Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. apex company statement of cash flowsindirect metho

Apex Company Statement of Cash FlowsIndirect Method Operating activities: ...

50.1K

Verified Solution

Question

Accounting

Apex Company Statement of Cash FlowsIndirect Method
Operating activities:
Net income $ 40,700
Adjustments to convert net income to cash basis:
Depreciation $ 21,400
Increase in accounts receivable (60,600)
Increase in inventory (26,600)
Decrease in prepaid expenses 10,600
Increase in accounts payable 53,000
Decrease in accrued liabilities (11,500)
Increase in income taxes payable 4,200 (9,500)
Net cash provided by (used in) operating activities 31,200
Investing activities:
Proceeds from the sale of equipment 15,800
Loan to Thomas Company (40,000)
Additions to plant and equipment (121,000)
Net cash provided by (used in) investing activities (145,200)
Financing activities:
Increase in bonds payable 88,400
Increase in common stock 39,300
Cash dividends (29,500)
Net cash provided by (used in) financing activities 98,200
Net decrease in cash and cash equivalents (15,800)
Beginning cash and cash equivalents 28,500
Ending cash and cash equivalents $ 12,700

Required:

Compute Apex Companys free cash flow for the current year. (Negative amount should be indicated by a minus sign.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Wilbur and Orville are brothers.? They're both serious? investors, but they have different approaches to valuing...

Finance
Q

A perfect reversed heat engine is used for making ice at 5 C from water...

Physics
Q

Find all values and plot them a 1 i b i i c 2 2...

Geometry
Q

all orders that used Paypal all orders under 100 all orders that were over 100...

Basic Math
Q

TB MC Qu 12 67 Algo On January 1 Year 2 the balance of Jacobs...

Algebra
Q

From the table below find f 0 and f 30 Find two values of x...

Algebra
Q

Assuming the linear regression equation is V 4 5 0 35 x Then the regression...

Algebra
Q

Journalize the transactions. Explanations are not required. Round to the nearest dollar E11-23 Accounting treatment...

Accounting
Q

Current Attempt in Progress During 2025, Sheridan Company entered into the following transactions. 1. Purchased...

Accounting
Q

The XYZ Corporation owns and operates casinos. For a recent year, The xYz Corporation re...

Accounting
Q

Gomez is considering a $220,000 investment with the following net cash flows. Gomez requires a...

Accounting
Q

Which of the following is a financial disclosure that a lessee must make on its...

Accounting