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-   -   Statement of Cash Flows: Operating (https://www.askmehelpdesk.com/showthread.php?t=445253)

  • Feb 9, 2010, 11:26 PM
    ladycarnal1802
    Statement of Cash Flows: Operating
    Twin House Inc. reported net income of $753,000 for the current year-ended December 31. Twin House’s financial statements reflected the following information.

    Depreciation expense $150,000
    Gain on sale of trading securities 6,000
    Goodwill impairment 75,000
    Decrease in accounts receivable 48,000
    Increase in inventory 33000
    Decrease in trading securities 50000
    Increase in available-for-sale securities 62,000
    Incrase in accounts payable 70,000
    Decrease in taxes payable 15000
    Dividend paid 200,000
    Dividend received 27000

    What should Twin House report as net cash provided by OPERATING activities on the statement of cash flows, assuming that twin house classifies the proceeds from the sale of the trading securities as an OPERATING CASH OUTFLOW

    These are the four options for answers

    1,119,000
    1,092,000
    1,030,000
    892,000
  • Feb 10, 2010, 08:49 AM
    ladycarnal1802

    Never mind I figured it out.

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