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Exercise 12-6 Indirect: Cash flow from operations LO P2 Salud Company reports the following information. Use the indirect method to prepare only the operating activities
Exercise 12-6 Indirect: Cash flow from operations LO P2 Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2017. (Amounts to be deducted should be indicated with a minus sign.) $455, 000 Accounts receivable increase 86,000 Prepaid expenses decrease 23,300 Accounts payable increase $46,400 15,300 9,800 2,600 Gain on sale of machinery Cash flows from operating a Adjustments to reconcile net income to operating cash flow Prev 2 of 5 Ne > Help Save &Exit Chec Exercise 12-8 Cash flows from financing activities LO P3 a. Net income was $465,000. b. Issued common stock for $73,000 cash. c. Paid cash dividend of $16,000. d. Paid $105,000 cash to settle a note payable at its $105,000 maturity value. e. Paid $118,000 cash to acquire its treasury stock f. Purchased equipment for $87,000 cash. Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted sha indicated with a minus sign.) Exercise 12-10 Analyzing cash flow on total assets LO A1 A company reported average total assets of $247,000 in 2016 and $296,000 in 2017, lts net and $28,250 in 2017 Complete the below table to calculate its cash flow on total assets ratio for both years. Ch 2016 2017
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