From the following information for Ali Company financial data: 2020 2019 Cash 23500...
50.1K
Verified Solution
Link Copied!
Question
Finance
From the following information for Ali Company financial data:
2020 2019
Cash 23500 37500
Cash received from sale of equipment 20000 30000
Inventories 71007 86026
Prepaid expenses 14271 17985
Cash paid for dividends 20000 45000
Accounts payable 80581 71086
Salaries Payable 25049 18935
sales 500000 700000
Depreciation expense 23292 30000
Net Income 180644 130000
Required: prepare the Cash Flows from Operating Activities section of the Statement of Cash Flows for 2020.
From the following information for Ali Company financial data:
2020 2019
Cash 23500 37500
Cash received from sale of equipment 20000 30000
Inventories 71007 86026
Prepaid expenses 14271 17985
Cash paid for dividends 20000 45000
Accounts payable 80581 71086
Salaries Payable 25049 18935
sales 500000 700000
Depreciation expense 23292 30000
Net Income 180644 130000
Required: prepare the Cash Flows from Operating Activities section of the Statement of Cash Flows for 2020.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.