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1 Nov 2018
25. Consider the following information: Net income $20,000 Depreciation 3,000 Increase (decrease) in accounts receivable 1,000 Increase (decrease) in prepaid rent (400) Increase (decrease) in accrued liabilities 900 Cash paid to purchase office equipment 4,000 The company would report a net cash inflow from operating activities of: A. $17,500. B. $18,500. C. $21,500. D. $23,300.
25. Consider the following information: Net income $20,000 Depreciation 3,000 Increase (decrease) in accounts receivable 1,000 Increase (decrease) in prepaid rent (400) Increase (decrease) in accrued liabilities 900 Cash paid to purchase office equipment 4,000 The company would report a net cash inflow from operating activities of: A. $17,500. B. $18,500. C. $21,500. D. $23,300.
Nelly StrackeLv2
3 Nov 2018
Related questions
| a. Using theinformation for the Seville Corporation above, calculation the cashflow from operating activities. | |
| b. Using the information forthe Seville Corporation above, calculation the cash flow frominvesting activities. | |
| c. Using the information for the SevilleCorporation above, calculation the cash flow from financingactivities. | |
| Accounts payable increase | 9,000 |
| Accounts receivable increase | 4,000 |
| Accrued liabilities decrease | 3,000 |
| Amortization expenses | 6,000 |
| Cash balance Jan 1 | 22,000 |
| Cash balance Dec 31 | 1,500 |
| Cash paid as dividends | 2,900 |
| Cash paid to purchase land | 90,000 |
| Cash paid to retire bonds payable atpar | 60,000 |
| Cash received from issurance of commonstock | 35,000 |
| Cash received from sale equipment | 17,000 |
| Depreciation expenes | 29,000 |
| Gain on sale of equipment inventorydecreases | 4,000 |
| Inventory decrease | 13,000 |
| Net Income | 76,000 |
| Prepaid expenses increase | 2,000 |
