Question: The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for the year 2018. During the

The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for the year 2018.

During the year 2016, the working capital accounts were changed as follows: Decrease in accounts receivable: $45,000

Decrease in accounts payable: $36,600 Increase in inventory: $56,800

The depreciation expense was $66,000 for the year 2018.

Compute net cash provided (used) by operating activities using indirect method?

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 Finance Questions!

Q:

Selected comparative financial statement data for DFRT inc. Balance Sheet (En milliers de dollars) 2017 2018 Assets Assets CT -Cash 8 346 10 256 - Accounts Receivable 70456 76 548 - inventories...

Q:

Selected comparative financial statement data for DFRT inc. Balance Sheet (En milliers de dollars) Assets Assets CT -Cash - Accounts Receivable - inventories - Prepaid Insurance Total Assets CT...

Q:

Exercise 4: The following activities were performed by L&M corporation during the year 2018. Treasury stock purchased: $44,000 Accounts payable pald: $526,000 Note receivable collected: $35,000...

Q:

please provide a full page .. So i can see . Thank you Exercise 2: The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for the year 2018...

Q:

Accounts payable paid: $526,000 Note receivable collected: $35,000 Dividends paid: $186,000 Bonds payable issued: $356,000 Common stock issued: $125,000 Compute net cash provided/used by financing...

Q:

Q2. The Meta company uses indirect method for preparing its statement of cash flows. It reported a net income of Rs. 100,000 for the year 2016. During the year 2016, the working capital accounts were...

Q:

RegdNo. 323103129 Assignment No. 1 Course Code: EACC506 Registration Number: Instructions: a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be...

Q:

1 The Meta company uses indirect method for preparing its statement of cash flows. It reported a net income of $100,000 for the year 2016. During the year 2016, the working capital accounts were...

Q:

6 16 78.8% Machinery purchased: $143,000 Common stock issued: $126,000 Compute net cash provided/used by investing activities Exercise 4: The following activities were performed by L&M corporation...

Q:

Exercise 4 The Big and Fast company provides the following information about its activities in the year Treasury stock purchased: $25,000 Inventory purchased $220,000 Land sold: $70,000 Machinery...

Q:

1. What are some possible advantages of Net-Work Docs serving a global market? 2. How are the founders balancing pressures for global integration and local responsiveness? Istheir global strategy...

Q:

How can you determine the form of a piece of music?

Q:

Some bones allow the issue and company to retire the bond with cash or anytime. These balls are known as coupon, bond, debenture, bonds, convertible, bones, or callable bonds.

Q:

An effective vision. a . Provides a link between today and tomorrow. b . Serves to motivate and energize employees. c . Both a and b above. d . Provides a snapshot of the present

Q:

3. The authors of Random Acts of Kindness tell us that the little things we do for others can have big payoffs. These acts give us an outward focus that helps us move away from selfpreoccupation....

Q:

b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.

Q:

Define human resource management.