cash flow .chapter 12

Styles X fs The following information is for FloorCo, Inc. for the year just ended: B C D E 1 The following information is for FloorCo, Inc. for the year just ended: G H End of year Beginning of year $ $ 5 Current assets: 6 Cash 7 Accounts receivable 8 Inventory 9 Prepaid expenses 75,000 158,000 285,000 11,000 90,000 140,000 246,000 16,000 11 Current liabilities 12 Accounts payable 13 Accrued liabiities 14 Income taxes payable 284,000 9,500 27,000 302,000 11,200 24,000 16 Net income 94,500 18 19 Accumulated depreciation total credits $ 45,000 21 Floor Company did not record any gains or losses during the year. 23 Prepare a schedule of net cash provided by operating activities. Chant Clipboard Styles * $ A1 A 19 B C The following information is for FloorCo, Inc. for the year just ended: D E F G H $ 45,000 total credits 21 Floor Company did not record any gains or losses during the year. 23 Prepare a schedule of net cash provided by operating activities. FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: 30 Depreciation 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities Increase in income taxes payable 37 Net cash provided by operating activities