Revenues = $18,277. Cost ofGoods Sold = $5,112. DepreciationExpense = $2,914, Interest = $532and Taxes = $598. In addition thecompany's Receivables increasedby $396 and Inventoriesdecreased by $296. Thecompany's Cash Flow fromOperations was $......

Operating cash flow (OCF) is a financial metric that represents the amount of cash a company…

Answered: Revenues = $18,277. Cost of Goods Sold…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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Smoltz Company reported the following information for the current year: cost of goods sold, $252,500; increase in inventory, $21,700; and increase in accounts payable, $12,200. What is the amount of cash paid to suppliers that Smoltz would report on its statement of cash flows under the direct method? a. $218,600 c. $262,000 b. $243,000 d. $286,400
Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
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Revenues = $18,277. Cost of Goods Sold = $5,112. Depreciation Expense = $2,914, Interest = $532 and Taxes = $598. In addition the company's Receivables increased by $396 and Inventories decreased by $296. The company's Cash Flow from Operations was $