Question

A company had net income of $209000. Depreciation expense is $26500. During the year, Accounts Receivable...

A company had net income of $209000. Depreciation expense is $26500. During the year, Accounts Receivable and Inventory increased $16500 and $41500, respectively. Prepaid Expenses and Accounts Payable decreased $4500 and $5500, respectively. There was also a loss on the sale of equipment of $1500. How much cash was provided by operating activities?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company had net income of $321480. Depreciation expense is $29640. During the year, accounts receivable...
A company had net income of $321480. Depreciation expense is $29640. During the year, accounts receivable and inventory increased $17100 and $45600, respectively. Prepaid expenses and accounts payable decreased $2280 and $15960, respectively. There was also a loss on the sale of equipment of $19380. How much cash was provided by operating activities? a.$386460 b.274740. c.$362520. d.294120
A company had net income of $244,462. Depreciation expense is $21,276. During the year, Accounts Receivable...
A company had net income of $244,462. Depreciation expense is $21,276. During the year, Accounts Receivable and Inventory increased by $17,556 and $39,282, respectively. Prepaid Expenses and Accounts Payable decreased by $2,613 and $7,528, respectively. There was also a loss on the sale of equipment of $3,744. How much cash was provided by operating activities? Select the correct answer. $207,729 $252,671 $269,482 $200,241
A) Net income is $50,000. During the year, the company had $20,000 depreciation expense and a...
A) Net income is $50,000. During the year, the company had $20,000 depreciation expense and a gain on sale of assets of $15,027. In addition, accounts receivable increased $7000, supplies decreased $9000 and accounts payable increased $5,000. What is the net cash provided by operations under the indirect method? B) Net income is $50,000. During the year, accounts payable increased $7,000, inventory decreased $5000, and accounts receivable increased $27,000. What is the net cash provided by operations under the indirect...
Blue Spruce Corp.'s net income for the current year was $557000. Depreciation was $72000. Accounts receivable...
Blue Spruce Corp.'s net income for the current year was $557000. Depreciation was $72000. Accounts receivable and inventories decreased by $23000 and $37000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $19000. Equipment was sold at a gain of $9000. How much cash was provided by operating activities?
Sheridan Company reported net income of $67000 for the year. During the year, accounts receivable decreased...
Sheridan Company reported net income of $67000 for the year. During the year, accounts receivable decreased by $7900, accounts payable increased by $4500 and depreciation expense of $5200 was recorded. Net cash provided by operating activities for the year is $84600. $54600. $65200. $61800.
A company's income statement showed the following: net income, $128,000; depreciation expense, $37,000; and gain on...
A company's income statement showed the following: net income, $128,000; depreciation expense, $37,000; and gain on sale of plant assets, $11,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,800; merchandise inventory increased $25,000; prepaid expenses increased $7,600; accounts payable increased $4,800. Calculate the net cash provided or used by operating activities.
The net income reported on the income statement for the current year was $541000. Depreciation recorded...
The net income reported on the income statement for the current year was $541000. Depreciation recorded on plant assets was $81000. Accounts receivable and inventories increased by $42000 and $17000, respectively. Prepaid expenses and accounts payable decreased by $2000 and $34000, respectively. How much cash was provided by operating activities? 510000 531000 493000 713000
A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on...
A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. Select one: a. $155,000. b. $145,800. c. $141,000. d. $139,000. Please Solve As...
1. A company's income statement showed the following: net income, $117,000; depreciation expense, $31,500; and gain...
1. A company's income statement showed the following: net income, $117,000; depreciation expense, $31,500; and gain on sale of plant assets, $5,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,700; merchandise inventory increased $19,500; prepaid expenses increased $6,500; accounts payable increased $3,700. Calculate the net cash provided or used by operating activities. 2. Marlow Company purchased a point of sale system on January 1...
Consider the following: • Net income, $380,000 • Depreciation Expense $44,000 • Increase in accounts receivable,...
Consider the following: • Net income, $380,000 • Depreciation Expense $44,000 • Increase in accounts receivable, $16,000 • Decrease in merchandise inventory, $80,000 • Decrease in accounts payable, $32,000 • Increase in income taxes payable, $12,000 Using the Indirect Method, the Net Cash provided by Operating Activities was: Select one: A. $336,000 B. $468,000 C. $404,000 D. $424,000
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT