Question: Brief Exercise 5-13 Cash Flow Statement Ames Company reported 2014 net income of $151,000. During 2014, accounts receivable increased by $13,000 and accounts payable increased

Brief Exercise 5-13 Cash Flow Statement

Ames Company reported 2014 net income of $151,000. During 2014, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

Increase in Accounts Payable Decrease in Accounts Payable Depreciation Expense Increase in Accounts Receivable Decrease in Accounts Receivable Net Income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Boeing and Airbus are the world's only major producers of large, wide-bodied aircrafts. But with the cost of fuel increasing and changing demand in the airline industry, the need for smaller regional...

Accounting Exam - Part 3. There are 5 questions. Please help me as this is due by 10PM tonight U.S. Pacific Time. ===================================================================== Question 11...

RCES Crane Corporation's adjusted trial balance contained the following accounts at December 31, 2017: Retained Earnings $126,400, Common Stock $763,000, Bonds Payable $106,200, Paid-in Capital in...

Question 13 Flint Company reported 2017 net income of $151,700. During 2017, accounts receivable increased by $16,960 and accounts payable increased by $9,549. Depreciation expense was $40,700....

Sheffield Company reported 2017 net income of $152, 200. During 2017, accounts receivable increased by $13, 740 and accounts payable increased by $9, 502. Depreciation expense was $46,000. Prepare...

Ames Company reported 2014 net income of $153,450. During 2014, accounts receivable increased by $14,630and accounts payable increased by $9,880. Depreciation expense was $42,050. Prepare the cash...

Ames Company reported 2014 net income of $151,000. During 2014, accounts receivable increased by the $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the...

Delatorre Company, a retailer, recently finished its 2021 operations. Prepare the cash flow statement using the indirect method only. 1. Net income was $114,975 2. Accounts receivable increased...

Ames Company reported 2017 net income of $151,000. During 2017, accounts receivable increased by $13,000and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the cash...

this page shows what is required and the instructions wanted from the auto nation financial statement I provided thanks the image is very clear I took photos several times , my phone is very old and...

Find the derivative of the function. Simplify where possible. 41. y tan 42. y = Vtan-x 44. h(x) = VT- x arcsin x 46. y = tan-(x - VI +x) 43. y = sin-(2x + 1) 45. H(x) = (1 + x) arctan x 47. h(t)...

A cellphone retailer uses a large number of common batteries in one of its most popular lines of phones. After testing a large number of them, they found that the average time to failure is 1/l =7800...

1 . 1 Briefly describe the purpose of ISO 5 5 0 0 0 , ISO 5 5 0 0 1 , and ISO 5 5 0 0 2 .

Is the unemployment rate procyclical or countercyclical?

Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows:

At a certain instant after jumping from the airplane A, a skydiver B is in the position shown and has reached a terminal (constant) speed v B = 50 m/s. The airplane has the same constant speed v A =...

Use Stokes Theorem to evaluate C F dr. In each case C is oriented counterclockwise as viewed from above, unless otherwise stated. F(x, y, z) = x 2 y i + x 3 j + e z tan 1 z k, C is the curve with...

For the system in Fig. 11.26, compute the pressure at the inlet to the pump. The filter has a resistance coefficient of 1.85 based on the velocity head in the suction line. 4 ft Flow 20 GPM 4.0 ft...

Realiza un cuadro comparativo donde analices y expliques: Las diferencias y semejanzas entre los diferentes tipos de auditora incluyendo la auditoria adminstrativa

4. How much of a competitive advantage is software providing for automakers? Explain your answer.. As the smartphone market continues to expand, another industry has begun getting smarter with...

3. What value chain activities are involved in enhancing cars with software? As the smartphone market continues to expand, another industry has begun getting smarter with software and apps: the...

2. How are the automakers benefiting from software enhanced cars? How are customers benefiting? As the smartphone market continues to expand, another industry has begun getting smarter with software...