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Can someone please explain how to get the numbers for example show me work on how to get the answers for net income depreciation etc
Can someone please explain how to get the numbers for example show me work on how to get the answers for net income depreciation etc etc it would be greatly appreciated I have a test on preparing cash flow indirect method. Thank you n842 PM The comparative balance sheet of Cromme Inc for December 31, 2016 and 2015, is shown as tollows Dec.31,2016 De.31,2015 Assets Cash 62536000 $585,92000 08.96000 1732000 0.00 40000.00 0.00 05,120.00 553,1200 (166,40000)(14800000) 2,36708000 $2057,12000 Accounts recevable (net) 227840 00 Inventories Investments 1 Land 32800000 Equipment 10 : 0tal assets Liabilities and Stockholders Equity 5424 48000$404,96000 52.64000 19,20000 100000.00 Accounts payable (merchandise creditor %) Accrued expenses payable Operating erpetses 42,24000 2400000 Dividends payablae sCommon stock, 54 par Paid-in capital: Excess of issue price over Retained earnings 427,50000 303,86000 1,200,320.00 36208000 $2057120.00 stock 2/1/19, 8:4 Statement of Cash Fioas Statement of Cash Flows For the Year Ended December 31, 2016 Cash flows from operating activities 199,54000 2 Net incone Adjustments to reconcile net income to net cash tow from operating activities 4 Depreciation s Gain on sale of investments 18,40000 (4000000 Changes in cument operating assets and liabiities: Increase in accounts receivable Increase in accounts paryable (18,88000) 19520.00 2464000) (10,400.00 9 ncrease in inventories 0 Dearease in accrued expenses payable 11 Net cash flow from operating activities $14354000 11 Cash flows from investing activities: 14 Cash received from sale of investments ts Less: Cash paid for purchase of land 280,000.00 $2 8000 15200000 s Less:Cash paid for purdhase of equipment Net cash flow used for investing activities (20000000) Cash flows from financing activities $18750000 91,20000 Cash nreceived from sale of common stock lesash paid for dividends
Can someone please explain how to get the numbers for example show me work on how to get the answers for net income depreciation etc etc it would be greatly appreciated I have a test on preparing cash flow indirect method. Thank you
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