What was clarkes cash flow from operations during quarter

Assignment Help Financial Accounting

Reference no: EM13790633

During the quarter ended 3/31/2015, Clarke Biscuits Inc. collected $100 of cash from customers, paid $60 of cash to suppliers, paid $30 of cash to employees and other creditors, and recorded a $5 loss on sale of equipment. There were no other cash flows related to operating activities.

What was Clarke’s Cash Flow from Operations during the quarter ended 3/31/2015?

Reference no: EM13790633

Questions Cloud

Use managerial accounting information : Identify a publicly traded company, and explain three ways that this company might use managerial accounting information. Do not select a company that one of your classmates has already posted on. Participate in discussion by suggesting additional wa..

Cash flow from operations after fixing this mistake : A new accountant, Costa Goodsold, put together a preliminary version of Medina Co.'s financial statements. Medina's Net Income was $500, its Depreciation Expense was $100, and its Cash Flow from Operations was $70. The CEO found an error that Costa m..

Transactions-investing activities : Geller Florist Inc. had the following transactions during 2015: Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank. Raised $100,000 from selling new shares of stock to investors. The cash was used to buy land to grow..

Depreciation and amortization expense : During 2015, Rindal Vinyards Inc. had EBITDA of $1000, Depreciation and Amortization Expense of $200, Interest Expense of $100, and Tax Expense of $50. What was Rindal Vinyards Net Income in 2015?

What was clarkes cash flow from operations during quarter : During the quarter ended 3/31/2015, Clarke Biscuits Inc. collected $100 of cash from customers, paid $60 of cash to suppliers, paid $30 of cash to employees and other creditors, and recorded a $5 loss on sale of equipment. There were no other cash fl..

Increased by this equipment sale transaction : A company sold a piece of manufacturing equipment for $30,000 cash. The equipment had been listed on the balance sheet at a net book value of $25,000, so the company recorded a gain on sale of equipment of $5,000. Which of the following items would b..

Increased by this advertising adjusting entry : At the end of the quarter, a company did an adjusting entry to record the fact that $1,000 of Prepaid Advertising had been used up during the quarter. Which of the following items would be increased by this advertising adjusting entry?

Increased by this insurance prepayment transaction : A company paid $50,000 to its insurance company for fire insurance coverage over the next year. Which of the following items would be increased by this insurance prepayment transaction?

Increased by this dividend declaration transaction : A company declared $500,000 of dividends that will be paid two months from now. Which of the following items would be increased by this dividend declaration transaction?

User Account

All Pages