The following are various cash flows and other information for Smyczek Company: a. Payments of interest, $9,300 b. Receipt from sale of land, $7,900 c. Interest collected, $10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. Collections from customers, $103,600 g. Payments of income taxes, $15,600 h. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, $68,500 j. Increase in inventories, $4,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows. SMYCZEK COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, Current Year Operating Activities: Cash Inflows: Cash Outflows:

The following are various cash flows and other information for Smyczek Company: a. Payments of interest, $9,300 b. Receipt from sale of land, $7,900 c. Interest collected, $10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. Collections from customers, $103,600 g. Payments of income taxes, $15,600 h. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, $68,500 j. Increase in inventories, $4,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows. SMYCZEK COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, Current Year Operating Activities: Cash Inflows: Cash Outflows:

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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A company reported net income of $250,000. Beginning balances in Accounts Recelvable and Accounts Payable were $20,000 and $21,000 respectively. Ending balances in these accounts were $10,500 and $29,000, respectively. Assuming that all relevant information has been presented, what is the company's net cash flows from operating activities? Multiple Cholce $259,500. $232,500. $267,500. $250,000.
What is the net cash from operating activities?
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