Compute net cash using the indirect method

Reference no: EM131835471

Question: The comparative balance sheets for Gale Company show these changes in noncash current asset accounts: accounts receivable decreased $80,000, prepaid expenses increased $28,000, and inventories increased $40,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $186,000.

Reference no: EM131835471

Questions Cloud

Compute free cash flow of sprouts corporation : Sprouts Corporation reported net cash provided by operating activities of $412,000, net cash used by investing activities of $250,000, and net cash provided.

Vintage analog electronic entertainment systems : SFA produces replacement components for vintage analog electronic entertainment systems.

Review case of Cypress Semiconductor Corporation : Suppose during 2017 that Cypress Semiconductor Corporation reported net cash provided by operating activities of $89,303,000, cash used in investing.

Why is net cash provided by operating activities : Why is net cash provided by operating activities likely to be lower than reported net income during the growth phase?

Compute net cash using the indirect method : The comparative balance sheets for Gale Company show these changes in noncash current asset accounts: accounts receivable decreased $80,000.

Calculate free cash flow of the given company : Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $104,539,000 and sales revenue of $2,867,459,000 during 2017.

Compute the company free cash flow : The management of Uhuru Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $875,000.

What is the amount of cash receipts from customers : Suppose Columbia Sportswear Company had accounts receivable of $299,585,000 at January 1, 2017, and $226,548,000 at December 31, 2017.

What amount of cash payments were made for income taxes : Hoffman Corporation reported income taxes of $370,000,000 on its 2017 income statement and income taxes payable of $277,000,000 at December 31, 2016.

User Account

All Pages