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Hasbro had the following comparative balance sheet information for 2015 and 2016: The company reported net income for 2016 of $40,000. Hasbro paid cash dividends
Hasbro had the following comparative balance sheet information for 2015 and 2016: The company reported net income for 2016 of $40,000. Hasbro paid cash dividends during 2016. 48. The amount of net cash flow from operating activities for 2016 was Cash Accounts receivable Inventory Prepaid insurance Property plant & equipment Accumilated depreciation Total 2016 88.000 $ 48.000 56.000 32.000 88.000 04.000 288.000 $ 2015 65,000 31,000 68,000 42,000 65,000 (18.000 253,000 a. $38,000. b. $42,000. c. $58,000. d. $34,000. Accounts payable Salaries pavable Long-term notes payable Common stock Retained earnings Total 80,000 $ 56,000 40.000 72.000 40.000 288,000 S 65,000 64,000 47,000 49,000 28,000 253,000 49. The amount of net cash flow from investing activities for 2016 was a. $(23,000). b. $(6,000). c. $23,000. d. $6,000 Cash Flows from Operating Activities Net income Adiustments to reconcile net income to net cash flow from operating activities: Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaidinsurance Increase in accounts payable Decrease in salaries payable Cash inflow from operating activities 50. The amount of net cash flow from financing activities for 2016 was Cash Flows from Investing Activities Cash outflow to purchase property, plant & equipment a. $(8,000). b. $(12,000). c. $(16,000). d. $2,000 Cash Flows from Financing Activities Cash inflow from issuing common stock Cash outflow for payment of long-term gotes payable Cash outflow for payment of dividends Net cash outflow for inancing activities
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