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 $ 2,270 333 Increase in prepaid rent 31 Payment of dividends 85 340 Depreciation expense Increase in accounts receivable 174 470 Increase in accounts payable 150 Gain on sale of land 151 Net income 1,020 Repayment of notes payable 483 Cash received from the sale of land 52 Issuance of common stock 2,400 Required: What is the net cash provided by operating activities? $971 inflow $1,273 inflow $305 inflow $259 inflow What is the net cash provided by investing activities? $2,218 outflow $2,369 outflow WAL IS BET Case provided by operalny activities: $971 inflow $1,273 inflow $305 inflow 37 $259 inflow What is the net cash provided by investing activities? $2,218 outflow $2,369 outflow $2,044 outflow $2,195 outflow What is the net cash flow by financing activities? $1,577 inflow $1,917 inflow $2,060 inflow $2,400 inflow Saved
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