{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-24T12:03:58-04:00", "answer_date": "2024-05-24 12:03:58", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1627634", "url": "\/study-help\/questions\/print-item-chapter-16-1-ex1601-2-ex-1602-3-1627634", "question_creation_date_js": "2024-05-24T12:03:58-04:00", "question_creation_date": "May 24, 2024 12:03 PM", "meta_title": "[Solved] Print Item Chapter 16 1. EX.16.01 2. EX. | SolutionInn", "meta_description": "Answer of - Print Item Chapter 16 1. EX.16.01 2. EX. 16.02 3. EX.16.03 4. EX.16.04 eBook Show Me How Cash Flows from (Used for) Op | SolutionInn", "meta_keywords": "print,item,chapter,16,1,.16.01,2,16.02,3,.16.03,4,.16.04", "question_title_h1": " Print Item Chapter 16 1. EX.16.01 2. EX. 16.02 3. EX.16.03 4. EX.16.04 eBook Show Me How Cash Flows from (Used for) Operating Activities", "question_title": " Print Item Chapter 16 1. EX.16.01 2. EX. 16.02 3. EX.16.03", "question_title_for_js_snippet": "Print Item Chapter 16 1 EX 16 01 2 EX 16 02 3 EX 16 03 4 EX 16 04 eBook Show Me How Cash Flows from (Used for) Operating Activities The income statement disclosed the following items for the year Depreciation expense Gain on disposal of equipment Net income $46,200 26,950 317,500 The changes in the current asset and liability accounts for the year are as follows 5 EX 16 07 ALGO 6 EX 16 09 EXCEL ALGO 7 EX 16 14 ALGO 8 EX 16 17 BLANKSHEET AL 9 EX 16 16 ALGO Increase (Decrease) Accounts receivable $7,200 Inventory (4,100) Prepaid insurance (1,540) Accounts payable (4,880) 1,540 1,080 10 EX 16 13 ALGO 11 EX 16 15 ALGO 12 PR 16 03 BLANKSHEET A Income taxes payable Dividends payable a Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Statement of Cash Flows (partial) 13 PR 16 01A BLANKSHEET Cash flows from (used for) operating activities Adjustments to reconcile net income to net cash flows from (used for) operating activities Changes in current operating assets and liabilities Net cash flows from operating activities b Why is net cash flows from operating activities different than net income Cash flows from operating activities is based on Progress 5 13 items Check My Work 3 more Check My Work uses remaining Assignment Score 38 46 of accounting, whereas net income is computed using of accounting Previous Next All work saved Save and Exit Submit Assignment for Grading", "question_description": "\"image", "transcribed_text": "Print Item Chapter 16 1. EX.16.01 2. EX. 16.02 3. EX.16.03 4. EX.16.04 eBook Show Me How Cash Flows from (Used for) Operating Activities The income statement disclosed the following items for the year: Depreciation expense Gain on disposal of equipment Net income $46,200 26,950 317,500 The changes in the current asset and liability accounts for the year are as follows: 5. EX.16.07.ALGO 6. EX.16.09.EXCEL.ALGO 7. EX.16.14.ALGO 8. EX. 16.17.BLANKSHEET.AL... 9. EX. 16.16.ALGO Increase (Decrease) Accounts receivable $7,200 Inventory (4,100) Prepaid insurance (1,540) Accounts payable (4,880) 1,540 1,080 10. EX.16.13.ALGO 11. EX.16.15.ALGO 12. PR.16.03.BLANKSHEET.A.. Income taxes payable Dividends payable a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) 13. PR.16.01A.BLANKSHEET Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities b. Why is net cash flows from operating activities different than net income? Cash flows from operating activities is based on Progress: 5\/13 items Check My Work 3 more Check My Work uses remaining. Assignment Score: 38.46% of accounting, whereas net income is computed using of accounting. Previous Next > All work saved. Save and Exit Submit Assignment for Grading", "related_book": { "title": "Managerial Accounting", "isbn": "978-0073379616, 73379611, 978-0697789938", "edition": "13th Edition", "authors": "Ray H. Garrison, Eric W. Noreen, Peter C. Brewer", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/25.jpg", "uri": "\/textbooks\/managerial-accounting-13th-edition-25", "see_more_uri": "" }, "free_related_book": { "isbn": "0197680763", "uri": "\/textbooks\/the-economics-of-accounting-1st-edition-9780197680766-391195", "name": "The Economics Of Accounting", "edition": "1st Edition" }, "question_posted": "2024-05-24 12:03:58", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/management-fundamentals-concepts\/what-characteristics-do-you-think-jamie-oliver-has-that-have", "description": "What characteristics do you think Jamie Oliver has that have helped make his various enterprises a success?", "stars": 3 }, { "url": "\/suppose-a-relationship-between-two-variables-is-found-to-be", "description": "Suppose a relationship between two variables is found to be statistically significant. Explain whether each of the following is true in that case: a. There is definitely a relationship between the...", "stars": 3 }, { "url": "\/study-help\/introduction-mechanical-engineering\/during-processing-in-a-steel-mill-a-750lb-steel-casting-833185", "description": "During processing in a steel mill, a 750-lb steel casting at 800F is quenched by plunging it into a 500-gal oil bath, which is initially at a temperature of 100F. After the casting cools and the