Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Old MathJax webview The accounting records of Central Distributors, Inc., reveal the following: 3(Click the icon to view the data table.) Required Compute cash flows
Old MathJax webview
The accounting records of Central Distributors, Inc., reveal the following: 3(Click the icon to view the data table.) Required Compute cash flows from operating activities by the indirect method. Also evaluate the operating cash flow of Central Distributors. Give the reason for your evaluation Begin by completing the cash flows from operating activities (Round your answers to the nearest whole number. Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities Net cash provided by (used for) operating activities Evaluate the operating cash flow of Central Distributors. Give the reason for your evaluation Operating cash flow is as shown by the cash flows from operating activities. Usually, net cash provided by operations is Data Table Net income $ 6,676 46,732 Depreciation. 7,900 Decrease in current liabilities Collection of dividend revenue 27,817 Payment of interest 13,352 Increase in current assets Sales revenue 341,592 other than cash 32,268 Gain on sale of land 28.930 Payment of dividends 8,568 Acquisition of land 38,944 Payment of income tax 15,577 The accounting records of Central Distributors, Inc., reveal the following B (Click the icon to view the data table.) Required Compute cash flows from operating activities by the indirect method. Also evaluate the operating cash flow of Central Distributors. Give the reason for your evaluation Begin by completing the cash flows from operating activities (Round your answers to the nearest whole number. Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities. Net cash provided by used for) operating activities Evaluate the operating cash flow of Central Distributors. Give the reason for your evaluation Operating cash flow is as shown by the cash flows from operating activities. Usually, net cash provided by operations is Data Table Net income $ 46,732 Depreciation 6.676 Collection of dividend revenue 7,900 Decrease in current liabilities 27.817 Payment of interest 13,352 Increase in current assets Sales revenue 341,592 other than cash 32,268 Gain on sale of land 28,930 Payment of dividends 38,944 Payment of income tax 8,568 15 577 Acquisition of land
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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