Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Metlock Landscaping reported a net loss of $15300 for the year ending December 31st, 2025. During the year, accounts receivable decreased by $2500, inventory
Metlock Landscaping reported a net loss of $15300 for the year ending December 31st, 2025. During the year, accounts receivable decreased by $2500, inventory increased by $20000, accounts payable increased by $30600, and a depreciation expense of $26400 was recorded. Using the data given, what happened to operating activities in 2025? Part 2- If $3000000 of bonds are issued during the year but $4800000 of previously issued bonds are returned during the year, what will the statement of cash flows show? Will it show a net increase or net loss? And will that net loss/increase be in retirement of bonds, or cash? Part 3- If Pina imports gains $91000 on a cash sale of a building having a book value of $672000, what is the total amount reported in the cash flows from the investing activities section of the statement of cash flows? Part 4- During 2025, Pharoah reported cash provided by operations of $985000, cash used in investing of $851000, and cash used in financing of $236000. In addition, cash spent on plant assets during the period was $342000. Average current liabilities were $806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharaohs free cash flow? Are they in the green or red?
Step by Step Solution
★★★★★
3.40 Rating (144 Votes )
There are 3 Steps involved in it
Step: 1
Analyzing Metlock Landscapings Operations Part 1 Operating Activities Heres what we can infer about Metlock Landscapings operating activities in 2025 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started