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Please help me with this homework. I am very lost. Here is background on the problem: A eees A mazaaas s Shar Dubey Match Group
Please help me with this homework. I am very lost.
Here is background on the problem:
A eees A mazaaas s Shar Dubey \"Match Group is an American internet and technology company headquartered in Dallas, Texas. It owns and operates the largest global portfolio of popular online dating services including Tinder, Match.com, Meetic, OkCupid, Hinge, Plenty of Fish, OurTime, and other dating global brands. The company was owned by IAC until July 2020 when Match Group was spun off as a separate, public company. As of 2022, the company had 16 million subscribers, of which 8.0 million were in the Americas, 4.5 million were in Europe and 3.5 million were in the rest of the world.\" Wikipedia *\"Our mission is to spark meaningful connections for every single person worldwide.\" Except as noted otherwise, all numbers are in millions. The tax rate is 25%. Watch the time! Some of the later questions are easier than earlier questions, so make sure you get through the whole exam. 1 STATEMENT OF CASH FLOWS (1) Net Income @ (3) Gain or Loss on Sale of Prop., Plant & Equip. Changes in Working Capital: @ (5) Inventory (6) Compensation Payable (7) Accrued Liab. (8) Deferred Revenue Cash From Operations (9) Purchases of Prop., Plant & Equip. (10) Proceeds from Sale of Prop., Plant & Equip. Cash from Investing (11) Issuance or Payment of Debt (12) Issuance or Repurchase of Stock (13) Dividends Cash from Financing Change in Cash MATCH GROUP Balance Sheet Cash Inventory Total Current Assets Property and equipment, cost Accumulate Property and equipment, net Other assets Total assets Current portion of long term debt Compensation payable & accrued liab. Deferred revenue Long term debt Total liabilities Contributed capital Retained earnings Treas stock Total equity and liabilities 2023 2022 $ 900 $ 500 $ 400 200 $ 100 200 $ 1,400 900 5000 4200 S (2000) (1,400) $ 3000 2,800 $ 700 700 $ 5,100 $ 4,400 . 400 $ 200 300 $ 200 100 $ 1,600 1,000 $ 2,100 1900 $ 4,100 3,700 9200 $ 9,200 (7.600) (8,000) $ (600) (500) $ 1,000 700 $ 5,100 $ 4,400 400 200 (100) 800 (600) 200 (400) (100) 100 600 200 400 (100) Income Statement Customer revenue Advertising revenue Total revenue Marketing expense Compensation expense Depreciation expense Gain on Sale of PP&E Interest expense Pretax Income Income tax jexpense 2023 $ 3,400 900 4,300 (1,200) (1,500) (800) 800 100 (100) 800 (200) 600 B. The Statement of Cash Flows from the previous question has line numbers 1-13 in the first column. Assume everything else was the same, but Match recorded the following additional transactions during 2023. What effect would each have on specific lines on the 2023 Statement of Cash Flows? There may be more than one line affected. Your answer should include the number of the specific lines affected as well as the amount and direction of the effect. Assume there are no tax effects. (11 points) To answer the question, enter the line number in parentheses, followed by one blank, followed by a number preceded by a + or - with no space between the number and the + or -. Please list the lines in the order they appear on the Statement of Cash Flows. Note that Net Income is a line on the Statement of Cash Flows. Example: If the problem said, "During 2023, Match issued debt for $100,\" the answer would be: (11) +100 None since the only line affected was, (11) Issuance or Payment of Debt, and the amount was +100. Example: If the problem said, "During 2023, Match received $100 in cash for a subscription that ran during 2023,\" and provided one line, the answer would be: (1) +100 since the line affected was "(1) Net Income" and the amount was "+100"Step by Step Solution
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