Question
1) Using the financial information provided for Honeywell, Inc. The net cash flow from Operating Activities using the Indirect Method is ___________. 2) Using the
1) Using the financial information provided for Honeywell, Inc. The net cash flow from Operating Activities using the Indirect Method is ___________.
2) Using the financial information provided for Honeywell, Inc. The cash collected from customers using the Direct Method is ___________.
3) Using the financial information provided for Honeywell, Inc. The cash paid for inventory using the Direct Method is ___________.
4) Using the financial information provided for Honeywell, Inc. The cash paid for operating expenses using the Direct Method is ___________.
5) Using the financial information provided for Honeywell, Inc. The cash paid for interest using the Direct Method is ___________.
6) Using the financial information provided for Honeywell, Inc. The cash paid for taxes using the Direct Method is ___________.
7) Using the financial information provided for Honeywell, Inc. The net cash flow from Investing Activities using the Indirect Method is ___________.
8) Using the financial information provided for Honeywell, Inc. The net cash flow from Financing Activities using the Indirect Method is ___________.
9) Using the financial information provided for Honeywell, Inc. The total net cash flow using the Indirect Method is ___________.
Honeywell, Inc Income Statement For the Year Ended December 31,2016 Sales Less: Cost of Goods Sold Gross Margin Operating Expenses Sales and Administrative Expenses $(506,250) Depreciation Expense Other Expenses Total Operating Expenses Operating Income \begin{tabular}{cc} 5 & 3,375,000 \\ $ & (2,227,500) \\ \hline$ & 1,147,500 \end{tabular} Other Revenue/Expenses Interest Revenue Rent Revenue Dividend Revenue Interest Expense (33,750) Total Other Revenue/Expenses Income before Taxes Income Taxes Net Income \begin{tabular}{cc} $ & (33,750) \\ $ & 506,250 \\ $ & (202,500) \\ \hline$ & 303,750 \end{tabular} Honeywell, lnc Statement of Retained Earnings For the Year Ended December 31, 2016 Beginning Retained Earnings Balance Add: Net Income Less: Dividends Ending Retained Earning Balance \begin{tabular}{cc} $ & 567,000 \\ $ & 303,750 \\ $ & (459,000) \\ \hline$ & 411,750 \end{tabular} Honeywell, ine Balance Sheet For the Year Ended December 31, 2015&2016 Current Assets LIAEILITIES AND STOCKHOLDERS'EQUITY LIAEILITIES Current Liabilities AccountsPayableSalary&WagePayableInterestPayable$$$$202,50033,75027,000263,250$$$8$276,750236,25020,25020,250 Long-term Liabilities Long-term Notes Payable \begin{tabular}{lll} $337,500 & $ & 405,000 \\ $337,500 & & 405,000 \\ \hline$600,750 & $ & 681,750 \end{tabular} Total Long-term Liabilities TOTALL LIABILITIES STOCKHOLDERS'EQUITY Common Stock Retained Earnings $$411,750742,500567,000675,000 TOTAL STOCKHOLDER'SEQUITY $1,154,2501,242,000 TOTAL LIABILITIES \& STOCKHOLDERS' EQUITY $1,755,000 $1,923,750Step by Step Solution
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