Homework Answers
Answer- The cash was provided by operating activities = $1182000 (Option a).
Explanation- Net cash provided by operating activities = Net income+ Depreciation+ Accounts receivable decreased+ Inventories decreased- Prepaid expenses increased+ Accounts payable increased
= $545000+$140000+$112000+$315000-$11000+$81000
= $1182000.
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20) for the current year was $545,000. $140,000. Account receivable and inventories decreased by $112,000 and $315,...
The net income reported on the income statement for the current year was $545,000. Depreciation was $140,000. Accou...
The net income reported on the income statement for the current year was $545,000. Depreciation was $140,000. Account receivable and inventories decreased by $112,000 and $315,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $11,000 and $81,000. How much cash was provided by operating activities? a. $1,182,000 b. $1,204,000 C. $1,316,000 d. $1,311,000
The net income reported on the income statement for the current year was $242000. Depreciation was...
The net income reported on the income statement for the current year was $242000. Depreciation was $39600. Account receivable and inventories decreased by $12300 and $34900, respectively. Prepaid expenses and accounts payable increased, respectively, by $1200 and $8300. How much cash was provided by operating activities? $307000 $319300 $292700 $335900
19) for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by...
19) for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by $14,000 and depreciation expense of $15,000 was recorded. Net cash provided by operating activities for the year is $243,000. b. $213,000. $215,000, $255,000. Tyler Company reported net income of $260,000 а. с. d.
1-3-4 The net income reported on the income statement for the current year was $206000. Depreciation...
1-3-4 The net income reported on the income statement for the current year was $206000. Depreciation was $45000. Accounts receivable and inventories decreased by $4000 and $13000, respectively. Prepaid expenses and accounts payable increased, respectively, by $400 and $12000. Investments were sold at a loss of $20700. How much cash was provided by operating activities? $273400. $300300. $222400. $264400
Multiple Choice Question 129 The net income reported on the income statement for the current year...
Multiple Choice Question 129 The net income reported on the income statement for the current year was $561000. Depreciation recorded on plant assets was $84000. Accounts receivable and inventories increased by $44000 and $18000, respectively. Prepaid expenses and accounts payable decreased by $2000 and $35000, respectively. How much cash was provided by operating activities? O $550000. $510000 O $740000 O $528000
Current Attempt in Progress The net income reported on the income statement for the current year...
Current Attempt in Progress The net income reported on the income statement for the current year was $224000. Depreciation recorded on plant assets was $35300. Accounts receivable and inventories increased by $2500 and $7800, respectively. Prepaid expenses and accounts payable decreased by $1700 and $12200 respectively. How much cash was provided by operating activities? O $238500 O $224000 $259300 $204000 Savetor La Attempts: 0 of 1 used Submit Answer
1-3-1 The net income reported on the income statement of Kingbird, Inc. for the current year...
1-3-1 The net income reported on the income statement of Kingbird, Inc. for the current year was $1550000. Depreciation recorded on plant assets was $293000. Accounts receivable and inventories increased by $82000 and $55000, respectively. Prepaid expenses and accounts payable decreased by $7000 and $75000, respectively. How much cash was provided by operating activities during the year? $1573000. $1638000. $1710000. $2048000.
1-3-3 Marigold Corp.'s net income for the current year was $374000. Depreciation was $48000. Accounts receivable...
1-3-3 Marigold Corp.'s net income for the current year was $374000. Depreciation was $48000. Accounts receivable and inventories decreased by $16000 and $25000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $12000. Equipment was sold at a gain of $7200. How much cash was provided by operating activities? $465800. $371000. $417000. $449000.
Amount Descriptions Decrease in accounts payable Decrease in accounts receivable Decrease in inventories Decrease in prepaid...
Amount Descriptions
Decrease in accounts payable
Decrease in accounts receivable
Decrease in inventories
Decrease in prepaid expenses
Decrease in salaries payable
Depreciation
Increase in accounts payable
Increase in accounts receivable
Increase in inventories
Increase in prepaid expenses
Increase in salaries payable
Net cash flow from operating activities
Net cash flow used for operating activities
Net income
Net loss
The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amount...
A company had net income of $270,570. Depreciation expense is $28,043. During the year, Accounts Receivable...
A company had net income of $270,570. Depreciation expense is $28,043. During the year, Accounts Receivable and Inventory increased by $14,911 and $25,253, respectively. Prepaid Expenses and Accounts Payable decreased by $2,897 and $7,801, respectively. There was also a loss on the sale of equipment of $7,725. How much cash was provided by operating activities?
The net income reported on the income statement for the current year was $545,000. Depreciation was $140,000. Account receivable and inventories decreased by $112,000 and $315,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $11,000 and $81,000. How much cash was provided by operating activities? a. $1,182,000 b. $1,204,000 C. $1,316,000 d. $1,311,000
19) for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by $14,000 and depreciation expense of $15,000 was recorded. Net cash provided by operating activities for the year is $243,000. b. $213,000. $215,000, $255,000. Tyler Company reported net income of $260,000 а. с. d.
Multiple Choice Question 129 The net income reported on the income statement for the current year was $561000. Depreciation recorded on plant assets was $84000. Accounts receivable and inventories increased by $44000 and $18000, respectively. Prepaid expenses and accounts payable decreased by $2000 and $35000, respectively. How much cash was provided by operating activities? O $550000. $510000 O $740000 O $528000
Current Attempt in Progress The net income reported on the income statement for the current year was $224000. Depreciation recorded on plant assets was $35300. Accounts receivable and inventories increased by $2500 and $7800, respectively. Prepaid expenses and accounts payable decreased by $1700 and $12200 respectively. How much cash was provided by operating activities? O $238500 O $224000 $259300 $204000 Savetor La Attempts: 0 of 1 used Submit Answer
Amount Descriptions
Decrease in accounts payable
Decrease in accounts receivable
Decrease in inventories
Decrease in prepaid expenses
Decrease in salaries payable
Depreciation
Increase in accounts payable
Increase in accounts receivable
Increase in inventories
Increase in prepaid expenses
Increase in salaries payable
Net cash flow from operating activities
Net cash flow used for operating activities
Net income
Net loss
The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amount...
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