Blue Company's net income last year was $35,000. Changes in selected balance sheet accounts for the year appear below:    Increases   (Decreases) Debit balances:   Accounts receivable $(7,000) Inventory 8,000 Prepaid expenses (6,000)     Credit balances:   Accumulated depreciation 10,000 Accounts payable 13,000 Accrued liabilities (5,000) Taxes payable 5,000 Based solely on this information, net cash flow from operating activities under the indirect method on the statement of cash flows would be:   a. $63,000.   b. $81,000.   c. $45,000.   d. $29,000.

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A: Indirect method: Under indirect method, net income is reported first, then non-cash expenses, losses…

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A: Cash flows from Operating activities : Net income $128,000 (+) Depreciation $31,200 (+)…

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A: Operating cash flow means the cash generated from regular business operations. It relates to the…

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A: Solution: Cash flow from operating activities represents cash flow from business operations such as…

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A: Prepare cash flows statement to calculate the ending cash balance. Working note:

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A: Statement of cash flows:Statement of cash flow is a financial statement that shows the cash and cash…

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A: general points -   decrease in assets must be added to operating expenses increase in assets must be…

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A: Operating cash flow means cash inflow or outflow from main operations of the company. It is…

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A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: Net income for the year was $45,500. Accounts receivable increased by $5,500, and accounts payable…

A: Cash flow from operations = Net income + Increase/Decrease in Current liabilities/assets -…

Q: Holy Company provided the following increase (decrease) in ledger account balances during the…

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

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A: The accrual basis of accounting is to record all transactions about the same accounting period…

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A: >Statement of Cash flows is one of the financial statements, and is prepared for a particular…

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A: Curwen Inc. reported net cash flow from operating activities of $145,700 on its statement of cash…

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A: Net cash used by Operating Activities = Net income +Adjustments of other activities + Decrease in…

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A: Increase and decrease in assets and liabilities affect the amount of shareholder's equity (or…

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A:

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A: Operating expense is a cost incurred by a company as a result of its regular activities.

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Q: Moira Co. reported the following for its most recent fiscal year: Net income P 200,000 Depreciation…

A: Answer -    Cash flow from operating activities (CFO) indicates the amount of money a company brings…