Listed below are all balance sheet accounts relevant to operating activities for three independent cases: ...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Listed below are all balance sheet accounts relevant to operating activities for three independent cases: Саве А Case B Сasе с Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) $313,000 $ 16,500 $423,000 43,000 106,000 (53,000) (53,000) 63,000 153,000 (203,000) (23,000) 38,000 123,000 (223,000) (43,000) 83,000 53,000 73,000 Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case B Case A Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Changes in Assets and Liabilities: Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by (Used in) Operating Activities 9. M12-6 (Algo) Computing Cash Flows from Investing Activities [LO 12-3] Based on the following information, compute cash flows from investing activities under GAAP. points Cash collections from customers Purchase of used equipment Depreciation expense Sale of investments $820 210 210 470 еВook Dividends received 120 210 Interest received Print Cash Flows from Investing Activities References Listed below are all balance sheet accounts relevant to operating activities for three independent cases: Саве А Case B Сasе с Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) $313,000 $ 16,500 $423,000 43,000 106,000 (53,000) (53,000) 63,000 153,000 (203,000) (23,000) 38,000 123,000 (223,000) (43,000) 83,000 53,000 73,000 Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case B Case A Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Changes in Assets and Liabilities: Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by (Used in) Operating Activities 9. M12-6 (Algo) Computing Cash Flows from Investing Activities [LO 12-3] Based on the following information, compute cash flows from investing activities under GAAP. points Cash collections from customers Purchase of used equipment Depreciation expense Sale of investments $820 210 210 470 еВook Dividends received 120 210 Interest received Print Cash Flows from Investing Activities References
Expert Answer:
Answer rating: 100% (QA)
Cash Flows from Operating activities Case A Case B Case C ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
Students also viewed these accounting questions
-
Listed below are all the steps in the accounting cycle. (a) Record and post adjusting entries. (b) Post the transaction to the T-account in the general ledger. (c) Record the transaction. (d) Prepare...
-
Listed below are all the steps in the accounting cycle. (a) Record and post closing entries. (b) Use source documents to identify accounts affected by external transactions. (c) Record the...
-
The three chemicals listed below are all very weak acids because they all have a difficult time losing a hydrogen ion, H + . Upon losing this hydrogen ion, the central atom of each of these molecules...
-
Multiple Choice 1. Which of the following concepts are pervasive in the application of generally accepted auditing standards, particularly the standards of field work and reporting? a. Internal...
-
Number the following steps for an ETL in the order in which the steps would be executed. a. Load data warehouse dimensional table b. Extract operational relational database table c. Choose...
-
The control memory in Fig. 7-2 has 4096 words of 24 bits each. a. How many bits are there in the control address register? b. How many bits are there in each of the four inputs shown going into the...
-
Consider an incoherent source radiating with spatial intensity distribution \(I(\xi, \eta)\). (a) Using the Van Cittert-Zernike theorem, show that the coherence area of the light (mean wavelength...
-
The following accounts were taken from the financial statements of Orville Company. ______ Interest revenue ______ Common stock ______ Utilities payable ______ Accumulated depreciationequipment...
-
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. [The real is Brazil's national monetary unit. On the day this exercise was written, the real was...
-
A player plays a roulette game in a casino by betting on a single number each time. Because the wheel has 38 numbers, the probability that the player will win in a single play is 1/38. Each play of...
-
1. Show the calculation of sales 2. Show the calculation of cost of goods sold (COGS) 3. How much material is purchased in the budget 4. What are total labour costs in the budget 5. What are total...
-
Particles A and B, each carrying a charge of \(2.0 \mathrm{nC}\), are at the base corners of an equilateral triangle \(2.0 \mathrm{~m}\) on a side. (a) What is the potential (relative to zero at...
-
An electron initially placed \(0.10 \mathrm{~m}\) to the right of a small charged sphere moves to the right with an inirial acceleration of \(4.0 \times 10^{7} \mathrm{~m} / \mathrm{s}^{2}\). What is...
-
Six particles, each carrying a charge of \(3.0 \mathrm{nC}\), are equally spaced along the equator of a sphere that has a radius of \(0.60 \mathrm{~m}\) and has its center at the origin of a...
-
A particle carrying charge \(+q\) is located on the \(x\) axis at \(x=+d\). A particle carrying charge \(-3 q\) is located on the \(x\) axis at \(x=-7 d\). (a) With zero potential at infinity, at...
-
A particle carrying charge \(+9.00 \mathrm{nC}\) is at the origin of a rectangular coordinate system. Taking the electrostatic potential to be zero at infinity, locate the equipotential surfaces at...
-
"Because policymakers cannot be trusted to do what they say, monetary policy should be set by rules that limit the discretion of policymakers. And because monetary policy works only with a long lag,...
-
d) For die casting processes: 1. What are the most common metals processed using die casting and discuss why other metals are not commonly die casted? 2. Which die casting machines usually have a...
-
What does it mean to close temporary accounts? Which of the following account types are closed: assets, liabilities, dividends, revenues, and expenses?
-
On January 1, 2015, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and...
-
The executives at Peach, Inc., are confused. The company reports a net loss of $200,000, and yet its net cash flow from operating activities increased $300,000 during the same period. Is this...
-
Fran frequently attends flea markets looking for good bargains. On a recent trip, she purchased a nightstand for \($25\) and an armoire for \($45.\) When she got them home and took a closer look, she...
-
Tanika passed away in the current year and her daughter, Shanika, received life insurance proceeds of \($500,000.\) Tanika had paid \($12,000\) in premiums on the life insurance policy to date....
-
Todd has received the following payments in the current year: How much must Todd include in his income? Unemployment compensation Food stamps $12,000 $ 1,500 Lottery winnings $ 1,000 Gambling...
Study smarter with the SolutionInn App