Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the change in cash from operating activi

Calculate the change in cash from operating activities for 2021, given the following information (assume...

70.2K

Verified Solution

Question

Accounting

image
Calculate the change in cash from operating activities for 2021, given the following information (assume that the indirect method of cash flows is used): 2020 2021 Net Income $100,000 Depreciation expense $25,000 Gain on sales of fixed $15,000 assets Accounts Receivable $40,000 (current asset) Inventory (current asset) $30,000 Accounts Payable (current $55,000 Liability) $60,000 $20,000 $70,000 $120,000 increase from operating activities $105,000 increase from operating activities $150,000 increase from operating activities $80,000 increase from operating activities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Suppose that you have two mutually exclusive projects. A and B. Project A has cash flows...

General Management
1.2K views

BUSINESS LAW (critical thinking legal question) Proffesional products, inc. (PPI), bought three pallets of computer wafers...

Accounting
1.2K views

FASB has develop new accounting standards for accounting for leases. These new standards are not covered...

Physics
1.2K views

A block of cubic zirconia is placed in water. A laser beam is passed from...

Basic Math
1.2K views

begar elevatio closed on BM1231 elevation 418 60 The Plus and minus sights were kept...

Algebra
1.2K views

Suppose you have been given the following set of data representing the test scores of...

Accounting
1.2K views

Lower Ltd. incurred the following expenditures: Oil and filter change on delivery vehicle Repair to...

Accounting
1.2K views

Identifying and Recording Impairment Loss on Equipment Bolt Company purchased equipment on January 1...

Accounting
1.2K views

A machine that produces cellphone components is purchased on January 1,2024 for $147,000. It is...

Accounting
1.2K views

The adjusted trial balance of Marigold Wholesale Inc. contained the following accounts at December 31,...

Accounting
1.2K views

HomeStyle Company has estimated overhead costs of $35,700 for the month of September. Ordering costs...

Finance
1.2K views

Your grandfather purchased a $1,000 face-value bond 10 years ago. When he purchased the bond,...