Last year Lawsby Company reported sales of P120,000 on its income statement. During the year, accounts receivable increased by P10,000 and accounts payable increased by P15,000. The company uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be

Q: The balance sheet of Innovative Products reports total assets of $620,000 and $820,000 at the…

A: Return on assets is calculated by dividing net income by average total assets. And the answer tells…

Q: Fitz Company reports the following information. Selected Annual Income Statement Data Selected…

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

Q: Norman Company's net income last year was $26,000. Changes in selected balance sheet accounts for…

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

Q: Analysis reveals that a company had a net decrease in cash of RM4,000 for the current year. Net cash…

A: Formula: Beginning cash balance = year-end cash balance - net decrease in cash

Q: Hampton Company reports the following information for its recent calendar year. Prepare the…

A: Cash Flow statement shows the generation of cash inflows and cash expensed during a particular…

Q: Melissa, Inc. reported the following income statement, prepared on the accrual basis:   Sales ​…

A: Formula: Cash collections from customers = Sales + Decrease in accounts receivables Sum of both…

Q: Accounts receivable from sales transactions were $46,255 at the beginning of the year and $67,957 at…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Crossland Company reported sales on its income statement of $435,000. On the statement of cash…

A: Accounts Receivable - It is the amount due from the customers for the goods sold or services…

Q: Rogers Company reported net income of $42,431 for the year. During the year, accounts receivable…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: A company reports net Income of $150,000. Included In net Income Is a galn on the sale of land of…

A: The cash flow statement helps to identify the financial health of the organization, whether the firm…

Q: Last year Cucumber Company reported a cost of goods sold of $30,000. Inventories decreased by $7,000…

A: A cash flow statement is one of the financial statements that is used to indicate the amount of cash…

Q: The following data is given for DGR Company: Net cash flows from operating activities $6,000,000…

A: SOLUTION-   FORMULA- MONTHLY CASH EXPENSES = NET CASH FLOW FROM OPERATION / 12 RATIO OF CASH TO…

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: Bainbridge Company uses the direct method in determining net cash provided by operating activities.…

A: Cash payments for income taxes = Beginning Income taxes payable +Income tax expense -Ending Income…

Q: Last year Cucumber Company reported a cost of goods sold of $30,000. Inventories decreased by $7,000…

A: given that, cost of goods sold of $30,000 Inventories decreased by $7,000 accounts payable decreased…

Q: The company reported net income this year as follows: Sales $3,100,000 1,922,000 Cost of goods sold…

A: Cash flows means cash inflows and cash outflows of the business. Cash inflows means incoming of…

Q: Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end…

A: Following is the answer to requisite question

Q: Accounts receivable from sales transactions were $45,582 at the beginning of the year and $68,677 at…

A: Increase or decrease=Accounts receivable in the beginning-Accounts receivable in the…

Q: Kela corporation reports net income of 570,000 that includes depreciation expense of 77,000 also…

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

Q: Metlock, Inc. had an increase in inventory of $108000. The cost of goods sold was $504000. There was…

A: Cash payments to suppliers is computed by adjusting increase or decrease in inventory and accounts…

Q: Duke Company reported cost of goods sold last year of $270,000 on its income statement. Additional…

A: The term cost of goods sold refers to the cost of goods that has been sold by the company. The cost…

Q: Fitz Company reports the following information. Selected Annual Income Statement Data Selected…

A: Statement of Cash Flows (Partial) Cash flows from operating activities   Net Income 379000…

Q: Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at…

A: The Cash flow statement is a financial statement that shows how variations in income and balance…

Q: ABC Inc. is preparing its cash flow statement under the direct method and has provided this…

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

Q: Kingbird Company's accounts receivable arising from sales to customers amounted to $80000 and $70000…

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

Q: Accounts receivable from sales transactions were $48,847 at the beginning of the year and $66,305 at…

A: The cash flow statement is prepared to estimate the net cash inflow or outflow from the business…

Q: The cost of goods sold during the year was $281200. Inventory increased by $9000 during the year and…

A: Cost of goods sold = $281200 Increase in Inventory = $9000 Accounts payable = $14100

Q: arising from trade transactions amounted to $62,000 and $78,000 at he beginning and end of the year,…

A: The amount of money a firm brings in from its continuous, regular business activities, such as…

Q: Oriole Company reports a $22000 increase in inventory and a $5600 decrease in accounts payable…

A: Purchases = Cost of goods sold + Ending inventory - Beginning inventory Cash payments made to…

Q: Accounts receivable from sales transactions were $46,167 at the beginning of the year and $65,446 at…

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

Q: Cash Flows from Operating Activities—Direct Method The cash flows from operating activities are…

A: The cash flows of a company include the outflow and the inflow of the cash during the year. The…

Q: A company reports net income of $157,000. Included in net income is a gain on the sale of land of…

A: The Cash Flow Statement shows the cash inflow and cash outflow of the company during the particular…

Q: Hampton Company reports the following information for its recent calendar year. Income Statement…

A: SOLUTION CASH FLOW STATEMENT  IS A FINANCIAL STATEMENT THAT SUMMARIZES THE AMOUNT OF CASH AND CASH…

Q: Accounts receivable from sales transactions were $49,313 at the beginning of the year and $62,098 at…

A: Statement of cash flows: It is one of the financial statements that shows the cash and cash…

Q: Last year Cumpton Company reported a cost of goods sold of $40,000. Inventories decreased by $8,000…

A: Cash flow statement indicates in and out of cash flows in business. Cash flow referred as the net…

Q: Cribbets Company uses the direct method in determining net cash provided by operating activities,…

A: Operating activities: Operating activities include cash inflows and outflows from business…

Q: The Simplex Company reported cost of goods sold on its income statement of $10,000. The following…

A: The cost of goods sold, adjusted to a cash basis is the actual cash paid to suppliers for the…

Q: The cash flows from (used for) operating activities are reported by the direct method on the…

A: As posted multiple independent questions we are answering only one kindly repost the unanswered…

Q: Blue Company's net income last year was $35,000. Changes in selected balance sheet accounts for the…

A: Last year net income = $ 35000

Q: Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at…

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

Q: Prepare the operating activities section of the statement of cash flows for GreenGarden using the…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Calculate cash flow from operating activities from the following information: Total Sales for the…

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

Q: 45. Last year Lawsby Company reported sales of 120,000 on its income statement. During the year,…

A: Cash flows from operating activities represent cash earned from the companies business activities.…

Q: A company reports net income of $152,000. Included in net income is a gain on the sale of land of…

A: Cash Flow From Operating Activity: Cash flows from operational operations are a portion of a…