Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the current sections of kingbird marine inc!'s bal

The current sections of Kingbird Marine Inc!'s balance sheets at December 31,2024 and 2025are presented...

70.2K

Verified Solution

Question

Accounting

The current sections of Kingbird Marine Inc!'s balance sheets at December 31,2024 and 2025are presented here.Kingbird Marine's net income for 2025 was $207,000. Depreciation expense was $34,500.2025Current assetsCash$147,000Accounts receivable93,400Inventory165,900Prepaid insurance27,200Total current assets$433,500Current liabilitiesInterest payable$11,100Accounts payable82,5002024$98,50088,000177,10020,600$384,200$8,00094,800$102,800Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31,2025 using the indirect method. (Show amounts that decrease cash flow with eithera - sign e.g.-15,000 or in parenthesis e.g.(15,000).)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The formula for the standard deviation of a sample is S X X n 1...

Statistics
Q

Is the following map linear? a) F(x1,x2,x3)=(0,0) b) L:R2→R2 defined by L(x1,x2)=(3x1−2x2,x2) c) f:R→R defined by f(x)=2x

Basic Math
Q

What is the structure of memory and the capacity and duration of each part?

Psychology
Q

List the high-level benefits of programming languages and identify the particular language(s) which are most closely associated...

Mechanical Engineering
Q

Proposal #1 would extend trade credit to some customers that previously have been denied credit because...

Accounting
Q

6 a A three phase 400 V 50 Hz a c supply is feeding a...

Physics
Q

Two coherent light sources each of wavelength A are separated by distance 3A The total...

Physics
Q

2 A combination of inverters is shown in Figure 3 77 Q If a HIGH...

Basic Math
Q

The rate R that a certain disease spreads is proportional to the number of infected...

Basic Math
Q

If a portfolio had a return of 17%, the risk-free asset return was 6%, and...

Accounting
Q

Suppose Presented below is 2022 information for for PepsiCo, Inc. and The Coca-Cola Company. Compute...

Accounting
Q

A corporation issues $26,000,000 of 9% bonds to yield interest at the rate of 7%...

Accounting