Refer to the information for New Vision Company in E12-9. Required: 1. Present the operating activities section
Question:
Refer to the information for New Vision Company in E12-9.
Required:
1. Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Other Accrued Liabilities relate to Other Expenses on the income statement.
2. Of the potential causes of differences between cash flow from operations and net income, which are the most important to financialanalysts?
Transcribed Image Text:
$66,000 Service Revenue Expenses Salaries $42,000 7,300 6,000 1,700 Depreciation Utilities Other Net Income Decrease in Accounts Receivable Bought a small service machine Increase in Salaries Payable Decrease in Other Accrued Liabilities 57,000 $9,000 $12,000 5,000 9,000 4,250
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (12 reviews)
Req 1 Cash flows from operating activities x direct method Cash co...View the full answer
Answered By
Aqib Parvej
I am teaching since my graduation time so I have teaching experience of about 5 years and in these years I learn to teach in the best and interesting way .
4.80+
20+ Reviews
41+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Question Posted:
Students also viewed these Managerial Accounting questions
-
Refer to the information for New Vision Company in E12-9. Statement of Cash Flows Method Cash Flows (and Related Changes) Direct Indirect 1. Net income 2. Receipts from customers 3. Accounts...
-
The operating activities section of the statement of cash flows for PepsiCo, Inc., owner of the Pepsi beverage brand, is shown as follows: a. Why are impairment and restructuring charges added to the...
-
The Investing Activities section of the statement of cash flows of Archer Daniels Midland Company (ADM), seller of agricultural commodities and products, follows. Based on the information given,...
-
Find the volumes of the solids generated by revolving the regions bounded by the lines and curves about the x-axis. The region between the curve and the x-axis from x = 1/4 to x = 4 y = 1/(2x)
-
According to the standard Heckscher-Ohlin model with two factors (capital and labor) and two goods, movement of Turkish migrants to Germany would decrease the amount of capital-intensive products...
-
Answer these questions about two companies. 1. Emerald Limited began the year with total liabilities of $165,000 and total shareholders' equity of $312,500. During the year, total assets increased by...
-
An overfill protection SIF has been designed with a level sensor, a safety PLC, and a final element assembly. The MT for the process unit is 15 years. The logic solver is programmed to shut down the...
-
Sonimad Sawmill Inc. (SSI) purchases logs from independent timber contractors and processes the logs into three types of lumber products: Studs for residential buildings (walls, ceilings). Decorative...
-
The plaintiff, WandaRer, is aCanadian and a self-described artist, photographer, and social media influencer. For almost a decade, Ms. Rer has traveled the world with her camera. Ms. Rer has her...
-
What are the products of this glycoside bond forming reaction OH D OH OH HO . OH OH OH OH OH H* (Catalyst) + H2O B E HO. - OH OH C F OH
-
To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which line items are reported on the statement of cash flows with eachmethod....
-
Refer back to the information given for E12-10, plus the following summarized income statement for Pizza International, Inc. (in millions): Revenues ...............$136,500 Cost of Sales...
-
Older Americans with a college education are significantly more likely to be emotionally well-off than are people in this age group with less education. Among those aged 65 and older, 35% scored 90...
-
Please write a two-page Formal Analysis (consider art elements and principles of design) on a film by any of these expertly directed film masters: Any of these 10 films considered the best directed...
-
From the top of a cliff, a person throws a stone straight downward. The initial speed of the stone just after leaving the person's hand is 9.4 m/s. (a) What is the acceleration (magnitude in m/s and...
-
2. Create the following html page using internal CSS with the same styles as described with green background page Header 3 is red verdana Header 4 is white calibri italic Header 3 is blue arial...
-
What can you do to improve your emotional intelligence skills? List three goals/strategies you can implement to improve your emotional intelligence skills. Do you think EQ predicts more career...
-
CollegePak Company produced and sold 73,000 backpacks during the year just ended at an average price of $33 per unit. Va manufacturing costs were $13.50 per unit, and variable marketing costs were...
-
A block slides down a smooth ramp, starting from rest at a height h. When it reaches the bottom it's moving at speed v. It then continues to slide up a second smooth ramp. At what height is its speed...
-
United Business Forms capital structure is as follows: Debt ............................................ 35% Preferred stock ........................... 15 Common equity .......................... 50...
-
In Activity 12.A, the balance on the deferred tax liability account is growing every year over the five-year period and, if tax conditions remain stable and annual investment continues to rise, then...
-
The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including the notes to its financial statements, is available at www.zetarplc.com. Visit Zetars...
-
Holding all other factors constant, indicate whether each of the following changes generally signals good or bad news about a company. (a) Increase in profit margin ratio. (b) Decrease in inventory...
-
Match each of the following terms with the phrase that best describes it. Quality of earnings........Pro forma income Current ratio ...........Discontinued operations Horizontal analysis...
-
Question: Part One: Memo Write an analysis of the impact of tax laws and incentives as demonstrated in this current years tax return. Specifically, you must address the following: Explain the...
-
From the following ledger balances, prepare a trial balance for the Cheyenne Corp. at June 3 0 , 2 0 2 2 . All account balances are normal.Accounts Payable $ 1 0 , 0 0 0 , Cash $ 7 , 4 0 0 , Common...
-
Kathy is mixing fruit punch in a 32-cup punch bowl for a party. She plans to add at least 20 cups of fruit juice to the bowl before adding ginger ale. Identify the graph that represents the amounts...
Study smarter with the SolutionInn App