User Account

All Pages

What would the net cash flows from operating activities

Assignment Help Accounting Basics
Reference no: EM132456836

Problem - BlueInk Corporation's accumulated depreciation increased by $14,000, while patents decreased by $3,875 between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss on sale of land of $1,950. Accounts receivable increased $6,320, inventory decreased $3,125, prepaid expenses decreased $720, and account payable increased $2,760. Reconcile a net income of $55,000 to net cash flow from operating activities.

BlueInk Corporation Cash Flows from Operating Activities Net income $55,000

Adjustments to reconcile net income to net cash from operating activities: Depreciation 14,000

Amortization 3,875

Loss on sale of land 1,950

Increase in accounts receivable 6,320

Decrease in inventory 3,125

Decrease in prepaid expenses 720

Increase in accounts payable 2,760

Required - What would the Net cash flows from operating activities?

Reference no: EM132456836

Questions Cloud

Where should we place the blame : Where should we place the blame? Economists believe the Great Depression was caused by the weaknesses in the 1920s economy, but the person whose name will be.
Outbreak of bubonic plague hit the byzantine empire : In 541 AD an outbreak of bubonic plague hit the Byzantine Empire. Because the plague was spread by flea-invested rats the often lived on ships, ports were
Research and discuss the limitations associated with stride : Discuss the STRIDE is a popular threat modeling technique commonly used to discover the security weaknesses of a software system.
How new technologies helped one of the movements : Consider the new technology of radio and photography. With specific examples from the 1920s, discuss how these new technologies helped one of the movements.
What would the net cash flows from operating activities : BlueInk Corporation's accumulated depreciation increased by $14,000, What would the Net cash flows from operating activities
What is keynesian rational expectations argument : What is Keynesian rational expectations argument, anticipated and unanticipated and how do they differ
Classical assumptions of a demand for money : How does classical assumptions of a demand for money differ from Keynesian and how does it cause macro policy to be different?
Substitution effect and the income effect : What is the difference between the substitution effect and the income effect in intermediate microeconomics?
How has the foreign government impacted you : In your current situation, how has the foreign government impacted you, and what you are seeing evolve as the American government?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the current ratio for skymaster

It also has $30,000 in current liabilities and $50,000 in long-term liabilities. What is the current ratio for Skymaster, inc

  Calculate sales growth and operating expense growth

Using the consolidated statements of operations, analyze the profitability of Intel by preparing a common-size income statement and by calculating any other.

  How much cash will the company collect in october

The company expects to sell 45% of its merchandise for cash. How much cash will the company collect in October

  How does a corporation compute earnings and profits

How does a corporation compute earnings and profits (E&P)? What deductions are allowed for taxable income purposes but denied for E&P

  Describes the seven steps of tax preparation

Describes the seven steps of tax preparation. Describes measures that the new accountants could take to minimize the ethical issues

  Marison company makes two products x and y the

marison company makes two products x and y. the contribution margin for x is 2 and the contribution margin for y is 3.

  Explain the double-declining method

ABC Company purchased an equipment on January 1, 2013, for $210,000. The equipment was expected to have a useful life of 5 years and a residual value.

  The johnson company traded its old machine

The Mayer Company, plaintiff, paid $12,000 in legal fees in November, in connection with a successful infringement suit on its patent.

  Journalize the summary entry to record the direct materials

Question - Entries for factory costs and jobs completed. Journalize the summary entry to record the direct and indirect materials used for July

  Cost control actions and general employee dissatisfaction

Because of cost control actions and general employee dissatisfaction, it is likely that the client will suffer a costly strike in the near future.

  Calculate the investment income for the year

Indicate whether the imputed interest rules should apply in the following situations. Assume that all of the loans were made at the beginning of the tax year unless otherwise indicated. If an amount is zero, enter "0".

  Revenue from permitting others to use enterprise assets

When is revenue recognized in the following situations: Revenue from services performed?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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