35) In preparing a company\'s statement of cash flows for the most recent year u

Question

35) In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $ 73,000 Accounts payable increased by 20,100 Accounts receivable decreased by 27,100 Inventories increased by 9,200 Depreciation expense was 36,300
Net cash provided by operating activities was:
36) The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 175,000 Cash dividends declared for the year 55,600 Net income for the year 104,000
What is the ending balance for retained earnings? 35) In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $ 73,000 Accounts payable increased by 20,100 Accounts receivable decreased by 27,100 Inventories increased by 9,200 Depreciation expense was 36,300
Net cash provided by operating activities was:
36) The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 175,000 Cash dividends declared for the year 55,600 Net income for the year 104,000
What is the ending balance for retained earnings? 35) In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $ 73,000 Accounts payable increased by 20,100 Accounts receivable decreased by 27,100 Inventories increased by 9,200 Depreciation expense was 36,300
Net cash provided by operating activities was:
36) The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 175,000 Cash dividends declared for the year 55,600 Net income for the year 104,000
What is the ending balance for retained earnings?

Explanation / Answer

Answer:- 35)-Net cash provided by opreating activities is $147300.

Explanation:-

36)-The ending balance for retained earnings is $223400.

Explanation:-

Ending balance of retained earnings = Opening balance of retained earnings+ Net income for the year + cash dividends declared for the year

=$175000+$104000-$55600

= $223400

Statement of Cash Flow (Using Indirect Method) Particulars Amount $ $ Net Income 73000 Adjustments to reconcile net income to net cash provided by opreating activities Adjustment for non cash effects Depreciation 36300 Change in opreating assets & liabilities Decrease in Accounts Receiviable 27100 Increase in Inventory -9200 Increase in Accounts payable 20100 Net cash flow from opreating activities 147300

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