The income statement of Sweet Acacia Company is presented here. Sales revenue Cost of goods sold Sweet Acacia Company Income Statement For the Year Ended November 30, 2025 Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Custor gos Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income Additional information: 1. 2 $1,907,300 4,429,300 6,336,600 1,585,100 452,500 689,300 $1,907,300 4,429,300 6,336,600 1,585,100 452,500 4,751,500 2,864,200 1.141,800 $1,722,400 $7,615,700 4,751,500 Accounts receivable decreased $386,800 during the year, and inventory decreased $322,200. Prepaid expenses increased $149,000 during the year. 3. Accounts payable to suppliers of inventory decreased $343,300 during the year. 2,864,200
The income statement of Sweet Acacia Company is presented here. Sales revenue Cost of goods sold Sweet Acacia Company Income Statement For the Year Ended November 30, 2025 Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Custor gos Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income Additional information: 1. 2 $1,907,300 4,429,300 6,336,600 1,585,100 452,500 689,300 $1,907,300 4,429,300 6,336,600 1,585,100 452,500 4,751,500 2,864,200 1.141,800 $1,722,400 $7,615,700 4,751,500 Accounts receivable decreased $386,800 during the year, and inventory decreased $322,200. Prepaid expenses increased $149,000 during the year. 3. Accounts payable to suppliers of inventory decreased $343,300 during the year. 2,864,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The income statement of Sweet Acacia Company is presented here.
Sales revenue
Cost of goods sold
+
Sweet Acacia Company
Income Statement
For the Year Ended November 30, 2025
Beginning inventory
Purchases
Goods available for sale
Ending inventory
Total cost of goods sold
Gross profit
Operating expenses
Selling expenses
Cost of goo
Beginning inventory
Purchases
Goods available for sale
Ending inventory
Total cost of goods sold
Gross profit
Operating expenses
Selling expenses
Administrative expenses
Net income
Additional information:
2
3.
$1,907,300
4,429,300
6,336,600
1,585,100
452,500
689,300
$1,907,300
4,429,300
6,336,600
1,585,100
452,500
4,751,500
2,864,200
1,141,800
$1,722,400
$7,615,700
4,751,500
1. Accounts receivable decreased $386,800 during the year, and inventory decreased $322,200.
Prepaid expenses increased $149,000 during the year.
Accounts payable to suppliers of inventory decreased $343,300 during the year.
2,864,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2781b477-a13d-4959-ac03-8179b0539c9f%2Fb4b3b036-d127-42eb-b7c3-a28604a111c3%2Ftgpfyav_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The income statement of Sweet Acacia Company is presented here.
Sales revenue
Cost of goods sold
+
Sweet Acacia Company
Income Statement
For the Year Ended November 30, 2025
Beginning inventory
Purchases
Goods available for sale
Ending inventory
Total cost of goods sold
Gross profit
Operating expenses
Selling expenses
Cost of goo
Beginning inventory
Purchases
Goods available for sale
Ending inventory
Total cost of goods sold
Gross profit
Operating expenses
Selling expenses
Administrative expenses
Net income
Additional information:
2
3.
$1,907,300
4,429,300
6,336,600
1,585,100
452,500
689,300
$1,907,300
4,429,300
6,336,600
1,585,100
452,500
4,751,500
2,864,200
1,141,800
$1,722,400
$7,615,700
4,751,500
1. Accounts receivable decreased $386,800 during the year, and inventory decreased $322,200.
Prepaid expenses increased $149,000 during the year.
Accounts payable to suppliers of inventory decreased $343,300 during the year.
2,864,200
![3.
4.
5.
Accounts payable to suppliers of inventory decreased $343,300 during the year.
Accrued expenses payable decreased $100,700 during the year.
Administrative expenses include depreciation expense of $109,800.
Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2025, for Sweet Acacia
Company, 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).)
SWEET ACACIA COMPANY
Statement of Cash Flows (Partial)- Indirect Method
November 30, 2025
Cash Flows from Operating Activities
Adjustments to reconcile net income to
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Save for Later Last saved 5 days ago.
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Transcribed Image Text:3.
4.
5.
Accounts payable to suppliers of inventory decreased $343,300 during the year.
Accrued expenses payable decreased $100,700 during the year.
Administrative expenses include depreciation expense of $109,800.
Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2025, for Sweet Acacia
Company, 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).)
SWEET ACACIA COMPANY
Statement of Cash Flows (Partial)- Indirect Method
November 30, 2025
Cash Flows from Operating Activities
Adjustments to reconcile net income to
eTextbook and Media
#
:
+
:
Save for Later Last saved 5 days ago.
Attempts: 0 of 3 used Submit Answer
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