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Not secure v2.cengagenow com ake Assignment takeAssignment Main donnvoker=assignments&takeAssignmentSessionLocator-assignment-take;&inprogress-ase; rn EXAM 4 Calculator 1. EX.13-5.ALGO 2. Ex.13-11.Algo 3. Ex.13-2.Algo 4. Ex 13-8.Algo 5. EX.15-11 ALGO 6. EX. 15-9.ALGO 7. EX. 15-6.ALGO 8. Ex.15-3.Algo 9. EX 15-21 ALGOo 10. EX.14-15 ALGO 11. Pr.14-2.Algo Determining Net Income from Net Cash Flow from Operating Activities Sanhueza, Inc., reported a net cash flow from operating activities of $215,700 on its statement of cash flows for the year ended December 31, 2016. The following information was reported in the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method: Decrease in income taxes payable Decrease in inventories Depreciation Gain on sale of investments Increase in accounts payable Increase in prepaid expenses Increase in accounts receivable $5,000 12,600 19,400 8,700 3,500 2,100 9,500 Determine the net income reported by Sanhueza, Inc., for the year ended December 31, 2016 Previous Next Progress: 10/11 items 11:42 AM O Type here to search ^ 11/29/2017 e |

Explanation / Answer

Net cash flow from operating activities 215700 Decrease in income taxes payable 5000 Decrease in inventories -12600 Depreciation -19400 Gain on sale of investments 8700 Increase in accounts payable -3500 Increase in prepaid expenses 2100 Increase in accounts receivable 9500 net income 205500

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