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 $ 2,270 293 85 320 114 540 210, 116 1,200 413 82 2,430 Required: What is the net cash provided by operating activities? O $1,076 inflow O $1,308 inflow O $490 inflow O $494 inflow What is the net cash provided by investing activities? O $2,188 outflow O $2,304 outflow $2,074 outflow O$2,190 outflow What is the net cash flow by financing activities? O $1,697 inflow O$2,017 inflow O$2,110 inflow $2,430 inflow
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