Question
I have 8 questions I need help with. 1.Identify five items that are adjustments to convert net income to net cash provided by operating activities
I have 8 questions I need help with.
1.Identify five items that are adjustments to convert net income to net cash provided by operating activities under the indirect method.
2.Molino Inc. reported sales revenue of $2 million for 2017. Accounts receivable decreased $200,000 and accounts payable increased $300,000. Compute cash receipts from customers, assuming that the receivable and payable transactions related to operations.
3.Hinck Corporation reported net cash provided by operating activities of $363,400, net cash used by investing activities of $152,300 (including cash spent for capital assets of $207,600), and net cash provided by financing activities of $80,900. Dividends of $128,000 were paid.
4.SupposeColumbia Sportswear Companyhad accounts receivable of $206,024,000 at the beginning of a recent year, and $267,653,000 at year-end. Sales revenue was $1,095,307,000 for the year.
5.Suppose a recent income statement forMcDonalds Corporationshows cost of goods sold $4,852.7 million and operating expenses (including depreciation expense of $1,201 million) $10,671.5 million. The comparative balance sheet for the year shows that inventory increased $18.1 million, prepaid expenses increased $56.3 million, accounts payable (merchandise suppliers) increased $136.9 million, and accrued expenses payable increased $160.9 million.
6.The 2017 accounting records of Blocker Transport reveal these transactions and events.
7.Zumbrunn Companys income statement contained the condensed information below.
8.The following are the financial statements of Nosker Company.
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