Olympic, Inc. had the following positive and negative cash flows during the current year:   Positive cash flows:  Received from customers $240,000 Interest and dividends 50,000 Sale of plant assets 330,000 Negative cash flows:  Paid to suppliers and employees $127,000 Purchase of investments 45,000 Purchase of treasury stock 36,000 Determine the amount of cash provided by or used for operating activities by the direct method.

Q: Assume a company's net cash provided by operating activities is $86,000. It provided the following…

A: Operating Activities - Under this activity all the company operation-related activities like sales,…

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

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A:

Q: At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a…

A: Cash flow statement means the statement which shows the cash flow in or out of business enterprises…

Q: Brandon, Inc. reported the following items in its balance sheet and income statement:  Net Income…

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

Q: Stewart Export Co. had the following Statement of Cash Flows for the year ended 03/31/15: ($…

A: At the time of sale of fixed assets, if there is a difference between book value of the asset and…

Q: Prepare a statement of cash flow for Mabuhay Corporation For the month ended  Ocotber 30, 2021.…

A: Cash flow = Cash flow from (Operating + Financing + Investing ) Activities

Q: PTB, Inc. had the following cash flows for the year: (a) Purchased land, $60,000 (b)…

A: Cash Flow from Investing Activities: The cash flow from investing activities shows that purchase and…

Q: Chester Company earned $12,500 of cash revenue, paid $7,500 for cash expenses, and paid a $200 cash…

A: The primary goal of a cash flow statement is on changes in cash inflows and outflows. This report…

Q: UJ Corp. reported net income for the year of $380,000.  What is the net cash flows from operating…

A: working:   particular  amount  Cash flows from operating activities will be :   Net Income…

Q: Lense Laboratories' net income was $310,000. Given the account information below, what is the net…

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

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: 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 following shows excerpts from financial information relating to Aspen Company and Bergamot…

A: Free cash flow = Net Cash flow from operating activities - Capital expenditure - Dividend payment

Q: Dukas Corporation's net cash provided by operating activities was $218,000; its net income was…

A: Free income (FCF) addresses the money an organization produces subsequent to representing cash…

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: At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a…

A: solution concept cash flow statement Cash flow statement consists of cash flow from three major…

Q: Riverbed Corp reported net cash provided by operating activities of $375,000, net cash used by…

A: Given the following information: Net cash provided by operating activities: $375,000 Net cash used…

Q: Given the following cash transactions relating to Weatherford Company, what is the net cash flows…

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

Q: Bad Brad's BBQ had cash flows for the year as follows ($ in millions):           CASH RECEIVED…

A: A cash flow statement is known as a statement to evaluate the financial position of the business i.e…

Q: The following information relates to Elsa Corporation for last year: Net income $64,000 Net decrease…

A: Cash flow statement is a financial statement that provides the insights on the cash movement, i.e.,…

Q: Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries…

A: We have the following information for Jackson Company: Paid $135,000 for salaries Paid $60,000 to…

Q: Information for two companies in the same industry, Wildhorse Co. and Sheffield Corp., is presented…

A: The free cash flow is the remaining cash to repay the dues of creditors and dividends to the…

Q: what is the net cash flows from operating activities for Lense Laboratories?

A: Cash Flow Statement is the statement that shows the movement of cash flow within the organization.…

Q: Chow Company earned $4,900 of cash revenue, paid $2,700 for cash expenses, and paid a $1,050 cash…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Mashy Auto Parts Store had net income of $81,000 for the year just ended. Mashy collected the…

A: Given, Net income = $81,000 Increase in Accounts Receivable =$102,000 Decrease in merchandise…

Q: The company's net income was $300,000. Given the account information below, what is the net cash…

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

Q: Georgia Products Co. had the following positive cash flows during the current year: received…

A: Cash flow from three activities reported on the cash flow statement: 1. Cash flow from operating…

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: AoA Company reported the following for its most recent fiscal year: Net income, - $20,000;…

A: cashflow form operating activities: It is the cashflow from its ongoing regular business activities.…

Q: In Jackson Jones Company, land decreased $180,000 because of a cash sale for $180,000, the equipment…

A: Cash flows from investing activities: Investing activity includes the acquisition and disposal of…

Q: Dora Inc. reported the following on the company's statement of cash flows: Net cash flows from…

A: Capital expenditure = Net cash flows used for investing activities x 65% = 130,000 x 65% = $84,500

Q: JJ's has net sales of $48,920, depreciation of $711, cost of goods sold of $31,890, administrative…

A: The cash flow statement is one of the important financial statements that the company has to prepare…

Q: Lense Laboratories' net income was $310,000. Given the account information below, what is the net…

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

Q: Given the following information, construct the firm’s balance sheet:   Cash and cash equivalents $…

A: The balance sheet indicates a summary statement of assets and liabilities. It is an essential part…

Q: Last year Burch Corporation's cash account decreased by $21,000. Net cash provided by (used in)…

A: Decrease in cash account=Net cash provided by (used in) operating activities+Net cash provided by…

Q: A company had the following cash flow activities during the year:          Cash Inflows…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Bad Brad's BBQ had cash flows for the year as follows ($ in millions):           CASH RECEIVED…

A: Formulas: Cash flow from financing activities = Sale of common stock + Issue of debentures - Debt…

Q: 6. Crystal Béll Company generated $48,900 in net income during the year. Included in this number are…

A: Cash flow statement is the part of financial statement which shows the net increase/decrease in cash…

Q: Flora Inc. reported the following information: Net income:  $640,000 Depreciation expense:…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Net cash flows from investing activities for the year were

A: Cash flow statement of a company includes 3 sections these are Operating section, Investing section…

Q: Mississippi Products Co. had the following positive cash flows during the current year: received…

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

Q: Below are data from the financial statements of Flooring Co.: Increase in operating cash $160,000…

A: Answer -  Formula for Free Cash Flow to Equity - (FCFE) = Cash from Operating Activities – Capital…

Q: The following information is available for Redcands Company: Receipts from customers   $215,000…

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

Q: Brandon Inc. reported the following items in its statement of financial position and statement of…

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

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…

Q: S Company reported net income for 2021 in the amount of $400,000. The company's financial statements…

A: Increase in current assets / Decrease in current liabilities are subtracted from the net income.…