The XYZ Company had the following income statement on 31.12.2020 Deprecation 15000 Net income 95000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 16000, 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. NONE OF THESE b. 145000 OMR c. 149000 OMR d. 133000 OMR

Q: ABC Inc. reported revenue of P1,980,000 in its income statement for the year ended December 31,…

A: Accounts receivable are credit accounts lawfully enforceable retained by the company for the…

Q: The XYZ Company had the following income statement on 31.12.2020 Deprecation 15000 Net income 110000…

A: Deprecation = 15000 Net income =110000 OMR Decreased during 2020: Accounts receivable = 24000…

Q: The following information is available for Stamos Corporation for the year ended December 31, 2020…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: WOODPECKER CORP. reported profit of P800,000 in 2018 under cash basis. The following items are…

A: Cost of goods sold = Beginning inventory + increase in payable - ending inventory =…

Q: ABC Company had the following income statement on 31.12.2020 Deprecation OMR 15000 Net Profit OMR…

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

Q: Sheffield Corp. reported net income of $193,100 for 2019. Sheffield also reported depreciation…

A: Given the following information: Net Income: $193,100 Depreciation expense: $45,100 Loss on…

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: ABC Co. had the following activities in 2020: OMR 55000 Issue of common stock Increase in…

A: A cash flow statement is a financial statement that shows all the cash outflows and cash inflows.

Q: ABC Inc. reported revenue of P1,980,000 in its income statement for the year ended December 31,…

A: The revenue reported on the income statement may contain credit sales and cash sales both. This…

Q: During 2021, Swifty Corporation earned net income of $262000 which included depreciation expense of…

A: The proportional change inside a company's cash position through one period to the next caused by…

Q: Sunland Company had net income of $854400 for the year ending 12/31/2022. Depreciation expense for…

A: Net Income = $854400 Depreciation expense = $105600 Increase in accounts receivable = $57600…

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

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Bonita Corporation had the following 2020 income statement. Sales revenue  $198,000 Cost of goods…

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…

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: 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: Depreciation OMR 12000 Net Profit OMR 148000 The following accounts decreased during 2020: Accounts…

A: Any changes in machinery account is part of cash flow from investing activities. So it is not…

Q: Dicksen Company’s income statement for the year ended December 31, 2022 reported profit of P360,000.…

A: Net cash provided by operating activities means net cash inflow from normal activities of an entity.…

Q: The XYZ Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 150000…

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

Q: Kaila Company's financial statements show a net income of $567,000 in 2019. The following items also…

A: Cash flow statement is prepared to analyze the cash flows during the period.

Q: Prepare the cash flows from operating activities section of Sarasota’s 2020 statement of cash flows…

A: 1. Increase in Accounts Receivables of $13000 will be subtracted from Cash Flow from Operating…

Q: Kensington Company, an SME, reported net income of P500,000 in 2021. Gain on sale of equipment was…

A: Cash Flow from Operating Activities is the net cash inflow in the business only from its operating…

Q: Current Attempt in Progress During 2020 the Cullumber Company had a net income of $85200. In…

A:

Q: Dune Ltd has operating profit for the year ended 30 June 2021 of £56,300, after charging…

A: Cash flows from operating activities shows all cash inflows and cash outflows related to operations…

Q: Consider the following statement of cash flows for Chicken Fil-A company. (in thousands) Cash flows…

A: Ans- Option C - $ 18400 Working Total Cash Inflows for 2019 = Cash inflow from Operating activities…

Q: Using the financial statements and notes provided below, prepare a cash flow analysis for the…

A: Cash flow Statement: It is one of the financial statements which depicts the cash inflows and…

Q: KLM Co. had the following information in 2020: Issuance of common stock 32000 Payment of dividends…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The XYZ Company had the following income statement on 31.12.2020 Deprecation 12000 Net income 85000…

A: working notes:     Net Cash Provided by Operating Activities =85,000…

Q: Net cash flow from operating activities for 2021 for Vaughn Manufacturing was $497000. The following…

A: For preparing net income from cash flow from operation reversing adjustments are needed such as…

Q: Sarasota Corporation had the following 2020 income statement. Sales revenue   $183,000 Cost of…

A: The Statement of cash flow can be prepared under two methods. It is Direct Method and Indirect…

Q: XYZ INC. REPORTED NET INCOME OF $10,000 IN 2020. DEPRECIATION FOR THE YEAR WAS $1,000, ACCOUNTS…

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

Q: KLM Co. had the following information in 2020: Issuance of common stock 32000 Payment of dividends…

A: An indirect method of preparing cash flow statements is to adjust the net income with changes in…

Q: In 2020, Windsor Corporation reported a net loss of $69,800. Windsor’s only net income adjustments…

A: The net cash provided by operating activities can be calculated with the help of indirect method of…

Q: Hendrickson Corporation reported net Income of $50,000 in 2020. Depredation expense was $17,000. The…

A: Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either…

Q: Gutierrez Company reported net income of $190,400 for 2020. Gutierrez also reported depreciation…

A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…

Q: Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating…

A: The direct method is also called the Income statement method.   Cash flow from Revenue - Cash…

Q: . had the following information in 2020: Sales 180000 COGS 80000 ast ... Operating expenses…

A: A cash flow statement is a financial statement that shows the amounts of cash and cash equivalents…

Q: The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income for…

A: Cash flow is a financial statement that shows the amount of cash flowing in and out of the business…

Q: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding…

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

Q: The cash balance of Darwin company on January 1, 2020 was 80,000. During 2020, the changes in…

A: Cost of goods sold is the total cost of producing the product or services. Cash balance is the…

Q: 8..new Carla Company has not yet prepared a statement of cash flows for the 2020 fiscal year.…

A: Statement of Cash Flow (Direct) - Statement of Cash Flow is the statement that shows movement of…

Q: Bannister Company reported operating expenses of $375,000 for 2020. The following data were…

A: Statement of cash flows: Cash flow statement is also known as statement of cash flows. It is a…

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: ABC Co. had the following activities in 2020:Issue of common stock OMR 28000 Increase in receivables…

A: Issue of common stock = OMR 28000 Increase in receivables = OMR 16000 Decrease in Land = OMR 75000…

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

A: Net cash flow refers to the amount that is the difference between the total cash inflows and total…

Q: Nash's Trading Post, LLC reported net income of $60300 for the year 2022. During 2022, accounts…

A: Net income is the profit a company has earned for a period, while cash flow from operating…

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…