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Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $29,000 net loss from operations. Depreciation expense for the year was $8,600, and a
Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $29,000 net loss from operations. Depreciation expense for the year was $8,600, and a dividend of $6,000 was declared and paid. The balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash End Beginning 16300 $12.600 Accounts receivable 28.800 45.000 Invertory 90.000 95400 Prepaid expenses 10.800 16.200 Accounts payable 21,800 14,400 13.580 Accrued abilities 9,000 Did Cairo Company's operating activities provide or use cash? Use the indirect method to determine your answer. Use negative signs with cash outflow answers and to indicate operating activities used cash, if applicable. Net Loss Add (deduct items to convert net so to cashba Depreciation Accounts Receive $ Inventory Prepaid Expenses $ Accounts Payable Accruat Laimes Cash Provided Used) by Operating Activities
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