Examine the statement of cash flows of Mirror, Inc. Suppose Mirrors operating activities provided, rather than used,
Question:
Suppose Mirrors operating activities provided, rather than used, cash. Identify three things under the indirect method that could cause operating cash flows to bepositive.
Transcribed Image Text:
Mirror, Inc. Consolidated Statement of Cash Flows (Adapted, In millions) Year Ended December 31, 2012 Cash flows from operating activities: Net income S 786 Adjustment to reconcile net income to net cash used in operating activities: Depreciation and amortization Change in assets and liabilities, net of acquired businesses Accounts receivable Other current assets Accounts payable Accrued expenses and other liabilities Unearned revenue Income taxes payable Other, net Net cash used in operating activities (470) (160) (78) (238) 25 (266) 26 (153) Cash flows from investing activities: Purchase of property and equipment Purchase of investments Sale of investments Acquisitions of other companies S (1,593) (21,282) 19,286 (363) Net cash used in investing activities (3,952) Cash flows from financing activities: Proceeds from the issuance of common stock, net Other, net $ 835 Net cash provided by financing activities Other, net 1,213 18 (2,874) 4,155 S 1,281 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (21 reviews)
Three things that could cause operating cash flows to be posit...View the full answer
Answered By
John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
4.70+
31+ Reviews
77+ Question Solved
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
Question Posted:
Students also viewed these Managerial Accounting questions
-
Examine the statement of cash flows of Clock, Inc. Suppose Clocks operating activities provided, rather than used, cash. Identify three things under the indirect method that could cause operating...
-
Under U.S. GAAP the statement of cash flows classifies cash expenditures for interest on debt as an operating activity but classifies cash expenditures for dividends to shareholders as a financing...
-
Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense on debt as an operating activity but classifies cash expenditures for dividends to shareholders as a...
-
Why is it helpful to understand leadership as a theory while managing a healthcare-orientated organization? Justify your stance using two examples. What factors do you think should appear in a model...
-
What are the features of a 2k factorial experiment? What are the features of a 2k-2 fractional factorial experiment, and how is it constructed?
-
19. JUULI 1 E3.8 (LO 2), C This information relates to McCall Real Estate Agency Oct. Stockholders invest $30,000 in exchange for common stock of the corporation. 2 Hires an administrative assistant...
-
Acompany buys a machine for $180,000 that has an expected life of nine years and no salvage value. The company expects an annual net income (after taxes of 30%) of $8,550. What is the accounting rate...
-
Sales for J. P. Hulett Inc. during the past year amounted to $4 million. Gross profits totaled $1 million, and operating and depreciation expenses were $500,000 and $350,000, respectively. Dividend...
-
Alberta Inc. is considering investing in two projects, each of which has an initial investment requirement of \( \$ 100,000 \). Both A and B are "normal" risk for the company. A has a net present...
-
A Whitworth quick return motion mechanism, as shown in Fig. 5.38, has the following particulars : 5. A -Stroke length B/2 B/2 P R2 R1 P2 A1 D A2 Line of stroke Fig. 5.38 Time of cutting stroke = 2...
-
Bryant, Inc., has experienced an unbroken string of nine years of growth in net income. Nevertheless, the company is facing bankruptcy. Creditors are calling all of Bryants loans for immediate...
-
Top managers of Harmony Inns are reviewing company performance for 2012. The income statement reports a 20% increase in net income over 2011. However, most of the increase resulted from a gain on...
-
Suppose Northern Adventures rents stand-up paddleboards to tourists. The com purchased a storage building for the boards for \(\$ 200,000\) and financed the pur with a loan of \(\$ 150,000\) and an...
-
Q1. (a) Name the types of reactions that organic compounds undergo (b) Differentiate between (i) electrophile and nucleophile
-
CH4 Br, Ligtht Q2. (a) CH3Br + HBr Propose a mechanism for the reaction; indicating initiation, propagation and termination.
-
Q4. Complete the following reactions by drawing the structure(s) of the product(s) formed.
-
1. Why did the Iconoclast emperors believe that using images in worship was wrong? 2. How are recent examples of iconoclasm similar to those of the early medieval period? 3. Why is iconoclasm a...
-
1. Difference Between Essential and Non-Essential Nutrients 2. what is Conditionally Essential Nutrients? explain with examples
-
Identify two required deductions and four optional deductions from employee paychecks.
-
Integration is a vital concept when applied in one?s life. Integrating your life means making ideal choices. Perfect choices on the other go in line with quality decisions. Quality decisions lead to...
-
Lets look at an example of a project with a 3-year life and a required rate of return of 10 percent, assuming the following cash flows are associated with it: Determine the MIRR of the project....
-
Prepare a journal entry on May 29 for cash received for services rendered, $5,000.
-
Prepare a journal entry on December 22 for the payment of dividends of $10,000.
-
Prepare a journal entry on February 3 for the payment of dividends of $7,500.
-
Compute the value of ordinary bonds under the following circumstances assuming that the coupon rate is 0.06:(either the correct formula(s) or the correct key strokes must be shown here to receive...
-
A tax-exempt municipal bond has a yield to maturity of 3.92%. An investor, who has a marginal tax rate of 40.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to...
-
Please note, kindly no handwriting. Q. Suppose a 3 year bond with a 6% coupon rate that was purchased for $760 and had a promised yield of 8%. Suppose that interest rates increased and the price of...
Study smarter with the SolutionInn App