Question
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
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 $ 2,220 343 95 340 204 520 150 111 1,160 493 72 2,460 Required: What is the net cash provided by operating activities? O $1,131 inflow $1,353 inflow $445 inflow $259 inflow What is the net cash provided by investing activities? $2,148 outflow O $2,259 outflow O $1,944 outflow O $2,055 outflow What is the net cash flow by financing activities? O $1,627 inflow O $1,967 inflow O $2,120 inflow O $2,460 inflow 13
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