Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash provided by operations options are - (a) net income / (b) net loss ? Noncash expenses options are - (A) additions to long term

image text in transcribed

Cash provided by operations options are - (a) net income / (b) net loss ?

Noncash expenses options are - (A) additions to long term debt- (B)add. to notes payable-(C)cash provided by disposal of property,plant,equipment-(D)cash used for additions to property,plant and equipment ?

Changes in working capital options are - (A) additions to long term debt- (B)add. to notes payable-(C)cash provided by disposal of property,plant,equipment-(D)cash used for additions to property,plant and equipment ?

Total change in working capital options are - (A)cash provided by operations - (B) cash used for operations

Cash flows froms investments options are - (A) additions to long term debt- (B)add. to notes payable-(C)cash provided by disposal of property,plant,equipment-(D)cash used for additions to property,plant and equipment ?

Cash flows from financing activities options are - (A) additions to long term debt- (B)add. to notes payable-(C)cash provided by disposal of property,plant,equipment-(D)cash used for additions to property,plant and equipment ?

The table below contains data on Fincorp Inc. The balance sheet tems correspond to values at year-end 2015 and 2016while the Income statement tems correspond to revenues or expenses during the year ending In elther 2015 or 2016. All values are In thousands of dollars. $4,808 $4,908 1,988 2,880 Cost of goods sold Depreciation Inventories Adninistrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable 538 308 478 318 580 308 308 475 5,408 6,268 2,588 2,888 480 Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 850 500 866 500 488 Taxes are pald In thelr entirety In the year that the tax obligation is Incurred. T Net fixed assets are fixed assets net of accumulated depreclation since the asset was Installed. Construct a statement of cash flows for Fincorp for 2016. (Negative amounts should be Indicated by a minus sign.) Fincorp Inc. Statement of cash flows S in 000s) Cash provided by operations Noncash expenses Changes in working capital Total change in working capital Cash flows from investments Cash flows from financing activities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions