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 $ 2,210 343 Increase in prepaid rent Payment of dividends 95 350 Depreciation expense Increase in accounts receivable 144 490 Increase in accounts payable 150 Gain on sale of land 106 Net income 1,140 Repayment of notes payable 443 Cash received from the sale of land 37 Issuance of common stock 2,490 Required: What is the net cash provided by operating activities? $1,086 inflow $1,298 inflow $400 inflow $324 inflow What is the net cash provided by investing activities? $2,173 outflow O $2,279 outflow $2,029 outflow $2,135 outflow What is the net cash flow by financing activities? $1,697 inflow $2,047 inflow $2,140 inflow $2,490 inflow
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