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- Provide correct answerJenson Ltd. recently reported a net income of $5,320 and depreciation of $970. How much was its net cash flow, assuming it had no amortization expense and sold none of its fixed assets?JBS Inc. recently reported net income of $4,650 and depreciation of $855. How much was its net cash flow, assuming it had no amortization expense and sold none of its fixed assets? Group of answer choices $5,786.75 $5,223.25 $5,505.00 $4,955.59 $4,701.31
- Solve this financial accounting problemKendall Corners Inc. recently reported net income of $2.9 million and depreciation of $700,000. What was its net cash flow? Assume it had no amortization expense. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round you answer to the nearest dollar.What was it's charge for depreciation and amortization of this financial accounting question?
- G company has an increase in its net fixed assets of $800. Depreciation = $140. How much did the company spend on net fixed assets? A source or use of cash? $800, source $800, use $940, source $940, useUsing the Exhibit below, assume that the depreciation expense on the Income Statement for the year was $38,000. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of depreciation expense on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on disposal of assets (XXX) Changes in current operating assets and liabilities:…What was its charge for depreciation and amortization of this financial accounting question?

