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 $ 2,240 Decrease in inventory 313 Increase in prepaid rent 70 Payment of dividends 340 Depreciation expense 194 Increase in accounts receivable 530 Increase in accounts payable 200 Gain on sale of land 106 Net income 1,150 Repayment of notes payable 453 Cash received from the sale of land 47 Issuance of common stock 2,480 Required: What is the net cash provided by operating activities? multiple choice 1 $1,151 inflow $1,363 inflow $525 inflow $349 inflow What is the net cash provided by investing activities? multiple choice 2 $2,193 outflow $2,299 outflow $1,999 outflow $2,105 outflow What is the net cash flow by financing activities? multiple choice 3 $1,687 inflow $2,027 inflow $2,140 inflow $2,480 inflow
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