TC Hotel's net income for the year ended January 31, 2020 was $103, 000. Additional data for the year is provided below. Purchase of property and equipment $261,000 Depreciation of property and equipment $10,700 Dividends declared $60,000 Decrease in beverage inventory $27,000 Loss on sale of equipment $18,000 Issue of common shares $19,900 Calculate the net cash provided (used) by operating activities using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Increase or decrease in cash from operating activities SAnswer

TC Hotel's net income for the year ended January 31, 2020 was $103, 000. Additional data for the year is provided below. Purchase of property and equipment $261,000 Depreciation of property and equipment $10,700 Dividends declared $60,000 Decrease in beverage inventory $27,000 Loss on sale of equipment $18,000 Issue of common shares $19,900 Calculate the net cash provided (used) by operating activities using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Increase or decrease in cash from operating activities SAnswer

Name: TC Hotel's net income for the year ended January 31, 2020 was $103, 0
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Description: TC Hotel's net income for the year ended January 31, 2020 was $103, 000. Additional data for the year is provided below. Purchase of property and equipment $261,000Depreciation of property and equipment S10,700 Dividends declared $60,000 Decrease in

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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CQ Photography reported net income of $103,000 for 2022. Included in the income statement were depreciation expense of $6,500, patent amortization expense of $3,800, and a gain on disposal of plant assets of $4,000. CQ's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/22 $19,200 Net Income 8,400 12/31/21 Cash Flows from Operating Activities Calculate net cash provided by operating activities for CQ Photography using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) $27,000 CQ Photography Statement of Cash Flows For the Year Ended December 31, 2022 Adjustments to reconcile net income to 6,500 Net Cash Provided by Operating Activities $ 103000
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