The financial statements of Simon Company include the following items (amounts in thousands): For the Year Ended December 31, 2023 $ 499 330 Income Statement Net income Depreciation and amortization expense Balance Sheets Accounts receivable Inventory Accounts payable Income taxes payable At December 31 2023 $ 135 185 42 79 a. Net cash provided (used) by operating activities b. Net income and cash flows provided by operations differ 2022 $ 171 130 92 16 Required: a. Calculate the net cash flow provided by operations for Simon Company for the year ended December 31, 2023 Note: Enter your answer in thousands. (i.e., 20,000 should be entered as 20) b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement.

The financial statements of Simon Company include the following items (amounts in thousands): For the Year Ended December 31, 2023 $ 499 330 Income Statement Net income Depreciation and amortization expense Balance Sheets Accounts receivable Inventory Accounts payable Income taxes payable At December 31 2023 $ 135 185 42 79 a. Net cash provided (used) by operating activities b. Net income and cash flows provided by operations differ 2022 $ 171 130 92 16 Required: a. Calculate the net cash flow provided by operations for Simon Company for the year ended December 31, 2023 Note: Enter your answer in thousands. (i.e., 20,000 should be entered as 20) b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 21E

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