Alright Corporation reported the following information for the current year. Net income is $55 million. Cash received from sale of buildings was $29 million. Customer accounts receivable decreased by $3 million. Dividends paid to common shareholders were $7 million. Depreciation expense was $11 million. Income tax payable decreased by $11 million. Long-term debt decrease by $18 million. Inventory increased by $6 million. Prepaid expenses increased by $17 million. Calculate cash flow from financing activities.

Alright Corporation reported the following information for the current year. Net income is $55 million. Cash received from sale of buildings was $29 million. Customer accounts receivable decreased by $3 million. Dividends paid to common shareholders were $7 million. Depreciation expense was $11 million. Income tax payable decreased by $11 million. Long-term debt decrease by $18 million. Inventory increased by $6 million. Prepaid expenses increased by $17 million. Calculate cash flow from financing activities.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...

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Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
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