Evaluate cash flow from operating activities

Assignment Help Financial Accounting
Reference no: EM13535105

The beginning and ending balances of certain accounts in a company's balance sheet are as follows:

 

Beginning Balance

Ending Balance

Changes

Accounts Receivable

$500,000

$465,000

($35,000)

Inventory

$780,000

$860,000

$80,000

Prepaid Expenses

$110,000

$105,000

($5,000)

Accounts Payable

$350,000

$325,000

($25,000)

Accrued Expenses Payable

$165,000

$175,000

$10,000

The business records $145,000 depreciation expense for the year and its net income is $258,000 for the year. Determine its cash flow from operating activities for the year. Present your answer in the indirect format for cash flow from operating activities in the statement of cash flows.

Reference no: EM13535105

Questions Cloud

What adjusting entry is made at the end of the year : This interest will be included in the interest checks the business receives next year. The business hasn't recorded this earned interest. What adjusting entry is made at the end of the year?
What year-end adjusting entry is made : Based on its aging analysis, the business estimates that sooner or later about $95,000 of the ending balance of its accounts receivable will not be paid by customers. What year-end adjusting entry is made?
Find what is the final heading of the fielder : In the All-Alaska ice Floe Softball finals, the right fielder for the Nome IceSox (who is floating on a small chunk of ice in still water) makes an outstanding catch of a line drive. what is the final heading of the fielder just after the ball is c..
Calculate and cost driver rates : Calculate and cost driver rates that are used for tracing appropriate amount of overheads to the said batch and ascertain the cost of batch of components using Activity Based Costing.
Evaluate cash flow from operating activities : Determine its cash flow from operating activities for the year. Present your answer in the indirect format for cash flow from operating activities in the statement of cash flows.
What is the role of chloroplast-chromoplast in plant cell : What is the role of the chloroplast and the chromoplast in a plant cell? List two difference betwen animal and plant cells. why is it necessary to apply stains to animal cells (cheek cells) , but not to plant cells?
The costs of business ethics failures : The Costs of Business Ethics Failures
Banks evaluating potential loan applications : Banks evaluating potential loan applications from small businesses
Review the companys year-end listing of accounts balances : Review the companys year-end listing of accounts balances - How can you tell from this listing of accounts that the business has not recorded its following three expenses for the year?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd