Broussard Company reported net income of $3.5 million in 2020. Depreciation for the year was $520,000, accounts receivable increased $500,000, and accounts payable increased $300,000. Compute net cash flow from operating activities using the indirect method.

Q: Martinez Corporation had the following 2020 income statement. Sales revenue   $213,000 Cost of…

A: Introduction: Statement of cash flows: All cash in and out flows are shown in statement of cash…

Q: Assume that during 2020, Cypress Semiconductor Corporation reported net cash provided by operating…

A: Free cash flow:Free cash flow describes the net cash provided from operating activities after making…

Q: During 2020, Diaz Corporation had net income of $41,000. Included on its income statement were…

A: Cash flow from operating activities is the amount of cash generated with the regular operating…

Q: Suppose Siam Traders has the following results related to cash flows for 2019: Net Income of…

A: Net cash flows = Cash flow from operating activities + cash flows from investment activities  + cash…

Q: Blossom Company reported net income of $192,700 for 2022. Blossom also reported depreciation expense…

A: The cash flow statement is an essential part of the financial statements of the organization. It is…

Q: 2019. It älšo Zen Corp in the business of wires and it has reported net income of RM225,000 reported…

A: The cash from operations means the cash provided by the operational activities of the company.…

Q: Jubilant Ind has reported net income of P176,600 for 2019. It also reported depreciation expense of…

A: Operating activities forms part of cash flow statements and it forms all the activities related with…

Q: Maverick Ind was manufacturing bottles and it has reported net income of P425,000 for 2019. It also…

A: Cash flow statement forms part of financial statements. It was used to find the cash earned and…

Q: The following is a list of items for K Company's 2019 statement of cash flows: receipt from sale of…

A: Cash flow statement shows all the cash transactions made by the company during the year.

Q: Salvador, Inc. reported a net income of $2.5 million in 2008. Depreciation for the year was…

A: Statement of cash flow: It refers to a financial statement that shows all the cash payments and…

Q: The information is taken from the records of Paul Company for 2020: Payment of dividends $4,000…

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…

Q: Wise Photography reported net income of $115,600 for 2020. Included in the income statement were…

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

Q: Gutierrez Company reported net income of $191,900 for 2020. Gutierrez also reported depreciation…

A: Introduction: Statement of cash flows: All cash in and out flows are recorded in statement of cash…

Q: McGee Company gathered the following data to prepare its

A: Cash Flow statement for McGee company McGee Company  Partial Cash Flow Statement For the year…

Q: The net income for the year for Genesis, Inc. is $750,000,but the statement of cash flows reports…

A: Net  income is the income computed in the income statement after recognising all the revenues and…

Q: Gutierrez Company reported net income of $193,200 for 2020. Gutierrez also reported depreciation…

A: Cash flows from operating activities: Cash flows from operating activities is a section of cash flow…

Q: Khareef Salalah Company reported the following information for the year 2020: Net income RO 24,600;…

A: Cash flow statement includes: Cash flows from operating activities Cash flows from investing…

Q: Cadilo corp has reported net income of P186,600 for 2020. The corp also reported depreciation…

A: Cash flow statement is an financial statement used by the organisation to find the cash earned and…

Q: Pina colada corp. Reported  net income of $190,400 for 2022. Pina colada also reported  depreciation…

A: The cash flow statement is an essential part of the financial statements of the organization. It is…

Q: Broussard Company reported net income of $3.5 millionin 2017. Depreciation for the year was…

A:

Q: Crane Company reported net income of $148,500. For 2020, depreciation was $45,100, and the company…

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…

Q: Boomer Company reported sales revenue of $500,000 and total expenses of $450,000 (including…

A: Net Income = sales revenue - total expenses  = $500,000 - $450,000 = $50,000

Q: Harlow Industries reported net income of $56,000 for the current year. During the year, Inventory…

A: Statement of cash flows form a part of financial statement and is prepared with a view to report the…

