The following information is provided for the current year: Profit for the period P1,500; Depreciation expense 400; Increase in accounts receivable 300. There are no other reconciliation items. The cash from operating activities for the period is P2,000,000 P1,800,000 P1,200,000 P1,000,000
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- An analysis of the general ledger accounts indicates that delivery equipment, which cost P80,000 and on which accumulated depreciationtotaled 36,000 on the date of sale, was sold for P37,200 during the year. Using this information, indicate the items to be reported on thestatement of cash flowsIf Accounts receivable decrease by R.O.50,000 Income reported on the income statement for the year was R.O1,500,000. Excluding of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows isThe following information is available from the current period financial statements: Net income $106,740 Depreciation expense 37,256 Increase in accounts receivable 16,396 Decrease in accounts payable 24,416 The net cash flows from operating activities using the indirect method is Oa. $184,808 Ob. $77,504 Oc. $103,184 Od. $53,088
- The following information is available from the current period financial statements: Net income $112,044 Depreciation expense 22,976 Increase in accounts receivable 14,959 Decrease in accounts payable 16,749 The net cash flow from operating activities using the indirect method is:Use the appropriate information from the data provided below to calculate the net cash provided (used) by operating activities for the period. Net income Accounts receivable increase (for the period) Inventory decrease (for the period) Proceeds from the issuance of long-term debt Accounts payable decrease (for the period) Purchases of equipment Depreciation and amortization expense $ 113,000 24,000 19,000 260,000 11,000 175,000 42,000Smith Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5240000 O $5790640. O $4063360. O $6416640. O $5240000. 712640 151000 313000 Smith should report cash provided by operating activities of
- The following information is available from the current period financial statements: Net income $116,183 Depreciation expense 22,347 Increase in accounts receivable 16,987 Decrease in accounts payable (18,309) The net cash flows from operating activities using the indirect method is a.$58,540 b.$173,826 c.$116,183 d.$103,234The net income reported on the income statement for the current year was $255000. Depreciation was $39600. Account receivable and inventories decreased by $12300 and $35300, respectively. Prepaid expenses and accounts payable increased, respectively, by $1200 and $7600. How much cash was provided by operating activities? $305700 O $321100 $348600 O $3334002. Accounts receivable arising from trade transactions amounted to $62,000 and $78,000at the beginning and end of the year, respectively. Net income reported on the incomestatement for the year was $125,000. Exclusive of the effect of other adjustments, thecash flows from operating activities to be reported on the statement of cash flowsprepared by the indirect method are:a. $109,000b. $141,000c. $125,000d. $140,000
- Demers Inc. reported the following data: Net income $490,000 Depreciation expense 52,000 Gain on disposal of equipment 26,500 Decrease in accounts receivable 32,400 Decrease in accounts payable 12,350 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, and for any adjustments, if required.Consider the following cash flows: Year Cash Flow 07234 -$ 7,600 1 2,150 4,900 1,950 1,650 What is the payback period for the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Payback period yearsAccounts receivable from sales transactions were $45,582 at the beginning of the year and $68,677 at the end of the year. Net income reported on the income statement for the year was $142,695. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be a.$23,095 b.$119,600 c.$165,790 d.$142,695
