Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Micro Manufacturing reports net income of $850,000 Depreciation Expense is $60,000, Accoun...

Micro Manufacturing reports net income of $850,000 Depreciation Expense is $60,000, Accounts Receivable increases $30,000 and Accounts Payable decreases $10,000

Micro Manufacturing reports net income of $850,000. Depreciation Expense is $60,000, Accounts Receivable increases $30,000 and Accounts Payable decreases $10,000. Calculate net cash flows from operating activities using the indirect method.

 

 

132. Fidelity Systems reports net income of $80 million. Included in that number is depreciation expense of $8 million, and a gain on the sale of equipment of $1 million. Records reveal increases in Accounts Receivable, Inventory, and Accounts Payable of $4 million, $3 million, and $2 million, respectively. Calculate Fidelity’s net cash flows from operating activities using the indirect method.

 

 

 

133. Alpha Computers reports net income of $44 million. Included in that number are depreciation expense of $7 million and a loss on the sale of land of $2 million. Records reveal decreases in Accounts Receivable, Inventory, and Accounts Payable of $4 million, $3 million, and $2 million, respectively. Calculate Alpha Computers' net cash flows from operating activities using the indirect method.

Jan 27 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions