{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-14T00:06:27-04:00", "answer_date": "2024-09-14 00:06:27", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10721163", "url": "\/study-help\/questions\/question-13-use-the-following-income-and-balance-sheet-information-10721163", "question_creation_date_js": "2024-09-14T00:06:27-04:00", "question_creation_date": "Sep 14, 2024 12:06 AM", "meta_title": "[Solved] QUESTION 13 Use the following income and | SolutionInn", "meta_description": "Answer of - QUESTION 13 Use the following income and balance sheet information to calculate net cash provided or used by the opera | SolutionInn", "meta_keywords": "question,13,income,balance,sheet,information,net,cash,provided,operating,activities,statement", "question_title_h1": "QUESTION 13 Use the following income and balance sheet information to calculate net cash provided or used by the operating activities. Income Statement for the", "question_title": "QUESTION 13 Use the following income and balance sheet information to calculate", "question_title_for_js_snippet": "QUESTION 13 Use the following income and balance sheet information to calculate net cash provided or used by the operating activities Income Statement for the year ended December 31, 2010 Net sales $ 620,000 Cost of goods sold (420,000) Gross profit 200,000 Less Operating expenses (65,000) Depreciation expense (50,000) Income from operations $ 85,000 Gain on sale of equip 60,000 Net income $ 145,000 Inventory Accounts receivable Prepaid insurance Accounts payable Dec 31, 2010 $ 50,000 90,000 6,000 35,000 Dec 31, 2009 $ 45,000 101,000 3,000 45,000 A $128,000 provided $195,000 provided $135,000 provided $142,000 provided", "question_description": "

\"image<\/p> QUESTION 13 Use the following income and balance sheet information to calculate net cash provided or used by the operating activities. Income Statement for the year ended December 31, 2010 Net sales $ 620,000 Cost of goods sold (420,000) Gross profit 200,000 Less: Operating expenses (65,000) Depreciation expense (50,000) Income from operations $ 85,000 Gain on sale of equip 60,000 Net income $ 145,000 Inventory Accounts receivable Prepaid insurance Accounts payable Dec 31, 2010 $ 50,000 90,000 6,000 35,000 Dec 31, 2009 $ 45,000 101,000 3,000 45,000 A $128,000 provided $195,000 provided $135,000 provided $142,000 provided", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-14 00:06:27", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/business-statistics-communicating-\/9-if-we-predict-that-there-will-be-a-difference-2009371", "description": "9. If we predict that there will be a difference between condition A and condition B, we have made: (a) A one-tailed prediction (b) A two-tailed prediction (c) A null prediction (d) Both (b) and (c)...", "stars": 0 }, { "url": "\/founded-in-1970-abc-is-one-of-the-worlds-largest", "description": "Founded in 1970, ABC is one of the worlds largest insurance companies with locations in 28 countries. Given the following description, flowchart the new policy setup process as it existed in 1970;...", "stars": 3 }, { "url": "\/study-help\/questions\/question-13-use-the-following-income-and-balance-sheet-information-10721163", "description": "QUESTION 13 Use the following income and balance sheet information to calculate net cash provided or used by the operating activities. Income Statement for the year ended December 31, 2010 Net sales...", "stars": 3 }, { "url": "\/study-help\/questions\/a-firm-has-200000-in-current-assets-400000-in-longterm-10161216", "description": "A firm has $200,000 in current assets, $400,000 in long-term assets, $80,000 in current liabilities, and $200,000 in long-term liabilities What is its net working capital? Multiple Choice $320,000...", "stars": 3 }, { "url": "\/study-help\/fundamental-accounting-\/as-of-may-31-2011-the-bank-statement-showed-an-1433910", "description": "As of May 31, 2011, the bank statement showed an ending balance of \\(\\$ 17,250\\). The unadjusted Cash account balance was \\(\\$ 16,450\\). The following information is available: 1. Deposit in transit,...", "stars": 3 }, { "url": "\/study-help\/economics-money-banking\/consider-an-economy-that-is-populated-by-many-identical-riskneutral-1375005", "description": "Consider an economy that is populated by many identical riskneutral banks so that we can pick up an arbitrary representative bank and investigate its behavior. The bank makes loans at time 0, and the...", "stars": 3 }, { "url": "\/study-help\/systems-analysis-and-design-12th\/describe-the-effect-of-a-series-or-shunt-input-connection-1416782", "description": "Describe the effect of a series or shunt input connection on the value of input resistance.", "stars": 3 }, { "url": "\/study-help\/systems-analysis-and-design-12th\/what-is-meant-by-the-term-matched-transistors-what-parameters-1417798", "description": "What is meant by the term matched transistors? What parameters in BJTs and MOSFETs are identical in matched devices?", "stars": 3 }, { "url": "\/study-help\/systems-analysis-and-design-12th\/what-is-one-cause-of-an-offset-voltage-in-the-1418535", "description": "What is one cause of an offset voltage in the input stage of a BJT op-amp?", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-10721162", "next": "\/study-help\/questions\/3-12-points-an-amortization-table-is-presented-below-for-10721164" }, "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": "QUESTION 13 Use the following income and balance sheet information to calculate", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/question-13-use-the-following-income-and-balance-sheet-information-10721163" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } }