A Changes in current operating assets and liabilities—indirect methodAlpenrose Corporation’s comparative balance sheet for current assets...
A Changes in current operating assets and liabilities—indirect method
Alpenrose Corporation’s comparative balance sheet for current assets and liabilities was as follows:
Adjust net income of $207,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
B Changes in current operating assets and liabilities—indirect method
Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows:
Adjust net income of $160,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Homework Answers
A. Changes in current operating assets and liabilities – indirect method
Changes in current operating assets and liabilities are to be adjusted to net income to arrive net cash flows from operating activities.
Changes in current operating assets and liabilities are added or deducted as follows.
Increases in current operating assets are deducted
Increases in current operating liabilities are added
Decreases in current operating assets are added
Decreases in current operating liabilities are deducted.
| Net income | $207,000 |
| Adjustments to reconcile net income to net cash flow from operating activities |
|
| Changes in current operating assets and liabilities
|
|
| Decrease in accounts receivable | $5,400 |
| Increase in inventory | ($2,520) |
| Increase in accounts payable | $1,980 |
| Net cash flow from operating activities | $211,860 |
Note: The change in dividends payable impacts the cash paid for dividends, which is disclosed under financing activities.
B. Changes in current operating assets and liabilities – indirect method
Changes in current operating assets and liabilities are to be adjusted to net income to arrive net cash flows from operating activities.
Changes in current operating assets and liabilities are added or deducted as follows.
Increases in current operating assets are deducted
Increases in current operating liabilities are added
Decreases in current operating assets are added
Decreases in current operating liabilities are deducted.
| Net income | $160,000 |
| Adjustments to reconcile net income to net cash flow from operating activities |
|
| Changes in current operating assets and liabilities |
|
| Increase in accounts receivable | ($3,600) |
| Increase in inventory | ($5,100) |
| Increase in accounts payable | $6,900 |
| Net cash flow from operating activities | $158,200 |
Note: The change in dividends payable impacts the cash paid for dividends, which is disclosed under financing activities.
Add Answer to:
A Changes in current operating assets and liabilities—indirect methodAlpenrose Corporation’s comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y 1 Accounts recevable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6 100 Adjust net income of s75,800 for changes in operating assets and liabilities to arrive at net cash fio from bperating activities
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,700 $16,800 Inventory 56,900 66,200 Accounts payable 20,100 23,300 Dividends payable 28,000 26,000 Adjust net income of $116,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for...
Changes in Current Operating Assets and Liabilities—Indirect Method Huluduey Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,000 $14,400 Inventory 34,800 29,700 Accounts payable 27,600 20,700 Dividends payable 8,400 10,800 Adjust net income of $160,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ Feedback Once you have calculated the changes in the current operating assets and liabilities...
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $18,500 $18,300 Inventory 56,500 57,200 Accounts payable 11,400 10,400 Dividends payable 18,000 17,000 Adjust net income of $78,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $18,500 $18,300 Inventory 56,500 57,200 Accounts payable 11,400 10,400 Dividends payable 18,000 17,000 Adjust net income of $78,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,100 $17,500 Inventory 52,400 60,900 Accounts payable 25,500 22,200 Dividends payable 23,000 21,000 Adjust net income of $96,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,600 $17,300 Inventory 52,400 53,100 Accounts payable 10,700 9,000 Dividends payable 16,000 15,000 Adjust net income of $70,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Feedback
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,700 $23,400 Inventory 66,600 58,400 Accounts payable 19,100 16,300 Dividends payable 19,000 20,000 Adjust net income of $92,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Victor Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $15,000 $12,600 Inventory 58,400 68,700 Accounts payable 12,900 16,100 Dividends payable 21,000 20,000 Adjust net income of $88,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $23,900 $27,800 Inventory 73,500 66,200 Accounts payable 22,600 19,800 Dividends payable 22,000 23,000 Adjust net income of $106,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y 1 Accounts recevable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6 100 Adjust net income of s75,800 for changes in operating assets and liabilities to arrive at net cash fio from bperating activities
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,700 $16,800 Inventory 56,900 66,200 Accounts payable 20,100 23,300 Dividends payable 28,000 26,000 Adjust net income of $116,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for...
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,600 $17,300 Inventory 52,400 53,100 Accounts payable 10,700 9,000 Dividends payable 16,000 15,000 Adjust net income of $70,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Feedback
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