The following information is available for Felix Company:Net income $300Decrease in plant and equip.$40Depreciation expense $20 Increase in deferred tax asset$5Gain on sale of assets $35 Decrease in long-term debt$50Increase in inventoriesDecrease in accounts payable$15$25What is cash flow from operating activities for Felix Company?Select oneO A. $240O B. $70O C. $320O D. $250

Cash flow statement :— It is one of the financial statements that shows change in cash and cash…

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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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Use the following information to compute net financial cash flow for a firm: Net income for the year is $43,900 Account receivable increased by $10,420 Inventory increased by $1,875 Depreciation expense for the year is $8,000 Account payable decreased by $5,782 Other current liabilities increased by $3,500 Taxes payable decreased by $1,970 Old equipment with a book value of $2,200 was sold for $1,325 Old appliances were sold for $24,000 at a gain of $4,800 A new machine was purchased for $10,000 1,000 shares of common stock were issued at par value of $10 each and sold at pay (for $10 each) Declared and paid dividends of $5,000 Reimbursed $7,000 of an outstanding loan’s capital
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Calculate the operating cash flow for Initech. (Assume that depreciation is tax deductible.) Initech Corp. Income Statement ($000's) Revenue Cost of Goods Sold SG&A Depreciation Expense. EBIT Interest Expense Income Before Taxes Taxes Net Income: $100,000 64,798 16,202 4,739 14,260 7,230 7,030 2,108 $4,922
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Net Cash Flow from Operating Activities The following are accounting items taken from Tyrone Shoelaces Company's records: E5-9 LO 5.9 Net income, $22,900 b. Payment for purchase of land, $4,000 Payment for retirement of bonds, $6,000 d. Depreciation expense, $7,800 e. Receipt from issuance of common stock, $7,000 Patent amortization expense, $2,700 g. Increase in accounts receivable, $3,400 h. Payment of dividends, $5,000 Decrease in accounts payable, $2,600 a. f. C. i. Required: Prepare the operating activities section of Tyrone's statement of cash flows using the indirect method.
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= Listen Industrial Incorporated has the following account balances: COGS = 4,800; Depreciation = 600; Interest = 300; rent = 1,200; Salaries= 3,600; Sales = 12,000, Taxes = 420. Industrial Incorporated's Operating Cash Flow is_ $1,980 $1,450 $1,800 $1,680 O $1,080

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