Ask Experts Questions for FREE Help !
Ask
    ladycarnal1802's Avatar
    ladycarnal1802 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Feb 9, 2010, 11:26 PM
    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
    ladycarnal1802's Avatar
    ladycarnal1802 Posts: 4, Reputation: 1
    New Member
    		  
    #2

    Feb 10, 2010, 08:49 AM

    Never mind I figured it out.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Finding Operating Cash Flows [ 2 Answers ]

How do I develop the cashflow in order to do the NPV and IRR calculations? I struggle for hours with this and feel really stupid.

Operating cash flows and depreciation [ 2 Answers ]

I have a question in my homework here.. and I CAN NOT figure out the right equation to find it and can NOT find examples for it.. so ANY help would be great! I will post the question and I am not expecting an answer just help!! THANKS! McDermott Technologies is evaluating a new project that...

Statement of Cash Flows - Operating Activity [ 1 Answers ]

1) On a statement of cash flows which of the following wouldn't be classified as an operating activity? A. The purchase of a trading security B. The receipt of a cash dividend C. The payment of interest on a bond issue D. The proceeds from the sale, at a gain, of an available-for-sale...

What is the correct financial statement-statement of cash flows wording? [ 2 Answers ]

Cash (used) in operating activities <10,000> Cash (used) in investing activities 10,000 Thank you for any help you can provide.

Operating Activity in Cash Flows [ 1 Answers ]

Question:Which of the following activities is an operating activity? a. Issuing bonds at their face amount b. Issuing stock in complete payment of a fixed asset c. Purchasing the common stock of another corporation as an investment d. Purchasing merchandise inventory for resale to customers e....

View more questions Search