Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If net income in 2012 = $947 and if the following changes occur between 2011 and 2012, compute Net Cash Flow from Operating Activities for

image text in transcribed
If net income in 2012 = $947 and if the following changes occur between 2011 and 2012, compute Net Cash Flow from Operating Activities for 2012: Accounts receivable change from $380 to $129 Gross fixed assets change from $1324 to $1651 Accruals change from $359 to $336 Inventory changes from $119 to $119 Retained earnings changes from $8243 to $8321 Accounts payable change from $122 to $316 Accumulated depreciation changes from ($400) to ($500) Record your answer as a whole number but do not include a dollar sign or commas. If your answer is negative, put a minus sign before your number with no space between the sign and the number

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Analysis With Microsoft Excel

Authors: Conrad Carlberg

3rd Edition

0789736640, 9780789736642

More Books

Students also viewed these Accounting questions

Question

What is the use of bootstrap program?

Answered: 1 week ago

Question

2. Do you agree that unions stifle creativity? Why or why not?

Answered: 1 week ago