Kingbird, Inc. had the following transactions during 2017: 1. Issued $285000 of par value common stock for cash. 2. Recorded and paid wages expense of $136800. 3. Acquired land by issuing common stock of par value $114000. 4. Declared and paid a cash dividend of $22800. 5. Sold a long-term investment (cost $6840) for cash of $6840. 6. Recorded cash sales of $912000. 7. Bought inventory for cash of $364800. 8. Acquired an investment in Zynga stock for cash of $47880. 9. Converted bonds payable to common stock in the amount of $1140000. 10. Repaid a 6-year note payable in the amount of $501600. What is the net cash provided by operating activities? a. $661200. b. $695400.
c. $547200. d. $410400.

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06-12-2022
Business

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Kingbird, Inc. had the following transactions during 2017: 1. Issued $285000 of par value common stock for cash. 2. Recorded and paid wages expense of $136800. 3. Acquired land by issuing common stock of par value $114000. 4. Declared and paid a cash dividend of $22800. 5. Sold a long-term investment (cost $6840) for cash of $6840. 6. Recorded cash sales of $912000. 7. Bought inventory for cash of $364800. 8. Acquired an investment in Zynga stock for cash of $47880. 9. Converted bonds payable to common stock in the amount of $1140000. 10. Repaid a 6-year note payable in the amount of $501600. What is the net cash provided by operating activities? a. $661200. b. $695400.
c. $547200. d. $410400.

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-12-18T00:46:25-05:00

$661200 is the net cash provided by operating activities. A company's net cash flow from operational activities shows how much more money is flowing into or out of its operations.

This covers any adjustments to non-cash items as well as any changes to net income (sales less any expenses, such as cost of goods sold, depreciation, and taxes, among others). The total of net income, adjustments for non-cash expenses, and working capital movements is the net cash flow from operational operations. On the cash flow statement, however, some items are handled in a different way than they are on the income statement.

To learn more about net cash, click here.

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