Homework Help Question & Answers

Apex Company prepared the statement of cash flows for the current year that is shown below:...

Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,300 $ 20,000 (61,100) (26,50

Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,300 $ 20,000 (61,100) (26,500) 9,200 54,000 (10,700) 4,700 (10,400) 29,900 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 14,200 (41,500) (120,700) (148,000) 88,400 39,700 (29,000) 99,100 (19,000) 27,700 8,700 $ Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow
0 0
Report
Answer #1

Computation of Free Cash flows Amount Amount 29900 Particulars Net cash provided by operating activities Capital expenditures

Know the answer?
Add Answer to:
Apex Company prepared the statement of cash flows for the current year that is shown below:...
Your Answer: Your Name: What's your source?
Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Apex Company prepared the statement of cash flows for the current year that is shown below:...

    Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,300 $ 20,300 (60,900) (25, 800) 10,900 54,200 (11,800) 4,700 (8,400) 31,900 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating...

  • Apex Company prepared the statement of cash flows for the current year that is shown below:...

    Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows—Indirect Method Operating activities: Net income $ 40,600 Adjustments to convert net income to cash basis: Depreciation $ 20,500 Increase in accounts receivable (60,100 ) Increase in inventory (26,300 ) Decrease in prepaid expenses 9,700 Increase in accounts payable 54,200 Decrease in accrued liabilities (11,600 ) Increase in income taxes payable 3,500 (10,100 ) Net cash provided by (used...

  • Apex Company prepared the statement of cash flows for the current year that is shown below:...

    Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows—Indirect Method Operating activities: Net income $ 41,500 Adjustments to convert net income to cash basis: Depreciation $ 21,300 Increase in accounts receivable (61,300 ) Increase in inventory (25,900 ) Decrease in prepaid expenses 9,600 Increase in accounts payable 53,300 Decrease in accrued liabilities (11,000 ) Increase in income taxes payable 4,600 (9,400 ) Net cash provided by (used...

  • Apex Company prepared the statement of cash flows for the current year that is shown below:...

    Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows—Indirect Method Operating activities: Net income $ 41,500 Adjustments to convert net income to cash basis: Depreciation $ 20,600 Increase in accounts receivable (60,200 ) Increase in inventory (26,000 ) Decrease in prepaid expenses 10,400 Increase in accounts payable 53,400 Decrease in accrued liabilities (10,600 ) Increase in income taxes payable 4,900 (7,500 ) Net cash provided by (used...

  • Apex Company prepared the statement of cash flows for the current year that is shown below...

    Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: s 40, 600 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable $ 21,700 (61,200) (25,100) 10,800 53,200 (11,600) 3,600 (8,600) Net cash provided by (used in) operating activities...

  • Apex Company prepared the statement of cash flows for the current year that is shown below:...

    Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing...

  • 3 Apex Company prepared the statement or casn Tiows for the current year that is snown...

    3 Apex Company prepared the statement or casn Tiows for the current year that is snown below: 2 points eBook Hint Print Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 40,000 Adjustments to convert net income to cash basis: Depreciation $ 22,000 Increase in accounts receivable (60.000) Increase in inventory (25,000) Decrease in prepaid expenses 9,000 Increase in accounts payable 55,000 Decrease in accrued liabilities (12,000) Increase in income taxes payable 5,000 16,000) Net cash provided...

  • Check my work Exercise 14-3 Calculating Free Cash Flow (LO14-3] Apex Company prepared the statement of...

    Check my work Exercise 14-3 Calculating Free Cash Flow (LO14-3] Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 $ 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income...

  • Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows...

    Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows from operating activities Net income $86,081 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets $13,277 13,861 (7,295) (3,210) 4,815 21,448 Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment 107,529 4,523 35,308) Net...

  • Cullumber Company issued the following statement of cash flows for 2020. Cullumber Company Statement of Cash...

    Cullumber Company issued the following statement of cash flows for 2020. Cullumber Company Statement of Cash Flows—Indirect Method For the Year Ended December 31, 2020 Cash flows from operating activities Net income $55,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $8,900 Loss on disposal of plant assets 8,300 Increase in inventory (4,700 ) Decrease in accounts receivable 3,000 Decrease in accounts payable (2,300 ) 13,200 Net cash provided by operating activities 68,200 Cash...

Free Homework App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.