F1 Company, a manufacturer, has provided the following information pertaining to its recent year of operation:...
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F1 Company, a manufacturer, has provided the following information pertaining to its recent year of operation: • Net income, $200,000 • Accounts receivable increased $18,000 • Prepaid insurance increased $7,000 • Depreciation expense was $25,000 • Loss on sale of a building was $22,000 • Wages payable increased $14,000 • Unearned revenue decreased $21,000 Using the indirect method, how much was F1's net cash provided by operating activities? F1 Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the following information pertaining to its recent year of operation: • Cash flow from operating activities, $136,000 • Accounts payable increased $11,000 • Prepaid assets decreased $8,000 • Depreciation expense was $12,000 • Accounts receivable increased $23,000 • Loss on sale of a depreciable asset was $6000 • Wages payable decreased $9,000 • Unearned revenue decreased $19,000 • Patent amortization expense was $3,000 How much was F1's net income? F1 Company, a manufacturer, has provided the following information pertaining to its recent year of operation: • Net income, $200,000 • Accounts receivable increased $18,000 • Prepaid insurance increased $7,000 • Depreciation expense was $25,000 • Loss on sale of a building was $22,000 • Wages payable increased $14,000 • Unearned revenue decreased $21,000 Using the indirect method, how much was F1's net cash provided by operating activities? F1 Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the following information pertaining to its recent year of operation: • Cash flow from operating activities, $136,000 • Accounts payable increased $11,000 • Prepaid assets decreased $8,000 • Depreciation expense was $12,000 • Accounts receivable increased $23,000 • Loss on sale of a depreciable asset was $6000 • Wages payable decreased $9,000 • Unearned revenue decreased $19,000 • Patent amortization expense was $3,000 How much was F1's net income?
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1 Net Income 200000 Adjustments to reconcile net earnings to net cash provide... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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