Question
1.) Harlow Industries reported net income of $35,168 for the current year. During the year, Inventory decreased by $11,561, Accounts Payable decreased by $15,530, Depreciation
1.) Harlow Industries reported net income of $35,168 for the current year. During the year, Inventory decreased by $11,561, Accounts Payable decreased by $15,530, Depreciation Expense was $6,972, and Accounts Receivable increased by $6,906. If the indirect method is used, what is the net cash provided by operating activities?
2.) Based on the following information about cash transactions, compute cash flows from financing activities. Note: Some information may not be necessary for your calculation.
Purchase of investments = $31,404
Dividends paid = $6,250
Interest paid = $9,580
Additional amount borrowed from a bank = $54,266
3.) Using the information below and the indirect method, calculate the Net Cash Provided by Operating Activities.
Net Income = $70,484
Depreciation Expense = $4,583
Increase in Accounts Receivable = $16,402
Decrease in Inventory = $25,488
Increase in Accounts Payable = $18,979
Decrease in Accrued Liabilities = $8,963
4.) Using the information below and the indirect method, calculate the Net Cash Provided by Operating Activities.
Net Income = $62,704
Depreciation Expense = $6,196
Decrease in Accounts Receivable = $19,660
Decrease in Inventory = $25,251
Increase in Accounts Payable = $15,033
Increase in Accrued Liabilities = $8,480
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