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 $ 2,280 293 Increase in prepaid rent Payment of dividends 80 360 Depreciation expense Increase in accounts receivable 124 510 Increase in accounts payable 210 Gain on sale of land 136 Net income 1,050 Repayment of notes payable 463 Cash received from the sale of land 72 Issuance of common stock 2,410 Required: What is the net cash provided by operating activities? $951 inflow O $1,223 inflow $365 inflow $389 inflow What is the net cash provided by investing activities? $2,208 outflow $2,344 outflow $2,084 outflow $2,220 outflow What is the net cash flow by financing activities? O $1,587 inflow O $1,947 inflow $2,050 inflow O $2,410 inflow
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