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 $ 2,200 293 Increase in prepaid rent 100 Payment of dividends 370 Depreciation expense 114 Increase in accounts receivable 550 Increase in accounts payable 250 Gain on sale of land 131 Net income 1,010 Repayment of notes payable 413 Cash received from the sale of land 77 Issuance of common stock 2,500 Required: What is the net cash provided by operating activities? O $886 inflow $1,148 inflow O $300 inflow O $334 inflow What is the net cash provided by Investing activities? O $2,123 outflow O $2,254 outflow O $2,009 outflow O $2,140 outflow What is the net cash flow by financing activities? O $1,717 inflow 02087 Inflow . Pre 28 of 31 Next >
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