Sigh Corporation has the ff information for year 2010: Increase in current assets other than cash Unrealized gain on FVOCI equity investments Depreciation and amortization USD 300,000 41,000 343,000 Treasury stock acquired for cash 108,000 605,000 Carrying value of long-term debt retired Cash paid to settle long-term debt Cash dividends paid 587,000 167,000 Equipment acquired for cash 276,000 Additional information: The net income of Sigh Corp for 2010 amounted to USD 1,780, 000. The current liabilities also increased by USD 129,000. Determine the net cash flow provided/used from operating activities for the year ended in 2010. Show solution and explanation.

Sigh Corporation has the ff information for year 2010: Increase in current assets other than cash Unrealized gain on FVOCI equity investments Depreciation and amortization USD 300,000 41,000 343,000 Treasury stock acquired for cash 108,000 605,000 Carrying value of long-term debt retired Cash paid to settle long-term debt Cash dividends paid 587,000 167,000 Equipment acquired for cash 276,000 Additional information: The net income of Sigh Corp for 2010 amounted to USD 1,780, 000. The current liabilities also increased by USD 129,000. Determine the net cash flow provided/used from operating activities for the year ended in 2010. Show solution and explanation.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 15GI: Jordan Company recognized a 5,000 unrealized holding gain on investment in Starbuckss common stock...

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