Apex Company Statement of Cash Flows-Indirect Method Operating activities Net income Adjustments to convert net income to cash basis: Depreciation ACCT 322 Chapter 13 - Day 1 and 2 questions and problems Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities Increase in bonds payable Increase in common stock Cash dividends $ 22,000 (60,000) (25,000) 9,000 55.000 (12,000) 5,000 14,000 (40,000) (110,000) 90,000 40,000 (30,000) Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents Required: Compute Apex Company's free cash flow for the current year. $ 40,000 (6,000) 34.000 (136,000) 100,000 (2,000) 27,000 $ 25,000

ACCT 322 Chapter 13 - Day 1 and 2 quertions and problems ACCT 322 Chapter 13 - Day 1 and 2 quertions and problems