Using the following information, what is the firm's cash flow from operations? Net Income 170 Decrease in Accounts Receivable 25 Depreciation 50 Increase In Inventory 17 Decrease in Accounts Payable 10 Decrease in Wages Payable 16 Increase in Short Term Deferred Tax Liabilities 37 Gain from the sale of land 13 $226 $176 $152

Using the following information, what is the firm's cash flow from operations? Net Income 170 Decrease in Accounts Receivable 25 Depreciation 50 Increase In Inventory 17 Decrease in Accounts Payable 10 Decrease in Wages Payable 16 Increase in Short Term Deferred Tax Liabilities 37 Gain from the sale of land 13 $226 $176 $152

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