Depreciation OMR 12000 Net Profit OMR 148000 The following accounts decreased during 2020: Accounts receivable OMR 20000 Inventory OMR18000 Rent payable OMR17000 Machinery OMR 25000 The following accounts increased during 2020: Notes receivable OMR 15000 Account payable OMR 18000 Bonds payable OMR 20000 What is the net cash flows from operating activities?

Depreciation OMR 12000 Net Profit OMR 148000 The following accounts decreased during 2020: Accounts receivable OMR 20000 Inventory OMR18000 Rent payable OMR17000 Machinery OMR 25000 The following accounts increased during 2020: Notes receivable OMR 15000 Account payable OMR 18000 Bonds payable OMR 20000 What is the net cash flows from operating activities?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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Preparing a Statement of Cash Flows Monon Cable Television Company reported the following financial statements for 20l9: Required: 1. Prepare a statement of cash flows using the indirect method to compute net cash flow from operating activities. 2. CONCEPTUAL CONNECTION Explain what has been responsible for the decrease in cash.
Blossom Company reports the following information: Net income $ 539000 Depreciation expense 153000 Increase in accounts receivable 61000 Blossom should report cash provided by operating activities of $ 753000. $ 447000. $ 631000. $ 325000.
The XYZ Company had the following income statement on 31.12.2020 Deprecation 12000 Net income 85000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 6000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 12000 Accounts Payable 11000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities a. 149000 OMR b. 145000 OMR c. 130000 OMR d. NONE OF THESE
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) 32000 Interest expense 8000 Taxes 3000 Increase in Accounts receivable 7000 Decrease in inventory 4000 Increase in Accounts payable 5000 Decrease in other payables 3500 Increase in interest payable 2000 Decrease in tax payable 1000 Prepare operating cash flows using direct method.
The XYZ Company had the following income statement on 31.12.2020 Deprecation 5000 Net income 110000 OMR The following accounts decreased during 2020: Accounts receivable 24000 inventory 18000 OMR, Rent payable 15000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 8000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: a. 149000 OMR b. 145000 OMR c. NONE OF THESE d. 136000 OMR
Net cash flows from operating activities P720,000 Decrease in trade payables 23,000 Decrease in financial asset through profit or loss 11,500 Increase in trade receivables 24,600 Cash proceeds from sale of plant (book value of P25,000) 14,000 Increase in allowance for doubtful debts 1,000 What is the profit for the period?
The XYZ Company had the following income statement on 31.12.2020 Deprecation 5000 Net income 110000 OMR The following accounts decreased during 2020: Accounts receivable 24000 inventory 18000 OMR, Rent payable 15000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 8000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities
Sohar Co. had the following information in 2020: Sales 180000 COGS 80000 ast ... Operating expenses (including depreciation) Depreciation expense Interest expense ber... 32000 4200 en... 9000 ... ... Taxes 4000 Increase in Accounts receivable 7000 [p Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 4500 2300 2000 Prepare operating cash flows using direct method.
What should be the impact(add or subtract) on statement of cash flow. Increase in Cash 40,308 -cash was 378,511 beg and 418,819 endg Decrease in Account receivable 15,351 Increase in Inventories. 15,117 Increase in prepayments. 16,776 Increase in PP&E. 1,134,644 - no sale of PPE during the year Increase in accumulated depreciation-no sale of PPE during the year Increase in Other Non-operating Assets. 8711 Decrease in account payable 660 Increase in other current liabilities. 114,596 Increase in long term debt 244,285 Increase in other -operating liabilities 140,026 Increase in common stock 96,991 Increase in retained earnings 340,879 Net Income was $474,378
According to the information given in the table below, which of the following is cash flow from operating activities? Net income 101,000 Deprecation 35,000 Decrease in Accounts Receivable 22,000 Increase in Inventory 14,000 Decrease in Accounts Payable 23,000 Select one: a. 111000 b. 161000 c. 121000 d. 156000
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