Question
Net Cash Flow from Operating Activities Hyde Company's records for 2019 provide the following information: a. amortization of premium on bonds payable, $500 h. gain
Net Cash Flow from Operating Activities
Hyde Company's records for 2019 provide the following information:
a. | amortization of premium on bonds payable, $500 | h. | gain on sale of land, $7,800 | |
b. | purchase of equipment, $6,000 | i. | increase in prepaid assets, $400 | |
c. | depreciation expense, $7,300 | j. | declaration and payment of cash dividends, | |
d. | decrease in accounts receivable, $700 | $1,800 | ||
e. | decrease in accounts payable, $2,900 | k. | increase in wages payable, $600 | |
f. | issuance of long-term note for cash, $4,200 | l. | patent amortization expense, $1,000 | |
g. | increase in inventories, $7,600 | m. | net income, $10,400 |
the operating activities section of the 2019 statement of cash flows for Hyde Company using the indirect method. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.
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HYDE COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, 2019 Operating Activities: Additional paid-in capitalCashNet incomeNet lossRetained earningsNet income
$Net income Adjustment for noncash income items: Add: Depreciation expenseAdd: Inventory expenseAdd: Net incomeLess: Depreciation expenseLess: Patent amortization expense
- Select - Add: Net incomeAdd: Patent amortization expenseLess: Depreciation expenseLess: InventoryLess: Patent amortization expense
- Select - Add: Bond premium amortizationAdd: Net incomeLess: Bond premium amortizationLess: Depreciation expenseLess: Patent amortization expense
- Select - Less: Decrease in accounts receivableLess: Decrease in inventoriesLess: Gain on sale of landLess: Increase in prepaid assetsLess: Loss on sale of land
- Select - Adjustments for cash flow effects from working capital items: Decrease in accounts receivableDecrease in inventoriesDecrease in wages payableIncrease in accounts receivableIncrease in dividends
- Select - Decrease in bond interestDecrease in inventoriesDecrease in wages payableIncrease in accounts receivableIncrease in inventories
- Select - Decrease in bond interestDecrease in inventoriesDecrease in wages payableIncrease in accounts receivableIncrease in prepaid assets
- Select - Decrease in accounts payableDecrease in wages payableIncrease in accounts payableIncrease in accounts receivableIncrease in dividends
- Select - Decrease in bond interestDecrease in prepaid assetsDecrease in wages payableIncrease in accounts receivableIncrease in wages payable
- Select - Net cash provided by operating activities $fill in the blank 21
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