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28 Need just answer in 10 minutes. I will rate positive ABC Company has completed the basic format to be used in preparing the statement
28 Need just answer in 10 minutes. I will rate positive
ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below in random order are line items to be included in the statement of cash flows. Purchase of equipment Decrease in inventory Increase in prepaid rent Payment of dividends Depreciation expense Increase in accounts receivable Increase in accounts payable Gain on sale of land Net income Repayment of notes payable Cash received from the sale of land Issuance of common stock $ 2,260 343 75 330 134 490 190 101 1,180 473 42 2,500 Required: What is the net cash provided by operating activities? O $1,181 inflow O $1,383 inflow O $495 inflow O $429 inflow What is the net cash provided by investing activities? O $2,218 outflow $2,319 outflow O $2,084 outflow O $2,185 outflow What is the net cash flow by financing activities? $1,697 inflow $2,027 inflow $2,170 inflow $2,500 inflowStep by Step Solution
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