Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Question A firm reported ($ in millions) net cash inflows

/in /by

Question
A firm reported ($ in millions) net cash inflows (outflows) as follows: operating $67, investing ($195), and financing $353. The beginning cash balance was $259. What was the ending cash balance?

$128.

$874.

$484.

$34.

Top of Form

Bowers Corporation reported the following ($ in 000s) for the year:

Balance

Beginning

Ending

Accounts receivable

$520

$810

Sales on account were $1,820 for the year. How much cash was collected from customers on account?

$1,520.

$2,100.

$1,551.

$1,530.

Bottom of Form

S Company reported net income for 2016 in the amount of $440,000. The company’s financial statements also included the following:

Increase in accounts receivable

$ 75,000

Decrease in inventory

63,000

Increase in accounts payable

220,000

Depreciation expense

110,000

Gain on sale of land

141,000

What is net cash provided by operating activities under the indirect method?

$1,049,000.

$547,000.

$767,000.

$617,000.

Hemmer Company reported net income for 2016 in the amount of $44,000. The company’s financial statements also included the following:

Decrease in accounts receivable

$6,500

Increase in inventory

1,800

Depreciation expense

3,400

What is net cash provided by operating activities?

$47,400.

$42,400.

$39,300.

$52,100.

Alpha Company had the following account balances for 2016:

Dec. 31

Jan. 1

Accounts receivable

$40,000

$31,000

Accounts payable

46,000

51,000

Alpha reported net income of $240,000 for 2016. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2016 reported in the statement of cash flows?

$236,000.

$226,000.

$244,000.

$254,000.

Creble Company reported net income for 2016 in the amount of $42,000. The company’s financial statements also included the following:

Increase in accounts receivable

$4,300

Decrease in inventory

1,800

Depreciation expense

3,300

Gain on sale of equipment

5,000

In the statement of cash flows what is net cash provided by operating activities under the indirect method?

$42,800.

$31,200.

$37,800.

$56,400.

Top of Form

Selected information from Peridot Corporation’s accounting records and financial statements for 2016 is as follows ($ in millions):

Cash paid to acquire machinery

$40

Retired common stock

59

Proceeds from sale of land

92

Gain from the sale of land

51

Investment revenue received

75

Cash paid to acquire office equipment

85

In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

rev: 01_03_2016

$33 million.

$41 million.

$94 million.

$116 million.

Top of Form

In preparing its cash flow statement for the year ended December 31, 2016, Red Co. gathered the following data:

Gain on sale of land

$ 12,500

Proceeds from sale of land

24,000

Purchase of Blue, Inc., bonds (face value $214,000)

351,000

Amortization of bond discount

5,000

Cash dividends declared

91,000

Cash dividends paid

78,000

Proceeds from sales of Red Co. common stock

158,000

In its December 31, 2016, statement of cash flows, what amount should Red report as net cash outflows from investing activities?

$327,000.

$375,000.

$314,500.

$190,000.

In preparing its cash flow statement for the year ended December 31, 2016, Green Co. gathered the following data:

Gain on sale of land

$ 12,700

Proceeds from sale of land

21,000

Purchase of Black, Inc., bonds (face value $220,000)

364,000

Amortization of bond discount

4,100

Cash dividends declared

100,000

Cash dividends paid

74,000

Proceeds from sales of Green Co. common stock

157,000

In its December 31, 2016, statement of cash flows, what amount should Green report as net cash from financing activities?

$57,000.

$144,000.

$83,000.

$26,000.

During 2016, T Company engaged in the following activities:

Distribution of cash dividends declared in 2015

$66

Fair value of shares issued in a stock dividend

300

Payment to retire bonds

617

Proceeds from the sale of treasury stock (cost: $72)

83

In T’s statement of cash flows, what were net cash outflows from financing activities for 2016?

$1,000.

$766.

$600.

$534.

Bottom of Form

Bottom of Form

ATTACHMENT PREVIEW Download attachment
1.A firm reported ($ in millions) net cash inflows (outflows) as follows: operating $67,investing ($195), and financing $353. The beginning cash balance was $259. What wasthe ending cash balance?$128.$874.$484.$34.2.Bowers Corporation reported the following ($ in 000s) for the year:BalanceBeginningEndingAccounts receivable$520$810Sales on account were $1,820 for the year. How much cash was collected from customers onaccount?$1,520.$2,100.$1,551.$1,530.3.S Company reported net income for 2016 in the amount of $440,000. The company’sfinancial statements also included the following:Increase in accountsreceivable$ 75,000
Background image of page 1
View the Answer
Decrease in inventory63,000Increase in accounts payable220,000Depreciation expense110,000Gain on sale of land141,000What is net cash provided by operating activities under the indirect method?$1,049,000.$547,000.$767,000.$617,000.4.Hemmer Company reported net income for 2016 in the amount of $44,000. Thecompany’s financial statements also included the following:Decrease in accountsreceivable$6,500Increase in inventory1,800Depreciation expense3,400What is net cash provided by operating activities?$47,400.$42,400.$39,300.$52,100.
Background image of page 2

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"