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Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive
Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive full credit. |
Everything to the right of 2019 data is my attempt at this, just trying to see if this is on the right track?
Also, there is a blank Net Income space on the right not shown in what I copied, how would I solve for this? You'll see my thought process in yellow.
Requirement: Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive full credit. - Data: Net income $152,000 Maybe NET is found through utilizing Data with new Cash point? Cash Account receivable Inventory Prepaid rent Plant assets (PPE), net Accounts payable Income tax payable Accrued liabilities 12/31/2020 $ 28,680 $ 85,000 $ 50,000 $ 11,000 $ 41,750 $ 20,000 $ 55,000 $ 20,000 12/31/2019 $ 25,000 ? $ 50,000 $ 82,000 $ 12,000 $ 50,000 $ 26,000 $ 40,000 $ 15,000 -35000 32000 1000 8430 -6000 15000 5000 8250 Depreciation expense Net income $ 8,250 $ 152,000 Seems right? 28,680 Provided 25000 53860 Added both Cash together Perhaps now combined or subtracted from NET, this amount maybe new Cash Or 28680 -25000 3680 Subtracted both Cash Perhaps now combined or subtracted from NET -Amount maybe the actual flowStep by Step Solution
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