In calculating cash flows from operating activities using the indirect method , a loss on the sale of equipment will appear as a ( n )
Question 15
The net income reported on the income statement for the current year was $ 440,000 . Depreciation was $ 62,000 . Accounts receivable and inventories decreased by $ 20,000 and $ 32,000 , respectively . Prepaid expenses and accounts payable increased , respectively , by $ 2,000 and $ 16,000 . How much cash was provided by operating activities ?
Question 16 The statement of cash flows will not provide insight into Question 17
Laser Performance Inc . has the following information available ( amount in thousands ).
Net Income $ 30,000 Average Total Liabilities 80,000 Average Current Liabilities 36,000 Cash Provided by Operations 48,000 Cash Sales 130,000 Capital Expenditures 22,000 Dividends Paid 6,000 What is the current cash debt coverage ? Question 18
Authentic Exposure Company had the following transactions that took place during the year :
I . Paid amount owing to suppliers $ 2,750 .