In the second quarter of 2023 Bertelsmann USA Publishing had Net Income of 39.1 million and...

Transcribed Image Text:

In the second quarter of 2023 Bertelsmann USA Publishing had Net Income of 39.1 million and Depreciation Charges of 14.7 million. During the quarter, the firm's total dividends were 9.7 million and the firm acquired new fixed assets worth 59.1 million. None of the firm's current assets changed during the quarter, except for Inventory which increased by 8.2 million. On the firm's 2nd quarter Statement of Cash Flows, what would be the entry for Cash Flows From Operating Activities? (Hint: Indirect Method) Report your answer in millions of dollars rounded to one decimal place. (You do not need to enter a $ sign.) Answer: In the second quarter of 2023 Bertelsmann USA Publishing had Net Income of 39.1 million and Depreciation Charges of 14.7 million. During the quarter, the firm's total dividends were 9.7 million and the firm acquired new fixed assets worth 59.1 million. None of the firm's current assets changed during the quarter, except for Inventory which increased by 8.2 million. On the firm's 2nd quarter Statement of Cash Flows, what would be the entry for Cash Flows From Operating Activities? (Hint: Indirect Method) Report your answer in millions of dollars rounded to one decimal place. (You do not need to enter a $ sign.) Answer:

Answer rating: 100% (QA)

Answer To calculate the Cash Flows From Operating Activities using the ... View the full answer