can be analyzed through activities like: Cash flows from operating…

Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in ACcounts payable Decrease in other payables 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.

Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in ACcounts payable Decrease in other payables 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.

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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11. In 2020, Windsor Corporation reported a net loss of $69,800. Windsor’s only net income adjustments were depreciation expense $81,700, and increase in accounts receivable $8,900.Compute Windsor’s net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash by operating activities $
What is the amount of Cash Flow Provided By (Used In) Operating Activities? (Round to the nearest 2 decimal places)
Question 4: XYZ Co. had the following information in 2020: Sales 150000 СOGS 80000 Operating expenses (excluding depreciation) Interest expense Таxes 32000 8000 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
Pronghorn Inc. Cash Flow Statement For the Year Ended on 31 December 2020 Cash Flow from Operating Activities: Net Income $47,200 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Add: Depreciation 9200 Changes in current operating assets and liabilities: Add: Increase in Accounts Payable 6480 Less: Increase in Accounts Receivable (4480) Net Cash Provided by Operating Activities (A) $58,400 Cash Flow from Investing Activities: Purchase of Equipment $(18,480) Net Cash Used by Investing Activities (B) $(18,480) Cash Flow from Financing Activities: Payment of Dividends $(27,680 ) Proceeds from Issuance of Common Stock 19,760 Net Cash Used by Financing Activities (C) $(7,920) Net Increase/Decrease in Cash (A+B+C) $32,000 Add Cash Balance on 1/1/2020 14480 Cash Balance on 31/12/2020 $46,480 I dont have the right spacing for this layout. what I have looks like this: Cash Flows…
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Тахes 3000 7000 Increase in Accounts receivable Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method. 22
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Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
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STATEMENT OF CASH FLOWS