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 $ 2,210 253 75 360 184 530 160 136 1,070 493 67 2,440 Required: What is the net cash provided by operating activities? $926 Inflow O $1,198 Inflow O $420 Inflow $324 Inflow What is the net cash provided by Investing activities? $2,143 outflow $2,279 outflow O $1,959 outflow $2,095 outflow What is the net cash flow by financing activities? O $1,587 Inflow $1,947 Inflow $2,080 Inflow $2,440 Inflow
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