SatermenLOCasn FlowSFor the Year Ended Decermber 31, 2020Cash flows from operating activities:Net income$ 579,037Adjustments to reconcile net income to cashflow from operating activities:Depreciation expenseLoss on sale of equipment35,0005,00025,00028,903(19,440)(39,500)(1,500)101,000Accounts receivableInventoryPrepaid insuranceAccounts payableInterest payableIncorne tax payableNet cash provided by operating activitiesCash flows from investing activities:Net cash used from investingCash flows from financing activities:Net cash used in financing activitiesNet increase in cash and cash equivalentsCash at the beginning of the periodCash at the end of the period31,500Determine the balance for Net cash provided by operating activities.Net cash provided by operating activities type your answer.

Cash Flow Statement: A cash flow statement is a financial report with information on the sources of…

Answered: Determine the balance for Net cash…

Determine the balance for Net cash provided by operating activities. Net cash provided by operating activities type your answer.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6E

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statement of cash flow 2019 GH¢’000 2018 GH¢’000 2017 GH¢’000 Cash flows from operating activities Profit before income tax 32,548 35,430 11,576 Adjustments for: - Depreciation 56,108 58,326 54,759 - Amortisation 1,185 971 563 - Loss/(profit) on disposal of property, plant and equipment 2,242 (9) (566) - Impairment charge 1,110 534 43 - Finance cost 19,579 19,392 30,724 - Finance income (2,245)…
statement of cash flow 2019 GH¢’000 2018 GH¢’000 2017 GH¢’000 Cash flows from operating activities Profit before income tax 32,548 35,430 11,576 Adjustments for: - Depreciation 56,108 58,326 54,759 - Amortisation 1,185 971 563 - Loss/(profit) on disposal of property, plant and equipment 2,242 (9) (566) - Impairment charge 1,110 534 43 - Finance cost 19,579 19,392 30,724 - Finance income (2,245)…
Partial Balance Sheets as of December 31 2021 2020 Assets Cash Accounts receivable Inventory Liabilities Accounts payable $35,000 $15,500 65,500 35,000 80,000 30,500 $49,500 $57,000 Additional information for 2021: Net income was $83,000. Depreciation expense was $26,500. Required: Prepare the operating activities section of the statement of cash flows for 2021 u be deducted should be indicated with a minus sign.) Cash flows from operating activities: Adjustment for noncash effects: Changes in operating assets and liabilities:
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Current Attempt in Progress Lee Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5180000 $3979520. $5180000. $6380480. $5706480. 704480 159000 337000 Lee should report cash provided by operating activities of
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