Question 4:Sohar Co. had the following information in 2020:Sales180000COGS80000Operating expenses (including depreciation)Depreciation expenseInterest expense3200042009000Таxes4000Increase in Accounts receivableDecrease in inventoryIncrease in Accounts payableDecrease in other payablesIncrease in interest payableDecrease in tax payable700040005000450023002000Prepare operating cash flows using direct method.(Ctrl) -

Activities under the Cash flow statement are: Cash flow from operating activities Cash flow from…

Answered: Sohar Co. had the following information…

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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Prepare a statement of cash flows using the information provided below and amounts indicated on the attached template. CD Corporation has the following for 2020: Net Income $145,000 Depreciation was $4,250 Sold Equipment with a Cost of $32,000, Accumulated Depreciation $15,000 for $22,500 Cash. Sold Common Stock of $250,000 Paid a Dividend of $6,500 Balance Sheet Balances 2020 2019 Cash 882,500 425,000 Accounts Receivable 575,500 275,500 Merchandise Inventory 445,000 900,000 Prepaid Expenses 67,500 82,500 Equipment 68,000 100,000 Accumulated Depreciation – Building (29,250) (40,000) Accounts Payable 590,100 737,350 Wages Payable 65,000 40,000 Retained Earnings 254,150 115,650 Common Stock 1,100,000 850,000
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.
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable Decrease in inventory Increase in ACcounts payable Decrease in other payables 7000 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.
Construct a Statement of Cash Flows including: Net cash flows from operating activities. Net cash flows from investing activities. Net cash flows from financing activities. Net change in cash.
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
Gutierrez Company reported net income of $191,900 for 2020. Gutierrez also reported depreciation expense of $44,600 and a loss of $4,600 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $15,100 for the year, a $17,100 increase in accounts payable, and a $3,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020
Depreciation OMR 12000 Net Profit OMR 148000 The following accounts decreased during 2020: Accounts receivable OMR 20000 Inventory OMR18000 Rent payable OMR17000 Machinery OMR 25000 The following accounts increased during 2020: Notes receivable OMR 15000 Account payable OMR 18000 Bonds payable OMR 20000 What is the net cash flows from operating activities?
None
Prepare cash flows statement, use indirect method for operating cash flow. Question 4: XYZ Co. had the following information in 2020: Sales 150000 СOGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 3000 Increase in Accounts receivable Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 7000 4000 5000 3500 2000 1000
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.
KLM Co. had the following information in 2020: Issuance of common stock Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of long Term Assets Decrease in Accounts receivable 32000 15000 21000 55000 29000 24000 17000 Purchase of short term investment 12000 Increase of prepaid expenses Purchase of land 15000 50000 37800 Net Profit Depreciation Amortization 18500 9500 Prepare cash flows statement, use indirect method for operating cash flow.
STATEMENT OF CASH FLOWS

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