Business, 13.07.2021 16:00 pc103919

Suppose Siam Traders has the following results related to cash flows for 2020: Net Income of $7,200,000
Increase in Accounts Payable of $600,000
Increase in Accounts Receivable of $100,000
Decrease in Debt of $700,000
Depreciation Expenses of $2,000,000
Dividends Paid of $500,000
Decrease in Inventory of $1,000,000
Purchases of Property, Plant, & Equipment of $8,300,000
Other Adjustments from Financing Activities of -$100,000
Other Adjustments from Investing Activities of $400,000
Other Adjustments from Operating Activities of -$200,000

Requried:
Create a statement of cash flows with amounts in thousands.

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Answer from: humblemalak

Siam Traders

Statement of Cash Flows (in thousands)

Operating Activities:

Net Income $7,200

Non-cash adjustment:

Depreciation Expenses $2,000

Increase in Accounts Receivable ($100)

Decrease in Inventory $1,000

Increase in Accounts Payable $600

Other Adjustments from Operating Activities ($200)

Net cash from operating activities $10,500

Investing Activities:

Purchases of Property, Plant, & Equipment ($8,300)

Other Adjustments from Investing Activities $400

Net cash from investing activities ($7,900)

Financing Activities:

Decrease in Debt ($700)

Dividends Paid ($500)

Other Adjustments from Financing Activities of ($100)

Net cash from financing activities ($1,300)

Net cash flows $1,300

Explanation:

a) Data and Calculations:

Net Income of $7,200,000

Increase in Accounts Payable of $600,000

Increase in Accounts Receivable of $100,000

Decrease in Debt of $700,000

Depreciation Expenses of $2,000,000

Dividends Paid of $500,000

Decrease in Inventory of $1,000,000

Purchases of Property, Plant, & Equipment of $8,300,000

Other Adjustments from Financing Activities of -$100,000

Other Adjustments from Investing Activities of $400,000

Other Adjustments from Operating Activities of -$200,000

Operating Activities:

Net Income of $7,200,000

Depreciation Expenses of $2,000,000

Increase in Accounts Receivable of $100,000

Decrease in Inventory of $1,000,000

Increase in Accounts Payable of $600,000

Other Adjustments from Operating Activities of -$200,000

Investing Activities:

Purchases of Property, Plant, & Equipment of $8,300,000

Other Adjustments from Investing Activities of $400,000

Financing Activities:

Decrease in Debt of $700,000

Dividends Paid of $500,000

Other Adjustments from Financing Activities of -$100,000

Answer from: Quest

answer; complain or request hazard correction from your employer;

Answer from: Quest

none of these are correct, as they are all sources of american law

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Suppose Siam Traders has the following results related to cash flows for 2020: Net Income of $7,200...

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