oil...", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/678-filling-pop-cups-a-pop-machine-can-be-regu-1983222", "description": "6.78 Filling Pop Cups A pop machine can be regu- lated to discharge an average of millilitres per cup. If the millilitres of fill are normally distributed, with stan- dard deviation equal to 10 mL,...", "stars": 3 }, { "url": "\/western-corp-produces-two-products-cigars-and-chewing-tobacco-from", "description": "Western, Corp., produces two products, cigars and chewing tobacco, from a joint process involving the processing of tobacco leaves. Joint costs are $60,000 for this process, and yield 2,000 pounds of...", "stars": 3 }, { "url": "\/study-help\/questions\/bottom-of-form-building-a-simple-dice-game-in-python-9753606", "description": "Bottom of Form Building a Simple Dice Game in Python: To learn more about how Python works and prepare for more advanced programming with graphics, let's focus on game logic. In this tutorial, you'll...", "stars": 3 }, { "url": "\/study-help\/questions\/1-which-of-the-financial-statements-would-not-be-used-1864142", "description": "1. Which of the financial statements would not be used when analyzing equity information for a company? a. Income Statement b. Balance Sheet c. Statement of Stockholder's Equity d. Cash Flow...", "stars": 3 }, { "url": "\/study-help\/questions\/fresh-groceries-is-a-chain-of-supermarkets-in-victoria-australia-1000028", "description": "Fresh Groceries is a chain of supermarkets in Victoria, Australia. The vision of this company is to cater for the various groceries, fresh produce, and deli needs of the Victorian population. To do...", "stars": 3 }, { "url": "\/study-help\/questions\/fashionvalet-a-homegrown-ecommerce-platform-in-malaysia-recently-caused-a-1004573", "description": "FashionValet, a homegrown ecommerce platform in Malaysia, recently caused a stir with the announcement that it will be shutting down. The statement on its website read: \"As they say, all good things...", "stars": 3 }, { "url": "\/study-help\/questions\/1-what-is-the-oneyear-real-rate-of-return-in-1001305", "description": "1. What is the one-year real rate of return (in %) if you invested in a diversified portfolio of common stocks which produced a 11.45 % nominal return and the rate of inflation for the year was...", "stars": 3 }, { "url": "\/study-help\/questions\/zenny-40-mm-d-calculate-the-power-of-the-given-1004268", "description": "ZENNY 40 mm (d) Calculate the power of the given gearset 80 mm Normal module m = 3mm Normal pressure angle n = 20 Helix angle Y = 25 Face width (2\/3) b = 45mm Number of teeth N = 20 3 = 36 Quality...", "stars": 3 }, { "url": "\/study-help\/questions\/argyle-industrial-has-the-following-information-for-last-year-feet-1001735", "description": "Argyle Industrial has the following information for last year. Feet of metal input Labor hours Tons of output produced What is the partial productivity for metal? 235,000 24,000 15,000", "stars": 3 }, { "url": "\/study-help\/questions\/award-5-0-0-points-kendall-corporation-has-no-8525109", "description": "Award: 5 . 0 0 points Kendall Corporation has no debt but can borrow at 5 . 7 5 percent. The firm's WACC is currently 1 0 percent, and there is no corporate tax. a . What is the company's cost of...", "stars": 3 }, { "url": "\/study-help\/the-science-and-engineering-of-materials\/calculate-the-electrical-conductivity-of-a-fiberreinforced-polyethylene-part-that", "description": "Calculate the electrical conductivity of a fiber-reinforced polyethylene part that is reinforced with 20 vol % of continuous, aligned nickel fibers.", "stars": 3 }, { "url": "\/study-help\/international-financial-management\/the-disclosures-with-respect-to-inventory-are-shown-for-two-1729090", "description": "The disclosures with respect to inventory are shown for two companies. They were extracted from Note 1 of the financial statements describing accounting policies. Company A At balance date, all...", "stars": 3 }, { "url": "\/study-help\/international-financial-management\/analyse-various-possible-inventory-costing-policies-yang-ltd-has-been-1729089", "description": "Analyse various possible inventory costing policies Yang Ltd has been in business for three years and pays income tax at 30 per cent. The company manages its inventories well, so there are no...", "stars": 3 }, { "url": "\/study-help\/international-financial-management\/inventory-cost-and-market-calculations-winedark-sea-ltd-sells-prints-1729088", "description": "Inventory cost and market calculations Winedark Sea Ltd sells prints of classic paintings. The prints are done on expensive paper and are quite costly. Pricing the prints to sell is hard because the...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/true-or-false-with-brief-explanation-why-an-mnc-may-1627633", "next": "\/study-help\/questions\/chapter-8-coffeemania-a-coffee-chain-its-real-has-stockshares-1627635" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Print Item Chapter 16 1. EX.16.01 2. EX. 16.02 3. EX.16.03", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/print-item-chapter-16-1-ex1601-2-ex-1602-3-1627634" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } "1" } }