Chapter 14 Problems Saved 2 Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company Statement of

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Chapter 14 Problems Saved 2 Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company Statement of Cash Flows-Indirect Method 5 points Operating activities: Net income Adjustments to convert net income to cash basis: $ 41,100 Depreciation $ 21,400 eBook Increase in accounts receivable (61,700) (26,300) 9,900 54,600 (10,300) 4,500 Increase in inventory Hint Decrease in prepaid expenses Increase in accounts payable Print 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 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 7,900 33,200 References 15,400 (41,100) 121,800 (147,500) 89,700 39,400 29,500 99,600 (14,700) 28,700 $ 14,000