Alpenrose Corporation’s comparative balance sheet for current assets and liabili
ID: 2532893 • Letter: A
Question
Alpenrose Corporation’s comparative balance sheet for current assets and liabilities was as follows:
Adjust net income of $211,060 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
B.
Adjust net income of $211,060 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
Score: 34/40
1
Net income
?
2
Adjustments to reconcile net income to net cash flow from operating activities:
3
Changes in current operating assets and liabilities:
4
?
?
5
?
?
6
?
?
7
Dec. 31, 2016 Dec. 31, 2015 Accounts receivable $28,200 $30,900 Inventory 17,850 15,940 Accounts payable 16,440 14,790 Dividends payable 50,680 52,900Explanation / Answer
Cash flows from operating activities Net Income $ 211,060 Adjustments to reconcile net income to : Decrease in accounts receivable $ 2,700 30900-28200 Increase in inventory $ (1,910) 15940-17850 Increase in accounts payable $ 1,650 16440-14790 $ 2,440 Net cash flow from operating activities $ 213,500
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.