Please provide problem with accounting question Thompson Manufacturing reported depreciation this year of $320,000. Thecompany has fixed assets of $1,450,000 at the year-end. At the last year-end,the company reported fixed assets of $1,900,000. Calculate the cash flow frominvesting activities.A. $0B. -$550,000C. $550,000D. -$130,000E. $130,000

Step 1: Definition of Cash Flow from Investing ActivitiesCash Flow from Investing Activities: This…

Answered: Thompson Manufacturing reported…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

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Estimate the average total estimated useful life of depreciable property, plant, and equipment. Starbucks reports 580.6 million of depreciation and amortization in the statement of cash flows, of which 4.5 million relates to amortization of limited-life intangible assets. Does the estimate reconcile with stated accounting policy on useful lives for property, plant, and equipment? Explain.
Kraco Corporation reported net income of $450,000, including the effects of depreciation expense of $60,000, and amortization expense on a patent of $10,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities using the indirect method was: O a. $520,000 O b. $470,000 OC. $440,000 O d. $570,000
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Please give me answer accounting..disturbed inc had....
During the year, Pharr Corporation had sales of $459,000. Costs were $388,000 and depreciation expense was $102,800. In addition, the company had an interest expense of $79.250 and a tax rate of 21 percent. What is the operating cash flow for the year? Ignore any tax loss carry-forward provisions. Multiple Choice $72,733 $77,768 O $15,071
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What was the company's opereting cash flow? Given answer

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