Correct answer--- $ 269,000
.
working note
cash flow from operating activities = net income + depreciation
expense + decrease in accounts receivable- increases in inventory +
increase in accounts payable.
.
cash from operating activities = 175000 +85000+15000-24000+ 18000 =$269,000
Wildcat Company has an accrual basis net income of $175,000 and the following related items: Depreciation...
A firm's cash flows from investing activities include: A) Cash received from the sale of a plant asset B) Cash paid as dividends C) Cash received from the rendering of services to customers D) Cash paid to retire bonds payable 3. A firm's cash flow from financing activities includes: A) Cash paid to reacquire treasury stock B) Cash paid for merchandise purchased C) Cash received from sale of investment in bonds D) Cash received as interest income 4 Nacho Company...
Tucson Restaurant has an accrual basis net income of $189,000 and the following related items: Amortization expense $68,000 24,000 Accounts receivable increase Inventory increase 17,000 Interest payable decrease 8,000 Dividends paid 10,000 What is Tucson Restaurant's net cash flow from operating activities? $170,000 $306,000 $198,000 $208,000
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Net income
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Dividends paid
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Increase in accounts receivable
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Increase in accounts payable
8,170
Purchase of equipment (capital expenditure)
9,770
Depreciation expense
5,170
Issue of notes payable
24,180
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NASH BEVERAGE COMPANY
Statement of...
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$14,500 increase in accounts payable, and a $4,600 decrease in
prepaid expenses.
Prepare the operating activities section of the statement of cash
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