1 answer

Blossom Company reported net income of $ 173.510 for 2017.Blossom Company also reported depreciation expense of...

Question:

Blossom Company reported net income of $ 173.510 for 2017.Blossom Company also reported depreciation expense of $36,350 and a loss of $ 5,320 on the disposal of plant assets.The comparative balance sheets show an increase in accounts receivable of $ 14,990 for the year, a $ 17,520increase in accounts payable, and a $ 3,960 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a-sign es.-15,000 or in parenthesis es (15,000)) Blossom Company Partial Statement of Cash Flows Adjustments to reconcile net income to
Blossom Company reported net income of $ 173.510 for 2017.Blossom Company also reported depreciation expense of $36,350 and a loss of $ 5,320 on the disposal of plant assets.The comparative balance sheets show an increase in accounts receivable of $ 14,990 for the year, a $ 17,520increase in accounts payable, and a $ 3,960 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a-sign es.-15,000 or in parenthesis es (15,000)) Blossom Company Partial Statement of Cash Flows Adjustments to reconcile net income to

Answers

BLOSSOM COMPANY
Partial Statement of Cash flows
For the Year 2017
Cash flows from operating activities
Net Income $ 173,510.00
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense $                    36,350.00
Loss on disposal of plant assets $                      5,320.00
Increase in accounts receivable $                  (14,990.00)
Increase in accounts payable $                    17,520.00
Increase in prepaid expenses $                    (3,960.00)
$    40,240.00
Net cash provided by operating activities $ 213,750.00
.

Similar Solved Questions

1 answer
Complete the following statement. 2 1 - cos 20 tan^8 = 7+ cos29. so tan 6x...
Complete the following statement. 2 1 - cos 20 tan^8 = 7+ cos29. so tan 6x = 2. 1- cos 20 tan?e=; 1+ cos 29. so tan 6x= 1 (Simplify your answer. Use integers or fractions for any numbers in the expression.)...
1 answer
Suppose an economy produces only two goods, cups of coffee and gallons of milk as shown...
Suppose an economy produces only two goods, cups of coffee and gallons of milk as shown in Table below: TABLE Nominal versus real GDP YEAR COFFEE (CUPS) MILK (GALLONS) GDP (NOMINAL, REAL) 2010 (The Price $1.00 Quantity 10 Price $2.00 Quantity 20 base year) Expenditure Price $1.50 Quantity 10 Price $...
1 answer
Keto and Paleo diets have become increasingly popular in recent years. These diets emphasize lots of...
Keto and Paleo diets have become increasingly popular in recent years. These diets emphasize lots of consumption of protein and minimal consumption of carbohydrates— especially processed carbs like sugar and white flour. What do you think the impact of this rise in popularity might be in the m...
1 answer
Hi I want to build this program myself but I don't know where to start and...
Hi I want to build this program myself but I don't know where to start and I don't understand the information that I was given. If someone can just outline the steps and explain some of the code given that would be great! Create a C++ program to read a given data file (scores.txt) which cont...
1 answer
Integral With absolute value how to solve it?
(Its a little bit hard to see, but the limits are 0 and 2)...
1 answer
17, How many liters of saline solution (0.6%) can be made from 12 g of sodium...
17, How many liters of saline solution (0.6%) can be made from 12 g of sodium chloride? 18. How many grams of boric acid crystals are needed to prepare 250 ml of 8% boric acid solution?...
1 answer
Question 2: Indicate whether the following statements are True or False: a) If time to maturity,...
Question 2: Indicate whether the following statements are True or False: a) If time to maturity, is greater than time to maturity2 then American call optionis less than American call option2 b) If volatility, is greater than volatility2 then European call option; is greater than European call option...
1 answer
Please show all the steps trying to understand. thank you How to generate hamming code of...
please show all the steps trying to understand. thank you How to generate hamming code of below bitstream? After received, how to use hamming code method to detect if no error (casel) or correct error with the bit shown below in red font is flipped (case 2)? Original data:11100110 Casel: received da...
1 answer
Develop a minimal circuit to solve the 4 variable function below, using a single 8-to-1 multiplexer....
Develop a minimal circuit to solve the 4 variable function below, using a single 8-to-1 multiplexer. Draw a properly labeled circuit diagram. Z= F(A,B,C,D)= 2m ( 0, 1,2, 7, 8, 14, 15)...
1 answer
Why is it difficult to compare IAS 18, Revenue, to U.S. GAAP There is no single...
Why is it difficult to compare IAS 18, Revenue, to U.S. GAAP There is no single standard in U.S. GAAP that deals solely with revenue or Revenue is not defined under U.S. GAAP?...
1 answer
Write the statement in symbols using the p and q given below
Write the statement in symbols using the p and q given below. Then construct a truth table for the symbolic statement and select the best match.p = At most, 100 guests arrived at the wedding reception.q = There was a lot of cake left over.It is not the case that, at most, 100 guests arrived at the w...
1 answer
There are several different ways to methodo those consumers at the forefront of your mind. communicate...
There are several different ways to methodo those consumers at the forefront of your mind. communicate and market to the masses. The key is to identify the logy needed to successfully communicate to the priority population and keep the needs of In a two-page paper include the following: .Identify th...
1 answer
In your new EHR system, the software flags diagnoses that must be reported to the state's...
In your new EHR system, the software flags diagnoses that must be reported to the state's mandatory reporting list. Your physician (Dr. A) has been treating a fellow physician (Dr. B). Dr. B's labwork has just come back positive for gonorrhea. Dr. A tells you that she will not report this to...
1 answer
Suppose f(x) is continuous and increasing on [a, b], and concave up on (a, b). Is...
Suppose f(x) is continuous and increasing on [a, b], and concave up on (a, b). Is S. (the Simpson's Rule approximation to S. f(x) dx with n = 6) an over-estimate or an under- estimate? Over-Estimate. Under-Estimate. There is not enough information to decide....
1 answer
Consider the line integral Sc xy dx + (x - y) dy where is the line...
Consider the line integral Sc xy dx + (x - y) dy where is the line segment from (4, 3) to (3,0). Find an appropriate parameterization for the curve and use it to write the integral in terms of your parameter. Do not evaluate the integral....
1 answer
Eggplants in Thailand are 1.24 baht per kilogram, where one dollar is worth 1.37 baht
Eggplants in Thailand are 1.24 baht per kilogram, where one dollar is worth 1.37 baht. What is the price of eggplants in dollars per pound?...
1 answer
Calculate the discount factors (present value factors) at 8% for years 1, 2, 3, and 4...
Calculate the discount factors (present value factors) at 8% for years 1, 2, 3, and 4 (show all work, including equations). Given your answer, aside for the math reasoning, why would economists claim that discount count factors must decline? Must that be true? Explain fully. What if the df for year ...