Determining Net Income from Net Cash Flow from Operating Activities Sanhueza, In
ID: 2582784 • Letter: D
Question
Determining Net Income from Net Cash Flow from Operating Activities
Sanhueza, Inc., reported a net cash flow from operating activities of $167,400 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 $3,600 Decrease in inventories 8,900 Depreciation 13,700 Gain on sale of investments 6,200 Increase in accounts payable 2,500 Increase in prepaid expenses 1,500 Increase in accounts receivable 6,700 1 HD Cengage 1 FX 13- A DeterminInq Nat Tricom tram Net Cash Flow tram Operatinq Activities Sa hioa, Inc. ra crted net cash t w tram operating acti iti at s 167 400 its starament f cash fla s tar th yaar ended n mber 3 PN16. The tells inq int rmation was rec ta1 in m ca Fldes tram Operating Activities 5Achion at Decreese in incume taxes payable 3,SUU :3,700 .200 2.500 5 EX 15-11 ALG0 G EX15 9.ALGO T FX 15-FAI 8 Ex.15-3.Ago 9. EX15-21.ALGO a on sale of Invertments Increase in atocunts payable Incrase in prepaid cxpensc 6.700 ) Dctermine tne net ncome roported by S nhucza. Inc., for the year ended December 31, 2016. 11. Pr.14-2.Algo Previous Next Progress: 10/11 rtams me Remainig 1:44:44 Sutbmit lest fur Greding Olype here to search 1701Explanation / Answer
Net cash provided by operating activities $ 167,400 Add: Decrease in income tax payable $ 3,600 Less: Decrease in inventory $ (8,900) Less: Depreciation $ (13,700) Add: Gain on sale of investments $ 6,200 Less: Increase in accounts payable $ (2,500) Add: Increase in prepaid expenses $ 1,500 Add: Increase in accounts receivable $ 6,700 Net income $ 160,300
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