Sigh Corporation has the ff information for year 2010: Increase in current assets other than cash Unrealized gain on FVOCI equity investments Depreciation and amortization USD 300,000 41,000 343,000 Treasury stock acquired for cash 108,000 605,000 Carrying value of long-term debt retired Cash paid to settle long-term debt Cash dividends paid 587,000 167,000 Equipment acquired for cash 276,000 Additional information: The net income of Sigh Corp for 2010 amounted to USD 1,780, 000. The current liabilities also increased by USD 129,000. Determine the net cash flow provided/used from operating activities for the year ended in 2010. Show solution and explanation.
Sigh Corporation has the ff information for year 2010: Increase in current assets other than cash Unrealized gain on FVOCI equity investments Depreciation and amortization USD 300,000 41,000 343,000 Treasury stock acquired for cash 108,000 605,000 Carrying value of long-term debt retired Cash paid to settle long-term debt Cash dividends paid 587,000 167,000 Equipment acquired for cash 276,000 Additional information: The net income of Sigh Corp for 2010 amounted to USD 1,780, 000. The current liabilities also increased by USD 129,000. Determine the net cash flow provided/used from operating activities for the year ended in 2010. Show solution and explanation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Show solution and explanation.
Transcribed Image Text:Sigh Corporation has the ff information for year 2010:
USD 300,000
Increase in current assets other than cash
Unrealized gain on FVOCI equity investments
Depreciation and amortization
41,000
343,000
Treasury stock acquired for cash
108,000
605,000
Carrying value of long-term debt retired
Cash paid to settle long-term debt
Cash dividends paid
587,000
167,000
Equipment acquired for cash
276,000
Additional information: The net income of Sigh Corp for 2010 amounted to USD 1, 780, 000. The current liabilities also
increased by USD 129, 000.
Determine the net cash flow provided/used from operating activities for the year ended in 2010. Show solution and
explanation.
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