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Dont do the last one Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals the following
Dont do the last one
Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals the following items Required: Select the section of the statement of cash flows in which each of these items would be reported: operating activitles (indirect method). Investing activities, financing activities, or a separate noncash activities note. Activities Items 1 Purchase of a patent 2 Depreciation expense 3 Decro in accounts receivable 4 Issuance of a note payable 5 incioase in wintory O Collection of socivable T Purchase of equipment Exchange of massets 0 Donnccounts par 10 Payment of dividends Wi-Fi, Inc., has the following selected transactions during the year. Required: Select the section of the statement of cash flows in which each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. Activities Transactions 1 Issues $20 million in bonds 2 Purchases equipment for $80.000 3. Pays a $20,000 account payable Collects a $15,000 account receivable 5 Exchanges and for low patent Boare valued at $300,000 0. Declares and pays a cash dividend of $100,000 Loans 550 000 to a customer accepting a nole receivable Pays 375,000 to uphoes for inventory L-Tech, Inc., reports net income of $70 million, Included in that number are depreciation expense of $6 million and a loss on the sale of equipment of $2 million Records reveal increases in accounts receivable, accounts payable, and inventory of $3 million, $4 million, and $5 million, respectively. What are Hi Tech's net cash flows from operating activities? (List cash outfiows and any decrease in cash as negative amounts. Enter your answers in millions (.e., $10,100,000 should be entered os 10.1).) HI-TECH, INC Statement of Cash Flows (partial) Castows from operating activities mants to reconcile net income to my cash flows from operating activities Engineering Wonders reports net income of $70 million. Included in that number is building depreciation expense of $6 million and a gain on the sale of land of $2 million Records reveal decreases in accounts recelvable accounts payable, and inventory of $3 million $A million, and $5 million, respectively, What are Engineering Wonders net cash flows from operating activities? (List cosh outflows and any decrease in cosh os negative amounts. Enter your answers in millions (.e., $10,100,000 should be entered as 10.1).) ENGINEERING WONDERS Statement of Cash Flows partial) Culottum pottigates is to conto come to not cash flows from operating activis hower e balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 . 2021 2020 $ 108,900 82,000 105,000 6,000 $ 126,800 97,000 89,000 3,000 Assets Current assets: sh Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities Hates payable Stockholders' equity: Common stock Petained earnings Total abilities and stockholders' equity 530, eee 880,000 (438,000) $1,223,900 530,000 720,000 (288,000) $1,277,800 $ $ 109,000 6,900 '10,000 94,000 13,800 6,800 115,000 230,000 750,000 233,000 $1,223,900 750,000 184,000 $1,277,800 Step by Step Solution
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