Q: How much is the cash flow from operating activities from the following data of Majan Corporation for…

A: Cash flow statement of the business shows all cash inflows and cash outflows of the business during…

Q: The following data were taken from the Statement of Cash Flows of Department JKL for the year ended…

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

Q: Simbop Company reported 2020 net income of $151,000. During 2020, accounts receivable increased by…

A: Cash flow statement: Cash flow statement is a statement that reports the cash inflow in operating,…

Q: Hampton Industries had $39,000 in cash at year-end 2017and $11,000 in cash at year-end 2018. The…

A: Given information: Year-end cash in 2017 was $39,000 Year-end cash in 2018 was $11,000 Property,…

Q: During 2019, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and…

A: EBIT = Sales - Cost of goods sold - Administrative expenses - Depreciation EBIT = $740,000 -…

Q: Blossom Company reported net income of $1.75 million in 2022. Depreciation for the year was…

A: In the indirect Approach of the Cash Flow Statement, we use the Net Income to Calculate the Net Cash…

Q: Hi-Tech, Inc., reports net income of $70 million. Included in that number are depreciation expense…

A: Cash flow from operating activities is a part for company’s cash flow statement which  shows the…

Q: Crane, Inc. reported net income of $2.65 million in 2022. Depreciation for the year was $169,600,…

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…

Q: The net cash provided by operating activities in Fox Company's statement of cash flows for 2020 was…

A: Formulas: Net income = Operating cash flow - Depreciation - Amortization

Q: The Cash Flow from Operating Activities on Moore’s statement of cash flows for 2018 was $8,000,000.…

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

Q: Siam Traders had Net Income for 2018 of $9,500,000. The firm invested $1,000,000 in manufacturing…

A: Given the following information: Net Income: $9,500,000 The firm invested $1,000,000 in…

Q: Wildhorse Co. reported net income of $176,240 for 2022. Wildhorse Co. also reported depreciation…

A: Cash flow activities are divided into three types: 1. Operating activities 2.Investing activities…

Q: The information is taken from the records of Paul Company for 2020: Payment of dividends $4,000…

A: Cash flows from operating activities: Cash flows from operating activities is a section of cash flow…

Q: Oriole, Inc. reported net income of $2.60 million in 2022. Depreciation for the year was $166,400,…

A: The cash flow from operating activities includes the cash flow from day to day transactions of the…

Q: Use the following information to compute net operating cash flow for a firm: Net income for the year…

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

Q: Blossom Company reported net income of $148,500. For 2022, depreciation was $45,100, and the company…

A: Operating activities is one of the important section of cash flow statement which shows all cash…

Q: Renzo Company reported net income of $196,600 for 2020. Renzo also reported depreciation expense of…

A: Cash flow statement is an financial statement was used by the firm to find the cash earned and spent…

Q: create a statement of cash flows for 2018 with amounts in thousands.

A: It is pertinent to note that cash flow statement reports the entities ability to generate cash . It…

Q: "Net cash flow from operating activities for 2020 for Jap Company was P300,000. The following items…

A: Net Income for 2020 = Net cash flow from operating activities - Depreciation and Amortization +…

Q: The XYZ Company had the following income statement on 31.12.2020 Deprecation 5000 Net income 110000…

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

Q: Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related…

A: Cash flow from operating activities:   This section of cash flow statement provides information…

Q: Shamrock Corporation had the following 2020 income statement. Sales revenue $211,000 Cost of goods…

A: Solution:- Preparation of Cash Flows from Operating Activities using direct method as follows…

Q: Blossom Company reported net income of $173,510 for 2022. Blossom Company also reported depreciation…

A: Please see the next step for the solution

Q: Marigold Corp. reported net income of $192,120 for 2022. Marigold Corp. also reported depreciation…

A: The cash flow statement is helpful for the stakeholders as they can identify the organization's…

Q: Sanders Awnings reported net income of $90 million. Included in that number were depreciation…

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