Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please choose from the box below the options!!! first box option in cash flow statement second box options in cash flow statement third box option

image text in transcribed
image text in transcribed
please choose from the box below the options!!!
first box option in cash flow statement
image text in transcribed
second box options in cash flow statement
image text in transcribed
third box option in cash flow statement
image text in transcribed
4th, 5th and 6th box option in cash flow statement
image text in transcribed
last box option in cash flow statement
image text in transcribed
WILDHORSE LTD. Income Statement Year Ended December 31, 2021 Sales $729,960 377,300 Cost of goods sold Gross profit 352,660 $238,700 Operating expenses Depreciation expense 38,500 (7.700) 269,500 Gain on sale of equipment Profit before income tax 83,160 Income tax expense 23.100 Profit $60,060 Changes in current assets and current liabilities were as follows: Accounts receivable $27.720 decrease Inventory 14,630 increase Prepaid expenses 1,540 increase Accounts payable 9,240 decrease Dividends payable 3,850 decrease Income taxes payable 3,080 decrease WILDHORSE LTD. Cash Flow Statement (Partial) Cash at Beginning of Period Cash at End of Period Financing Activities Investing Activities Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used in Financing Activities Net Cash Used in Investing Activities Net Cash Used in Operating Activities Net Decrease in Cash Net Increase in Cash Cash Payments Increase in Accounts Receivable Decrease in Income Taxes Payable Depreciation Expense Decrease in Accounts Receivable To Suppliers Increase in Accounts Payable Increase in Income Taxes Payable Decrease in Accounts Payable Net Income Loss on Sale of Equipment For Income Taxes For Operating Expenses Cash Receipts from Customers Cash at Beginning of Period Cash at End of Period Financing Activities Investing Activities Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used in Financing Activities Net Cash Used in Investing Activities Net Cash Used in Operating Activities Net Decrease in Cash Net Increase in Cash Cash Payments Depreciation Expense Decrease in Income Taxes Payable Cash Receipts from Customers Net Income Decrease in Accounts Payable Decrease in Accounts Receivable Increase in Accounts Receivable Increase in Accounts Payable For Income Taxes To Suppliers Increase in Income Taxes Payable For Operating Expenses Loss on Sale of Equipment Cash at Beginning of Period Cash at End of Period Financing Activities Investing Activities Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used in Financing Activities Net Cash Used in Investing Activities Net Cash Used in Operating Activities Net Decrease in Cash Net Increase in Cash Cash Payments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Accounting questions

Question

Am I buying this in an attempt to satisfy a psychological need?

Answered: 1 week ago