The net cash provided by operating activities in Grouper Company's statement of cash flows for 2024 was $305000. For 2024,depreciation on plant assets was $91000, amortization of patent was $15000, and cash dividends paid on common stock was$108200. Based only on the information given above, Grouper's net income for 2024 wasO $305000.O $199000.O $15000.O $307200.

Depreciation and amortization are non-cash EXPENSES hence deducted from the net cash provided by…

Answered: The net cash provided by operating…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The net cash provided by operating activities in Marigold Corp.'s statement of cash flows for 2021 was $310000. For 2021, depreciation on plant assets was $90200, amortization of patent was $16300, and cash dividends paid on common stock was $107100. Based only on the information given above, Marigold’s net income for 2021 was $310000. $310600. $16300. $203500.
The net cash provided by operating activities in BLUE Company's statement of cash flows for 2021 was 770,000. For 2021, depreciation of plant assets was P 300,000; impairment of goodwill was P 50,000 and cash dividends paid on ordinary share was P 360,000. Based only on the information given, how much was BLUE's 2021 net income?
The net income for 2020 for Won Hae Na Corp. was P3,520,000. Additional data are as follows: www purchases of plant assets- P2,800,000; Depreciation expense- P1,480,000; Dividends declared- P970,000; Net decrease in non-cash current assets- P290,000 and loss on sale of equipment- P130,000. How much is the net cash inflow from operating activities on December 31, 2020? A. P7,250,000 В. Р5,420,000 С. Р5,290,000 D. P5,130,000
CQ Photography reported net income of $103,000 for 2022. Included in the income statement were depreciation expense of $6,500, patent amortization expense of $3,800, and a gain on disposal of plant assets of $4,000. CQ's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/22 $19,200 Net Income 8,400 12/31/21 Cash Flows from Operating Activities Calculate net cash provided by operating activities for CQ Photography using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) $27,000 CQ Photography Statement of Cash Flows For the Year Ended December 31, 2022 Adjustments to reconcile net income to 6,500 Net Cash Provided by Operating Activities $ 103000
The net cash provided by operating activities in Fox Company's statement of cash flows for 2020 was $310,000. For 2020, depreciation on plant assets was $90,000, amortization of patent was $16,000, and cash dividends paid on common stock was $108,000. Based only on the information given above, Fox's net income for 2020 was a. $310,000. b. $204,000. c. $ 16,000. d. $312,000.
Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $127,537,580 and sales revenue of $3,498,299,980 during 2022. Cash spent on plant asset additions during the year was $96,782,600. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Free cash flow $
Cleopatra's Boutique Inc reported net income of $73,000 for 2022. Included in the income statement were depreciation expense of $7,000 and again on disposal of plant assets of $2,500 Cleopatra's comparative balance sheets whos the following bainaces 12/01/21 12/31/22 Accounts receivable $17,000 $21.000 Accounts payable 6,000 2.200 Calculate net cash provided by operating activities for Cleopatra's Boutique, inc
Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $107,675,170 and sales revenue of $2,953,482,770 during 2022. Cash spent on plant asset additions during the year was $81,709,900. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ 25,965,270 %24
Lindsay Corporation had net income for 2021 of $3,000,000. Additional information is as follows: Depreciation of plant assets Amortization of intangibles Increase in accounts receivable Increase in accounts payable $1,200,000 240,000 420,000 540,000 Lindsay's net cash provided by operating activities for 2021 was $2,680,000. $4,440,000. $4,320,000. $4,560,000.
The Cash Flow from Operating Activities on Moore’s statement of cash flows for 2018 was $8,000,000. For 2018, depreciation on fixed assets was $3,800,000, amortization of intangibles was $100,000 and gains on the sale of fixed assets were $22,000. Based on the preceding information, Moore’s net income for 2018 was:
of Take me to the text Squash Incorporated had net income for 2023 of $382,000. Included on the income statement was a loss on sale of equipment of $4,900, a gain on sale of investments of $16,300, depreciation of $7,300, loss on retirement of debt of $10,600, and interest of $3,200. Calculate the net cash provided (used) by operating activities using the indirect method Assume that the balances of current assets (except cash) and current liabilities remain the same as last year. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Net cash provided (used) by operating activities $-385400 Check *
The net income for Swifty Corporation for 2022 was $260,100. For 2022, depreciation on plant assets was $67,800, and the company incurred a loss on disposal of plant assets of $27,100. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000)) Ⓒ

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